AgdaPkt 2003-09-22 - Laserfiche WebLink

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0- Z D. With respect to professional liability insurance, Developer shall require each Contractor and Consultant to maintain Professional Liability Insurance that provides coverage for claims arising out of errors, omissions, or negligent acts is connection with the performance of the Services. The professional liability insurance shall have limits of not less than $1 Million for each insured, with such limits applying separately to each insured and each policy shall be endorsedk extend the reporting period for claims arising from the Services two years complete and accepted by the City or the Project is coo E. City and Agency reserve the right to,&Ii its Contractors and Consultants obtain, ad further extensions of the reporting period. 4 and with insurance companies satisfactory Agency shall pay the actual cc subject to prior approval by the coverage is in place and that the F. ConcurrentlMhLb and Consultants or declaration pages, the ins�j�'nce requi insurance date the Services are occurs later. to obtain, or have i3e, limits and /or on forms FMnd Agency. The City and coverage, which cost shall be of evidence that the Developer, Contractors with certificates and copies of information and, with respect to evidence of commercial geneia le liability insurance coverage, original endorsements:= = :_____. i) PFecludin ancellation or reduction in coverage before the expiration o irty (30) days after City and Agency shall have received written notification of cancellation or reduction in coverage by first-class mail; - mviding that insurance furnished by Developer, Contractors and Consultants, shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability (cross liability endorsement/severability of interest endorsement);