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Last modified
9/5/2023 2:01:36 PM
Creation date
5/18/2023 12:40:59 PM
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Contracts
Company Name
LIGHTNING YOUTH ACADEMY
Contract #
N-2023-116
Agency
Parks, Recreation, & Community Services
Expiration Date
5/31/2024
Destruction Year
2029
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1185 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 <br />33, or CG 20 38; and CG 2037 if a later edition is used). <br />(2) Primary Coverage: For any claims related to this contract, the Provider's <br />insurance coverage shall be primary coverage at least as broad as ISO CG 20 0104 <br />13 as respects the City, its officers, officials, employees, and volunteers. Any <br />insurance or self-insurance maintained by the City, its officers,officials, employees, <br />or volunteers shall be excess of the Provider's insurance and shall not contribute <br />with it. <br />(3) Notice of Cancellation: Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />(4) Waiver of Subrogation: Provider hereby grants to City a waiver of any right to <br />subrogation that any insurer of said Provider may acquire against the City by virtue <br />of the payment of any loss under such insurance. Provider agrees to obtain any <br />endorsement that may be necessary to affect this waiver of subrogation, but this <br />provision applies regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer. <br />(5) Self -Insured Retentions: Self -insured retentions must be declared to and approved <br />by the City. The City may require the Provider to purchase coverage with a lower <br />retention or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. The policy language <br />shall provide, or be endorsed to provide, that the self -insured retention may be <br />satisfied by either the named insured or City. <br />(6) Acceptability of Insurers: Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best's rating of no less than <br />A:VII, unless otherwise acceptable to the City. <br />(7) Claims Made Policies: If any of the required policies provide claims -made <br />coverage: <br />The Retroactive Date must be shown, and must be before the date of the contract <br />or the beginning of contract work. <br />ii. Insurance must be maintained and evidence of insurance must be provided forat <br />least five (5) years after completion of the contract of work. <br />iii. If coverage is canceled or non -renewed, and not replaced with another claims - <br />made policy form with a Retroactive Date prior to the contract effective date, <br />the Speaker/Performer must purchase "extended reporting" coverage for a <br />minimum of five (5) years after completion of work. <br />(8) Verification of Coverage: Provider shall furnish the City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />Page 4 of 10 <br />
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