ROJAS, ALICIA (4) - Laserfiche WebLink

Home Browse Search

endorsement to the Grantee's insurance (at least as broad as ISO Form CG 20 10 1185 or bothCG 2010, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 forms if later revisions used), 2, Primary Coverage: i"or any claims related to this contract, the Grantee's Insurance coverage shall be primary Insurance primary coverage at least as broad as ISO CO 20'01 0413 as respects the City, its officers: officials, employees, and volunteers. Any Insurance or waif -insurance maintained by the City, its officers, officials, employees, or volunteers shall be excess of the Grantee's insuranceand' shall not contribute with it. 3. Notice of Cancellation: Each insurance policy required above shall state that coverage shall not be canceled, except withnotice to the City. 4, Waiver of Subrogation: Grantee hereby grants to City a waiver of any right to subrogation which any insurer of said Grantee may acquire against the City by virtue of the payment of any loss under such insurance. Grantee agrees to obtain any endorsement that may be necessaryto affect thiswatverof subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer, 5. Self -Insured Retentions: Self -Insured retentions must be declared to and approved by the City. The City may require thaGrantee to purchase coverage with a lower retention or provide proof of abilityto pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named insured or City. 6. Acceptability of Insurers: Insurance is to be placed with insurers authorized to conduct business In the state with a current A.M. Seafs rating of no less than A:VII, unless otherwise acceptable to the City, T Claims Made Policies: If any of the required policies provide coverage on a claims -made basis: 1. The Retroactive Date must be shown and must be before the date of the contract or the beginning of contract worn. Ii. Insurance must be maintained and evidence of Insurance must be provided for at least five (6) years after completion of the contract of work, Ili. If coverage Is canceled or non -renewed, and not replaced with another claims -made polioyform with a Retroactive Date prior to the contract effective date, the Grantee must purchase 'extended reporting" coverage for a minimum of five (5) years after completion of contract work. 8. Verfrication of Coverage, Grantee shall furnish the City with original Certificates of Insurance Including all required amendatory endorsements (or copies of the applicable policy language effecting coverage requiredby this clause) and a copy of the Declarations and Endorsement Page of the CGt. policy listing allpoicy endorsements to City before work begins, However, failure to obtain the required