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LSA ASSOCIATES, INC.
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LSA ASSOCIATES, INC.
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Last modified
8/19/2024 2:52:38 PM
Creation date
1/3/2023 2:13:53 PM
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Contracts
Company Name
LSA ASSOCIATES, INC.
Contract #
N-2022-377
Agency
Public Works
Expiration Date
11/3/2024
Insurance Exp Date
9/30/2023
Destruction Year
2029
Notes
For Insurance Exp. Date see Notice of Compliance
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broad as ISO Form CG 20 10 11 85 or if not available, through the <br />addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and <br />CG 2037 if a later edition is used). <br />2. Primary Coverage: For any claims related to this contract, the <br />Consultant's insurance coverage shall be primary coverage at least <br />as broad as ISO CG 20 01 04 13 as respects the City, its officers, <br />officials, and employees. Any insurance or self- insurance <br />maintained by the City, its officers, officials, employees, or <br />volunteers shall be excess of the Consultant's insurance and shall not <br />contribute with it. <br />3. Notice of Cancellation: Each insurance policy required above shall <br />provide that coverage shall not be canceled, except with notice to <br />the City. <br />4. Waiver of Subrogation: Consultant hereby grants to City a waiver <br />of any right to subrogation that any insurer of said Consultant may <br />acquire against the City by virtue of the payment of any loss under <br />such insurance. Consultant agrees to obtain any endorsement that <br />may be necessary to affect this waiver of subrogation, but this <br />provision applies regardless of whether or not the City has received <br />a waiver of subrogation endorsement from the insurer. <br />5. Self -Insured Retentions: Self -insured retentions of greater than <br />$50,000 must be declared to and approved by the City. The City <br />may require the Consultant to purchase coverage with a lower <br />retention or provide proof of ability to pay losses and related <br />investigations, claim administration, and defense expenses within <br />the retention. The policy language shall provide, or be endorsed to <br />provide, that the self -insured retention may be satisfied by either the <br />named insured or City. <br />6. Acceptability of Insurers: Insurance is to be placed with insurers <br />authorized to conduct business in the state with a current A.M. <br />Best's rating of no less than A:VII, unless otherwise acceptable to <br />the City. <br />7. Claims Made Policies: If any of the required policies provide <br />coverage on a claims -made basis: <br />i. The Retroactive Date must be shown, and must be before the <br />date of the contract or the beginning of contract work. <br />ii. Insurance must be maintained and evidence of insurance <br />must be provided for at least five (5) years after completion <br />of the contract of work. <br />Page 4of10 <br />
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