100208_Packet - Laserfiche WebLink

Home

Section 8.05 as liquidated damages for failure of the Contractor to fulfill its obligations. 6. Services Not Provided For: No claim for services furnished by the Contractor not specifically provided for herein shall be honored by the City. VII. Insurance 1. Insurance: Insurance secured by the Contractor shall be issued by insurance companies acceptable to the City and admitted in Minnesota. The insurance specified may be in a policy or policies of insurance, primary or excess. Such insurance shall be in force on the date of execution of the contract and shall remain continuously in force for the duration of the contract. Contractor shall provide a Certificate of Insurance as proof of general liability coverage for bodily injury or death in the amount of $1.5 million for bodily injury or death and in the amount of $200,000 for damages to property. To cover the cost of this increased insurance requirement (compared to the RFP) both parties agreed in March 2009 that the City would pay a maximum of an additional $14,887.04 annually. The Certificate of Insurance shall name the City as an additional insured, and state that the Contractor's coverage shall be the primary coverage in the event of a loss. The Contractor shall also provide a Certificate of Vehicle Liability Insurance in the amount of at least $1,000,000. The Contractor shall further provide a Certificate of Director's & Officers Insurance or Errors & Omissions Insurance providing coverage for 1) the claims that arise from the errors or omissions of the Contractor or its sub-contractors and 2) the negligence or failure to render a professional service by the Contractor or its sub- contractors. The insurance policy should provide coverage in the amount of $1,000,000 each occurrence and $1,000,000 annual aggregate. The insurance policy must provide the protection stated for two years after completion of the work. Acceptance of the insurance by the City shall not relieve, limit or decrease the liability of the Contractor. Any policy deductibles or retention shall be the responsibility of the Contractor. The Contractor shall control any 14