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Res 2002-091
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Res 2002-091
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Last modified
6/26/2006 1:56:43 PM
Creation date
6/26/2006 1:56:19 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2002-91
Date
5/13/2002
Volume Book
147
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<br />. PLMfUBRAINAGE INS. 02/16/01 <br />. Form Approved, AVP-Law <br /> <br />gther Requirements <br /> <br />E Punitive damage exclusion must be deleted, which deletion shall be indicated on the certificate of insurance. <br /> <br />F. Licensee agrees to waive its right of recovery, and its insurers, through policy endorsement, agree to waive their right of <br />subrogation against Licensor. Licensee further waives its right of recovery, and its insurers also waive their right of subrogation against <br />Licensor for loss of its owned or leased property or property under its care, custody and control. Licensee's insurance shall be primary <br />with respect to any insurance carried by Licensor. All waivers of subrogation shall be indicated on the certificate of insurance. <br /> <br />G. All policy(ies) required above (excluding Workers Compensation) shall provide severability of interests and shall name Licensor as <br />an additional insured. Severability of interest and naming Licensor as additional insured shall be indicated on the certificate of <br />insurance. <br /> <br />H. Prior to commencing the Work, Licensee shall furnish to Licensor original certificate(s) of insurance evidencing the required <br />coverage, endorsements, and amendments. The certificate(s) shall contain a provision that obligates the insurance company(ies) <br />issuing such policy(ies) to notify Licensor in writing of any cancellation or material alteration. Upon request from Licensor, a certified <br />duplicate original of any required policy shall be furnished. <br /> <br />I. Any insurance policy shall be written by a reputable insurance company acceptable to Licensor or with a current Best's Insurance <br />Guide Rating of A- and Class VII or better, and authorized to do business in the state(s) in which the service is to be provided. <br /> <br />J. Licensee WARRANTS that this Agreement has been thoroughly reviewed by Licensee's insurance agent(s)/broker(s), who have <br />been instructed by Licensee to procure the insurance coverage required by this Agreement and acknowledges that Licensee's <br />insurance coverage will be primary. <br /> <br />I< The fact that insurance is obtained by Licensee or Licensor on behalf of Licensee shall not be deemed to release or diminish the <br />Ii jty of Licensee, including, without limitation, liability under the indemnity provisions of this Agreement. Damages recoverable by <br />L lsor shall not be limited by the amount of the required insurance coverage. <br /> <br />Page 2 of 2 <br />
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