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RAYA FOUNDATION (3)
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RAYA FOUNDATION (3)
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Last modified
3/7/2024 8:42:00 AM
Creation date
3/6/2024 2:25:08 PM
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Contracts
Company Name
RAYA FOUNDATION
Contract #
N-2024-071
Agency
Parks, Recreation, & Community Services
Expiration Date
2/28/2025
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available insurance proceeds in excess of the specified minimum limits of insurance <br />and coverage shall be available to the City. <br />b. Other Insurance Provisions <br />Additional Insured Status: The City, its officers, officials, employees, and <br />volunteers are to be covered as additional insureds on the CGL policy with respect <br />to liability arising out of work or operations performed by or on behalf of the <br />Provider including materials, parts, or equipment furnished in connectionwith such <br />work or operations. General liability coverage can be provided in the form of an <br />endorsement to the Provider's insurance (at least as broad as ISO Form CG 20 10 <br />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 />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. Verification of Coverage: Provider shall furnish the City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />applicable policy language effecting coverage requiredby this clause) and a copy of <br />the Declarations and Endorsement Page of the CGL policy listing all policy <br />endorsements to City before work begins. However, failure to obtain the required <br />Page 4 of 10 <br />
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