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Agmt15 William Euphrat Municipal Finance, Inc.
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Agmt15 William Euphrat Municipal Finance, Inc.
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Last modified
4/7/2015 3:29:50 PM
Creation date
3/26/2015 12:52:17 PM
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Template:
Agreement
Contractor Name
William Euphrat Municipal Finance, Inc.
PROJECT NAME
Refunding of outstanding Water Revenue Bonds 2006A
RMP File Number
505
Date
3/23/2015
Reso Ref
15391
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seif-administered workers' compensation is included as a loss, expense or cost for the <br /> purposes of this section. <br /> The parties expressly agree that this section shall survive the expiration or early <br /> termination of the Agreem�nt. <br /> 11. Insurance. Consultant shall obtain and maintain for the duration of the <br /> Agreement and any and all amendments, insurance against claims for injuries to <br /> persons ar damage to property which may arise out of or in connection with <br /> performance of the Services by Consultant or Consultant's agents, representatives, <br /> employees or subcontractors. The insurance carrier is required to maintain an A.M. <br /> Best rating of not less than "A-: VII". <br /> 11.1 �overages and Limits. Consultant, at its sol� expense, shall maintain the <br /> types of coverages and minimum limits indicated below, unless otherwise <br /> approved by City in writing. These minimum amounts of coverage will not <br /> constitute any limitations or cap on Cansultant's indemnification obligations under <br /> this Agreement. <br /> 11.1.1 Commercial General Liability Insurance. Consultant shall maintain <br /> occurrence based coverage with limits not less than $1,000,000 per <br /> occurrence. If the submitted policies contain aggregate limits, such limit� <br /> will apply separately to the Services, project, or location that is the subject <br /> of this Agreement or the aggregate will be twice the required psr <br /> occurrence limit. The Commercial General Liability insurance policy shall <br /> be endorsed to name the City, its officers, agents, employees and <br /> volunteers as additional insureds, and to state that the insurance will be <br /> primary and not contribute with any insurance or setf-insurance <br /> maintained by the City. <br /> 11.1.2 Business Automobile Liability Insurance. Consultant shall maintain <br /> coverage with limits not less than $1,000,000 combined single-limit per <br /> accident for bodily injury and property damage for hired and non-owned <br /> automobiles. <br /> 11.1.3 Workers' Compensation Insurance. Consultant shall maintain <br /> coverage as required by the Califomia Labor Code. The Workers' <br /> Compensation policy shall contain an endorsement stating tha#the insurer <br /> waives any right to subrogation against the City, its officers, agents, <br /> employees and volunteers. <br /> 11.1.4 Emplover's LiabiJitv Insurance. Consultant shall maintain coverage <br /> with limits not less than $1,000,000 per each accident for bodily injury or <br /> disease. <br /> Worker's Compensation and Employer's Liability insurance will not be <br /> required if Consultant has no employees and provides, to City's <br /> REV:03-10-15 MLG <br /> Pa�e 4 of 14 <br /> ATTY/AGR2015.047NVilliam Euphrat Municipal Finance, Inc. <br />
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