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SOFFA ELECTRIC, INC.
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Last modified
12/11/2023 11:23:51 AM
Creation date
12/11/2023 11:17:08 AM
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Contracts
Company Name
SOFFA ELECTRIC, INC.
Contract #
A-2023-162-03
Agency
Public Works
Council Approval Date
9/19/2023
Expiration Date
9/18/2026
Insurance Exp Date
1/1/1900
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(iv) Professional Liability (Errors and Omissions) Insurance <br />appropriates to the Consultant's profession, with limit no less than <br />$1,000,000.00 per occurrence or claim, $2,000,000.00 aggregate. <br />(v) If the Consultant maintains broader coverage and/or higher limits <br />than the minimums shown above, the City requires and shall be entitled <br />to the broader coverage and/or the higher limits maintained by the <br />Consultant. Any available insurance proceeds in excess of the specified <br />minimum limits of insurance and coverage shall be available to the City. <br />c. Other Insurance Provisions. The insurance policies are to contain, or be endorsed to <br />contain, the following provisions: <br />(i) Additional Insured Status. The City, its officers, officials, employees, <br />and volunteers are to be covered as additional insureds on the CGL <br />policy with respect to liability arising out of work or operations <br />performed by or on behalf of the Consultant including materials, parts, <br />or equipment furnished in connection with such work or operations. <br />General liability coverage can be provided in the form of an <br />endorsement to the Consultant's insurance (at least as broad as ISO <br />Form CG 20 10 11 85 or both CG 20 10, CG 20 26, CG 20 33, or CG <br />20 38; and CG 20 37 forms if later revisions used). <br />(ii) Primary Coverage. For any claims related to this contract, the <br />Consultant's insurance coverage shall be primary insurance primary <br />coverage at least as broad as ISO CG 20 0104 13 as respects the City, <br />its officers, officials, employees, and volunteers. Any insurance or self- <br />insurance 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 />(iii)Notice of Cancellation. Each insurance policy required above shall <br />state that coverage shall not be canceled, except with notice to the City. <br />(iv) Waiver of Subrogation. Consultant hereby grants to City a waiver of <br />any right to subrogation which any insurer of said Consultant may <br />acquire against the City by virtue of the payment of any loss under such <br />insurance. Consultant agrees to obtain any endorsement that may be <br />necessary to affect this waiver of subrogation, but this provision applies <br />regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer. <br />(v) Self -Insured Retentions. Self -insured retentions must be declared to <br />and approved by the City. The City may require the Consultant to <br />purchase coverage with a lower retention or provide proof of ability to <br />pay losses and related investigations, claim administration, and defense <br />expenses within the retention. The policy language shall provide, or be <br />Page 4 of 10 <br />
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