General Insurance Matters. All insurance coverage required under this Agreement shall: 11.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor shall be required to procure insurance from another insurer. 11.5.2 Except for professional liability policies, all insurance required by this Article shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents. 11.5.3 Contractor shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy. 11.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory. 11.5.5 At all times while this Agreement remains in effect, Contractor shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy. 11.5.6 If Contractor fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the Contractor’s expense and deduct the premium from any fees or reimbursable expenses subsequently invoiced by Contractor. 11.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor agrees that, at the option of the District, it will either: (A) arrange for the insurer to reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
Appears in 2 contracts
Samples: Pre Construction Services Agreement, Pre Construction Services Agreement
General Insurance Matters. All insurance coverage required under this Agreement shall:
11.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor shall be required to procure insurance from another insurer.
11.5.2 Except for professional liability policies, all insurance required by this Article shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.
11.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 At all times while this Agreement remains in effect, Contractor shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy.
11.5.6 If Contractor fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the Contractor’s expense and deduct the premium from any fees or reimbursable expenses subsequently invoiced by Contractor.
11.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor agrees that, at the option of the District, it will either: (A) arrange for the insurer to reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.twenty
Appears in 2 contracts
Samples: Pre Construction Services Agreement, Pre Construction Services Agreement
General Insurance Matters. All insurance coverage required under this Agreement shall:
11.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor shall be required to procure insurance from another insurer.
11.5.2 Except for professional liability policies, all insurance required by this Article shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.
11.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 At all times while this Agreement remains in effect, Contractor shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy.
11.5.6 If Contractor fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the Contractor’s expense and deduct the premium from any fees or reimbursable expenses Reimbursable Expenses subsequently invoiced by Contractor.
11.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor agrees that, at the option of the District, it will either: (A) arrange for the insurer to reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
Appears in 2 contracts
Samples: Pre Construction Services Agreement, Pre Construction Services Agreement
General Insurance Matters. All insurance coverage required under this Agreement shall:Agreement
11.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor shall be required to procure insurance from another insurer.
11.5.2 Except for professional liability policies, all insurance required by this Article shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.
11.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 At all times while this Agreement remains in effect, Contractor shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy.
11.5.6 If Contractor fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the Contractor’s expense and deduct the premium from any fees or reimbursable expenses Reimbursable Expenses subsequently invoiced by Contractor.
11.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor agrees that, at the option of the District, it will either: (A) arrange for the insurer to reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
Appears in 1 contract
Samples: Pre Construction Services Agreement
General Insurance Matters. All of Architect's insurance coverage required under this Agreement shall:
11.5.1 .1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:: VII as rated in the most recent edition of Best’s 's Insurance Reports. Contractor Architect shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:: VII. At the option of the District, either 1) the District can accept the lower rating; or 2) Contractor the Architect shall be required to procure insurance from another insurer.
11.5.2 Except for professional liability policies.2 Contain an endorsement or certificate executed by the insurance company, all insurance required requiring thirty (30) days written notice by this Article shall contain standard separation of insureds provisions. In additioncertified mail, such insurance shall not contain any special limitations on the scope of protection afforded return receipt requested has been given to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor District from the insurance company to both parties before cancellation or termination. Architect shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.any
11.5.4 Except for professional liability policies for which primary coverage is not available, all .3 All such insurance shall be primary insurance. Any insurance and any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 At all times while .4 Prior to commencing any work required under this Agreement remains in effect, Contractor Architect shall maintain on file furnish District with the District valid and up to date certificates of insurance showing that maintenance of the required insurance coverage. Original endorsements affecting general liability and automobile liability coverage is in effect in not less than the required amountsshall be provided. If not contained on the face of the policy, The endorsements are to be signed by a person authorized by the that insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy carried by Architect shall be deposited with the District within twenty-one (21) Days days of execution of this Agreement and prior to the commencement of Servicesservices, and on renewal of the policy, not less than twenty (20) Days days before the expiration of the term of the policy.
11.5.6 . If Contractor Architect fails to provide or maintain the required insurance, the District may, at may in its sole and absolute discretion, discretion obtain such insurance at the ContractorArchitect’s expense and deduct withhold the premium cost of any such insurance plus a 10% administrative fee from any fees or reimbursable expenses subsequently invoiced by Contractoramounts due and owing to Architect under this Agreement.
11.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor agrees that, at the option of the District, it will either: (A) arrange for the insurer to reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
Appears in 1 contract
General Insurance Matters. All insurance coverage required under this Agreement shall:
11.5.1 11.7.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor Architect shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor Construction Manager shall be required to procure insurance from another insurer.
11.5.2 11.7.5.2 Except for professional liability policies, all insurance required by this Article Section shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor 11.7.5.3 Construction Manager shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.
11.5.4 11.7.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 11.7.5.5 At all times while this Agreement remains in effect, Contractor Construction Manager shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy.the
11.5.6 11.7.5.6 If Contractor Construction Manager fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the ContractorConstruction Manager’s expense and deduct the premium from any fees or reimbursable expenses subsequently invoiced by ContractorConstruction Manager.
11.5.7 11.7.5.7 Any deductibles or self-insured retentions in excess of $100,000 must be declared to the District and must be reduced to a level deemed acceptable by the District in writing. Contractor Construction Manager agrees that, at the option of the District, it will either: (A) arrange for the insurer to shall reduce or eliminate such deductibles or self-insured retentions with respect to the District, its directors, officials, officers, employees and agents; or (B) procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
Appears in 1 contract
Samples: Construction Management Agreement
