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Agmt21 Hopkins Funding
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Agmt21 Hopkins Funding
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Last modified
12/3/2021 11:27:14 AM
Creation date
12/3/2021 11:26:38 AM
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Template:
Agreement
Contractor Name
San Mateo County Transportation Authority
PROJECT NAME
Hopkins Avenue Traffic Safety Implementation Project
Date
7/14/2021
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Insurance. If deemed appropriate by Sponsor or an Entity in consideration <br />of the work required for the Project, insurance should cover potential <br />pollution or environmental contamination or accidents. The limit for <br />Pollution and/or Environmental Liability Insurance in each appropriate <br />contract and subcontract should not be less than $1 million. Such insurance <br />must name the TA as an Additional Insured and include a Waiver of <br />Subrogation in favor of the TA. <br />vii. Railroad Protective Liabilitv Insurance. Insurance is required if the Project <br />will include any construction or demolition work within 50 feet of railroad <br />tracks. The limit for Railroad Protective Liability Insurance in each <br />appropriate contract and subcontract cannot be less than $2 million per <br />occurrence and $6 million annual aggregate. <br />b) Excess or Umbrella Coverage. Sponsor and/or any other Entity may opt to procure <br />excess or umbrella coverage to meet the above requirements, but in such case, these <br />policies must also satisfy all specified endorsements and stipulations for the <br />underlying coverages and include provisions that the policy holder's insurance is to <br />be primary without any right of contribution from the TA. <br />c) Deductibles and Retentions. Sponsor must ensure that deductibles or retentions on <br />any of the above insurance policies are paid without right of contribution from the <br />TA. Deductible and retention provisions cannot contain any restrictions as to how <br />or by whom the deductible or retention is paid. Any deductible or retention <br />provision limiting payment to the named insured is unacceptable. <br />In the event that any policy contains a deductible or self-insured retention, and in <br />the event that the TA seeks coverage under such policy as an additional insured, <br />Sponsor will ensure that the policy holder satisfies such deductible to the extent of <br />loss covered by such policy for a lawsuit arising from or connected with any alleged <br />act or omission of the Entity or Agents, even if neither the Entity nor Agents are <br />named defendants in the lawsuit. <br />d) Claims Made Coverage. If any insurance specified above is provided on a claim - <br />made basis, then in addition to coverage requirements above, such policy must <br />provide that: <br />i. Policy retroactive date coincides with or precedes the Entity's start of <br />work (including subsequent policies purchased as renewals or <br />replacements). <br />ii. Entity will make every effort to maintain similar insurance for at least <br />three (3) years following Project completion, including the requirement <br />of adding all additional insureds. <br />iii. If insurance is terminated for any reason, each Entity agrees to purchase <br />an extended reporting provision of at least three (3) years to report <br />claims arising from work performed in connection with this Agreement. <br />iv. Policy allows for reporting of circumstances or incidents that might give <br />rise to future claims. <br />e) Failure to Procure Adequate Insurance. Failure by any Entity to procure sufficient <br />insurance to financially support Section 4.1, Indemnity by Sponsor, of this <br />Agreement does not excuse Sponsor from meeting all obligations of Section 4.1 <br />REV: 06-18-2021 SK <br />ATTY/AGR.2021.145/San Mateo County Transportation Authority (Page 8 of 18) <br />17293493.1 <br />
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