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Agmt15 York Risk Services Group, Inc.
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Agmt15 York Risk Services Group, Inc.
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Last modified
12/17/2020 9:03:47 AM
Creation date
6/10/2015 9:24:45 AM
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Template:
Agreement
Contractor Name
York Risk Services Group, Inc.
PROJECT NAME
Claims Administration Services- Workers' compensation program
RMP File Number
304
Date
7/1/2015
MO Ref
15-049
Amendment
Yes
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J. During the Term of this Agreement and thereafter until all Claims <br /> assigned hereunder are closed, YORK agrees to: <br /> (1) Maintain in force a fidelity bond or equivalent insurance, such as <br /> Third Party Crime insurance, for the protection of PRINCIPAL, at a limit not less <br /> than one million dollars ($1,000,000), to cover the risk of loss due to the wrongful <br /> conversion of any funds and assets of PRINCIPAL by YORK or its employees or <br /> independent contractors during the term of this Agreement. York shall maintain <br /> said bond or insurance for a period of two (2) years after the expiration of this <br /> Agreement; Insurance is to be placed with insurers with a current A.M. Best's <br /> rating of no less than A:VII, unless otherwise acceptable to the AUTHORITY. <br /> (2) Maintain in force an errors and omissions policy, at a limit not <br /> less than one million dollars ($1,000,000) per occurrence and to maintain <br /> coverage for a period of at least two (2) years after the expiration of the last <br /> contract with PRINCIPAL, or if the errors and omissions coverage is claims- <br /> made, YORK agrees that, for said two (2) year period, the "retro" date will not be <br /> later than the inception date of this Agreement; <br /> (3) Maintain in force a general liability policy, which names <br /> PRINCIPAL as an Additional Insured and which provides limits not less than one <br /> million dollars ($1,000,000) per occurrence, two million dollars ($2,000,000) <br /> aggregate and two million dollars ($2,000,000) products/completed operations <br /> aggregate; <br /> (4) Maintain in force a workers' compensation and employers <br /> liability policy, which provides coverage to employees of YORK at limits not less <br /> than one million dollars ($1,000,000); <br /> (5) Maintain in force an automobile liability policy, which names <br /> PRINCIPAL as an additional insured and which provides a limit of no less than <br /> one million dollars ($1,000,000); <br /> (6) Provide that the aforementioned policies contain a waiver of <br /> subrogation in favor of PRINCIPAL. <br /> J. Notwithstanding anything to the contrary contained herein, and to the <br /> extent applicable, YORK agrees to comply with all obligations imposed upon it by law. <br /> V. DUTIES OF PRINCIPAL <br /> A. PRINCIPAL shall promptly provide YORK with such information as <br /> YORK may require, including, but not limited to, any copy of documents describing its <br /> self-insured workers' compensation program, and all amendments thereto including but <br /> ATTY/AGR/2015.068/YORK TPA REDWOOD CITY <br /> REV:04-20-15 MLG <br /> Page 5 of 17 <br />
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