R L Alia Company 5/4/2017 - Laserfiche WebLink

I 1-07.18 Public Liability and Property Damage Insurance I' Delete 1-07.18 and substitute the following: 1-07.18 Insurance (******) 1-07.18(1) General Requirements A. The Contractor shall obtain the insurance described in this section from insurers approved by the State Insurance Commissioner pursuant to RCW Title 48. The insurance shall be provided by an insurer with a rating of A-: VII or higher in the A.M. Best's Key Rating Guide,that is licensed to do business in the state of Washington, or issued as a surplus line by a Washington Surplus lines broker. The City reserves the right to approve or reject the insurance provided, based on the insurer (including financial condition), terms and coverage,the Certificate of Insurance,and endorsements. B. The Contractor shall keep this insurance in force during the term of the Contract and for 30 calendar days after the Physical Completion date, unless otherwise indicated in 1-07.18(1)C of this section. C. If any insurance policy is written on a claims made form, its retroactive date, and that of all subsequent renewals, shall be no later than the effective date of this Contract. The policy shall state that coverage is claims made, and state the retroactive date. Claims-made form coverage shall be maintained by the Contractor for a minimum of 36 months following the Final Completion or earlier termination of this Contract, and the Contractor shall annually provide the City with proof of renewal. If renewal of the claims made form of coverage becomes unavailable, or economically prohibitive, the Contractor shall purchase an extended reporting period, "tail," or execute another form of guarantee acceptable to the City to assure financial responsibility for liability for services performed. D. The insurance policies shall contain a"cross liability"provision. I E. The Contractor's and all subcontractors' insurance coverage shall be primary and non- contributory insurance as respects the City's insurance, self-insurance, or insurance pool coverage. 1 F. All insurance policies and Certificates of Insurance shall include a requirement providing for a minimum of 30 days prior written notice to the City of any cancellation in any insurance policy. I G. The Contractor shall not begin Work under the Contract until the required insurance has been obtained and approved by the City. H. Failure on the part of the Contractor to maintain the insurance as required shall constitute a material breach of Contract, upon which the City may, after giving five business days' notice to the Contractor to correct the breach, immediately terminate the Contract or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City,offset against funds due the Contractor from the City. I. All costs for insurance shall be included in the unit or lump sum prices of the Contract and no additional payment will be made. 1-07.18(2) Additional Insured All insurance policies, with the exception of Professional Liability and Workers Compensation, shall name the following listed entities as additional insured(s): • The City and its officers,elected officials,employees,agents, and volunteers J The above-listed entities shall be additional insured(s) for the full available limits of liability maintained by the Contractor, whether primary, excess, contingent or otherwise, irrespective of HAYES STREET REGULATOR February,2017 AND CSO CONTROLS (SRO1, SRO2,AND SRO3) WO No—UP3398-31 SP - 91