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Agmt21 William Euphrat Municipal Finance, Inc.
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Agmt21 William Euphrat Municipal Finance, Inc.
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Last modified
1/27/2021 4:08:29 PM
Creation date
1/27/2021 4:06:37 PM
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Agreement
Contractor Name
William Euphrat Municipal Finance, Inc.
PROJECT NAME
SVCW loans and bonds municipal advisor
RMP File Number
304.5
Date
1/15/2021
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amended, such duties of Consultant to indemnify will not apply when to do so <br />would be prohibited by California Civil Code Section 2782 as amended. <br />11.6 The Parties expressly agree that any reasonable payment, attorney's fee, <br />cost or expense City incurs or makes to or on behalf of an injured employee under <br />the City's self-administered workers' compensation plan is included as a loss, <br />expense or cost for the purposes of this Section 11. <br />11.7 Acceptance by City of Consultant's services and duties will not operate as <br />a waiver of City's rights under this Section 11. <br />11.8 The parties expressly agree that this Section 11 will survive the expiration <br />or early termination of the Agreement. <br />12. Insurance. Consultant will obtain and maintain for the duration of the Agreement <br />and any and all amendments, insurance against claims for injuries to persons or damage <br />to property which may arise out of or in connection with performance of the Services by <br />Consultant or Consultant's agents, representatives, employees or subcontractors. The <br />insurance carrier is required to maintain an A.M. Best rating of not less than "A -:VII". <br />12.1 Coverages and Limits. Consultant, at its sole expense, will 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 Consultant's indemnification obligations under <br />this Agreement. <br />REV: 12-10-2020 EI <br />12.1.1 Commercial General Liability Insurance. Consultant will maintain <br />occurrence based coverage with limits not less than $2,000,000 per <br />occurrence. If the submitted policies contain aggregate limits, such limits <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 per occurrence <br />limit. The Commercial General Liability insurance policy will be endorsed <br />to name the City, its officers, agents, employees and volunteers as <br />additional insureds, and to state that the insurance will be primary and not <br />contribute with any insurance or self-insurance maintained by the City. <br />12.1.2 Business Automobile Liability Insurance. Consultant will maintain <br />coverage with limits not less than $1,000,000 per each accident for hired <br />and non -owned automobiles. For on-call services agreements, the <br />Business Automobile Liability insurance policy will be endorsed to name the <br />City, its officers, agents, employees and volunteers as additional insureds, <br />and to state that the insurance will be primary and not contribute with any <br />insurance or self-insurance maintained by the City. <br />12.1.3 Workers' Compensation Insurance. Consultant will maintain <br />coverage as required by the California Labor Code. The Workers' <br />ATTY/AGR.2020.292/William Euphrat Municipal Finance, Inc. (Page 5 of 16) <br />
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