Laserfiche WebLink
C. For any claims related to this Agreement or the work hereunder, the <br />Consultant's insurance covered shall be primary insurance as respects <br />the City, its officers, officials, employees, and volunteers. Any insurance <br />or self- insurance maintained by the City, its officers, officials, employees, <br />or volunteers shall be excess of the Consultant's insurance and shall not <br />contribute with it. <br />Each insurance policy required by this clause shall be endorsed to state <br />that coverage shall not be canceled by either party, except after 30 days' <br />prior written notice has been provided to the City. <br />4.3 Professional Liability Insurance. <br />4.3.1 General requirements. Consultant, at its own cost and expense, shall maintain <br />for the period covered by this Agreement professional liability insurance for <br />licensed professionals performing work pursuant to this Agreement in an amount <br />not less than $1,000,000 covering the licensed professionals' errors and <br />omissions. Any deductible or self- insured retention shall not exceed $150,000 per <br />claim. <br />4.3.2 Claims -made limitations. The following provisions shall apply if the professional <br />liability coverage is written on a claims -made form: <br />The retroactive date of the policy must be shown and must be before the <br />date of the Agreement. <br />Insurance must be maintained and evidence of insurance must be <br />provided for at least five years after completion of the Agreement or the <br />work, so long as commercially available at reasonable rates. <br />C. If coverage is canceled or not renewed and it is not replaced with another <br />claims -made policy form with a retroactive date that precedes the date of <br />this Agreement, Consultant must purchase an extended period coverage <br />for a minimum of five years after completion of work under this <br />Agreement. <br />A copy of the claim reporting requirements must be submitted to the City <br />for review prior to the commencement of any work under this Agreement. <br />4.4 All Policies Requirements. <br />4.4.1 Acceptability of insurers. All insurance required by this section is to be placed <br />with insurers with a Bests' rating of no less than ANIL <br />4.4.2 Verification of coverage. Prior to beginning any work under this Agreement, <br />Consultant shall furnish City with complete copies of all policies delivered to <br />Consultant by the insurer, including complete copies of all endorsements attached <br />G: \OBD \Downtown \Downtown PBID \NCA Agreements \CSA6- 19- 12.doc <br />