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Finance Highlights 2007 0619
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Finance Highlights 2007 0619
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Last modified
6/29/2007 9:45:55 AM
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6/29/2007 9:41:52 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
6/19/2007
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_CC Agenda 2007 0702
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\City Clerk\City Council\Agenda Packets\2007\Packet 2007 0702
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<br />DEDUCTIBLES AND SELF-INSURED RETENTIONS <br /> <br />Any deductibles or self-insured retentions must be declared to and approved by the City. <br /> <br />OTHER INSURANCE PROVISIONS <br /> <br />The general liability and automobile polices are to contain, or be endorsed to contain, the <br />following provisions: <br /> <br />1. The City, its officers, officials, employees, agents and volunteers are to be covered as <br />additional insured as respects: liability arising out of activities perfonned by or on behalf <br />of the Contractor; products and completed operations of the Contractor: premises owned, <br />occupied or used by the Contractor; or automobiles owned, leased, hired or borrowed by <br />the Contractor. <br /> <br />2. For any claims related to this project, the Contractor's insurance coverage shall be <br />pnmary msurance as respects the City, its officers, officials, employees, agents and <br />volunteers. <br /> <br />3. The Contractor's insurance shall apply separately to each insured against whom claim is <br />made or suit is brought, except with respects to the limits of the insurer's liability. <br /> <br />4. Each insurance policy required by this clause shall be endorsed to state that coverage <br />shall not be suspended, voided, canceled by either party, reduced in coverage or limits <br />excepts after thirty (30) days prior written notice by certified mail, return receipt <br />requested, has been given to the City. <br /> <br />ACCEPT ABILITY OF INSURERES <br /> <br />Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A: VII. <br /> <br />VERIFICATION OF COVERAGE <br /> <br />Contractor shall furnish the City with original endorsements effecting coverage required by this <br />clause. The endorsements are to be signed by a person authorized by that insurer to bind <br />coverage on its behal[ The endorsements are to be on fonns provided by the City. <br />
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