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AgdaPkt 2015-03-23 Closed and Joint SA PFA
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AgdaPkt 2015-03-23 Closed and Joint SA PFA
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Last modified
3/24/2015 9:22:13 AM
Creation date
3/19/2015 4:55:14 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
3/23/2015
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8.A. - Page 131 <br /> Exhibit E. Insurance Requirements <br /> Exhibit E <br /> Insurance Requirements <br /> A. ENDORSEMENTS AND CONDITIONS APPLYING TO ALL PHASES INSURANCE <br /> Without limiting the Seller's indemnification of the Buyer, the Seller shall provide and maintain <br /> at its own expense, during the term of this Agreement,or phase of this Agreement if coverage is <br /> phase-specific, or as may be further required herein, the following insurance coverage's and <br /> provisions: <br /> 1. REDUCTION OR LIMIT OF OBLIGATION: All insurance policies, including excess and umbrella <br /> insurance policies, shall include an endorsement and be primary and non-contributory and will <br /> not seek contribution from any other insurance (or self-insurance) available to the Buyer. The <br /> primary and non-contributory endorsement shall be at least as broad as ISO Form 20 01 0413. <br /> Pursuant to the provisions of this Agreement insurance effected or procured by the Seller shall <br /> not reduce or limit Seller's contractual obligation to indemnify and defend the Indemnified <br /> Parties. <br /> 2. EVIDENCE OF COVERAGE: Before commencing operations under this Agreement,Seller shall <br /> provide Certificate(s) of Insurance and applicable insurance endorsements, in form and <br /> satisfactory to Buyer, evidencing that all required insurance coverage is in effect. The Buyer <br /> reserves the rights to require the Seller to provide complete, certified copies of all required <br /> insurance policies. The required certificate(s) and endorsements must be sent as set forth in <br /> the Notices. <br /> The Seller shall not receive a Notice to Proceed with the work under this Agreement until it has <br /> obtained all insurance required and such insurance has been approved by the Buyer. This <br /> approval of insurance shall neither relieve nor decrease the liability of the Seller. <br /> 3. DURATION OF COVERAGE: All required insurance shall be maintained during the entire term <br /> of this Agreement or phase of this Agreement to which it applies. In addition, Insurance policies <br /> and coverage(s)written on a claims-made basis: <br /> • Shall be maintained during the entire term of this Agreement or phase of this <br /> Agreement to which it applies and until 5 years following the letter of termination of <br /> this Agreement/Phase of this Agreement and acceptance of all work provided under <br /> this Agreement. <br /> • The retroactive date must be before the execution date of the contract or the <br /> beginning of contract work. <br /> • If coverage is canceled or non-renewed, and not replaced with another claims-made <br /> policy form with a retroactive date prior to the contract effective,or start of work date, <br /> the Seller must purchase extended reporting period coverage for a minimum of five <br /> (5)years after completion of work. <br /> Exhibit E Page 1 <br />
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