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<br /> <br />Page 10 of 16 <br /> <br /> <br />A. Worker’s Compensation Statutory <br />B. Employer’s Liability $500,000 <br />C. Comprehensive General Liability $1,000,000 per occurrence <br /> $2,000,000 aggregate <br />D. Automobile Liability (owned and non-owned) <br /> i. Bodily Injury $1,000,000 per occurrence <br /> ii. Property Damage Liability $2,000,000 per occurrence <br />E. Excess/Umbrella $500,000 per occurrence <br /> <br /> The City, its elected and appointed officials and employees, shall be included as additional insured parties under the CGL, <br />Automobile and Excess/Umbrella coverages. Prior to commencement of the Collection Services, Company shall deliver to City <br />certificate(s) of insurance evidencing the required coverages. The certificate(s) shall require at least ten days’ notice to the City before <br />cancellation of any such Company policy. <br />Performance Bond. The Company shall provide a performance bond in the case of the Company's failure to perform contracted services. The <br />performance bond shall be for a minimum of $30,000 (annual amount, equating to 25% of revenues on an annualized basis ). The responsibility <br />for renewal is the responsibility of the Company. The performance bond shall be executed by a corporate surety company author ized to do <br />business in the State of Minnesota. This Agreement shall be subject to termination by the City at any time if the performance bond shall be <br />canceled for whatever reason. <br />13. MISCELLANEOUS PROVISIONS. <br />a. This Agreement shall be binding on and shall inure to the benefit of the Parties hereto and their respective successors and <br />assigns. <br />b. This Agreement shall be construed in accordance with the law of the state in which the Collection Services are provided. <br />c. All written notification required by this Agreement shall be effective upon receipt and delivered by Certified Mail, Return <br />Receipt Requested, overnight delivery by a nationally-recognized overnight delivery service, or by hand delivery to the Party’s address <br />below: <br /> <br /> If to Company: __________________________ <br /> __________________________ <br /> Attn: _____________________ <br /> <br /> If to City: __________________________ <br /> __________________________ <br /> Attn: _____________________ <br /> <br />d. If any provision of this Agreement is declared invalid or unenforceable, then such provision shall be severed from and <br />shall not affect the remainder of this Agreement; however, the Parties shall amend this Agreement to give effect, to the maximum extent <br />allowed, to the intent and meaning of the severed provision. <br />e. In the event either Party successfully enforces its rights against the other hereunder, the other Party shall be required to <br />pay the prevailing Party’s attorneys' fees and court costs.