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Res 1986-061
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Res 1986-061
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Last modified
8/27/2007 1:15:44 PM
Creation date
8/27/2007 1:15:44 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1986-61
Date
5/19/1986
Volume Book
79
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<br /> -12- <br /> ARTICI.E 11 <br /> INSURANCE <br /> 11.1.1 The CONSULTANT agrees to procure and maintain at its <br /> expense until final payment by OWNER for services covered by this <br /> AGREEMENT, insurance in the kinds and amounts hereinafter provided with <br /> insurance companies authorized to do business in the State of Texas, <br /> cover ing all operations under this AGREEMENT, whether performed by it <br /> or its agents, employee s, contractors or subcontractors. Before <br /> commencing the Work, CONSULTANT shall furnish to OWNER certificates in <br /> form satisfactory to OWNER, showing that CONSULTANT has complied with <br /> this Paragraph. All certificates shall provide that the policy or <br /> pol ic ie s shall not be changed or cancelled until at least thirty (30) <br /> days' written notice shall have been given to OWNER. Kinds and amounts <br /> of insurance required are as follows: <br /> Workmen's Compensation Insurance: Workmen's Compensation <br /> Insurance for its employees in accordance with the provisions of the <br /> Workmen's Compensation Act of the State of Texas. <br /> Comprehensive General Liability Insurance: Comprehensive <br /> General Liability Insurance with minimum limits of liability of not <br /> less than $500,000 aggregate for bodily inj ury, personal injury, <br /> sickness, disease or death. <br /> Broad Form property Damage Insurance: Broad Form property <br /> Damage Insurance and removal of XCU exclusions where applicable, as <br /> determined by OWNER, with minimum limits of liability of not less than <br /> $500,000 aggregate for injury to or destruction of tangible personal <br /> property of others, including loss of use thereof. <br /> CONSULTANT shall maintain Comprehensive General Liability <br /> Insurance, and Broad Form Property Damage Insurance coverages for as <br /> long as said or similar types of coverages are reasonably available and <br /> in such forms as to provide coverage for lawful claims arising before <br /> or after completion of this PROJECT and as a result of this PROJECT. <br /> Vehicle Insurance: Vehicle Insurance with minimum limits of <br /> liability of not less than $350,000 each occurrence for bodily injury <br /> and property damage combined to afford protection from claims arising <br /> out of the maintenance, operation, or use of any owned, non-owned or <br /> hired vehicles. <br /> Insurance carriers insuring CONSULTANT, its agent, employees, <br /> contractors and subcontractors, in accordance with this AGREEMENT which <br /> are not rated by the most recent edition of Best's Key Rating Guide, <br /> property-Casualty, published by A.M. Best Company, or insurance <br /> carriers having a rating lower than B+XV as shown in the most recent <br /> edition of said book, will not be approved by OWNER unless a guaranty <br /> bonct(s) acceptable to OWNER from a carrier(s) rated B+XV or higher <br /> guaranteeing payment of any and all claims against CONSULTANT, its <br /> agents, employees, contractors and subcontractors, is furnished to <br /> OWNER. <br />
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