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HomeMy WebLinkAboutRESOLUTION NO. 02-03-12-5 RESOLUTION 02-03-12-5 CONTRACTOR'S INSURANCE REQUIREMENTS WHEREAS,the City of Fairfax,Iowa is setting policy to follow the Iowa Association of Municipal Utilities Contractor's Insurance Requirements, NOW THEREFORE DE IT RESOLVED,by the City Council of Fairfax, Iowa that the Mayor and the City Clerk are hereby authorized and directed to execute said Resolution. Passed and Approved on March 12,2002 by the following vote. AYE ,' NAY ABSENT' Bill Voss,Mayor ATTEST: +MaPachjC'ity Clerk IOWA ASSOCIATION OF MUNICIPAL UTILITIES CONTRACTOR'S INSURANCE REQUIREMENTS A. The Contractor shall purchase and maintain such insurance as will protect the Contractor, from claims set forth below which may arise out of or result from the Contractor's operations under the contract, whether such operations be by the Contractor or by any subcontractor or by anyone directly or indirectly employed by any of them, or by anyone for whose acts any of them may be liable: A. Claims under, Workers' Compensation, disability benefit, and other similar employee benefit acts; B. Claims for damages because of bodily injury, occupational sickness or disease, or death of the Contractor's employee; C. Claims for damages because of bodily injury, sickness or disease, or death of anyperson other than the Contractor's employee. B. The insurance to be maintained by Contractor shall be written as follows: _ 1 . Workers" Compensation and Employers Liability Insurance as prescribed by Iowa law minimum limits shown below covering Employers Liability: Bodily Injury by accident $500,000 each accident odliily Injury by disease $500,000 each accident. Bodiily Injury by disease $500,000 policy limit 2. Commercial General Liability Insurance Combined Single Limits shown below covering Bodily Injury, (Property Damage and Personal' (Injury: General Aggregate Limit $2,000,000 Products-Completed Operations Aggregate Limit $2,000,000 Page two Personal and Advertising Injury Limit $1 ,000,000 Each Occurrence Limit $1 ,000,000 Fire Damage Limit (for any one fire) $ 50,000 MedicalDamage Limit (any one person) $ 51000 This insurance must include the following features: a. Coverage for all premises and operations. The policy shall be endorsed to provide the Aggregate Per Project Endorsement. b. Personal and Advertising Injury. c. Operations by independent contractors. d. Contractual Liability coverage. e. Coverage for property damage underground or damaged by explosion or collapse (XCU). 3. Automobile Liability insurance, covering all owned, non-owned, hired and Ileased vehicles with a minimum combined single limit for Bodily Injury and Property Damage of $1 ,000,000 per accident. Insurance must include Contractual Liability. 4. Umbrella/Excess Insurance — At Contractor's option, the limits specified iin may be satisfied with a coirnbination of primary and Umbrellal"Excess Insurance. 5. Additional Insured — The Contractor will include the (City/Utility') as additional insured all policies except Workers' Compensation as respects all work performed for the jurisdiction.. Page three 6. Insurance Certificates - Each policy rooted above shall be issued by an insurance company authorized to write such insurance in the State of Iowa and shall be reasonably acceptable to City. These insurance policies shall not be canceled without at least 10 days prior written notice to City. A properly executed Certificate of Insurance showing evidence of these insurance Requirements shall be delivered to City prior to the commencement of this lease. 7. The company and the insured expressly agree and state that the purchase of this policy of insurance by the. insured does not waive any of the defenses of governmental immunity available to the insured under Iowa Code Section 670.4 as it now exists and as it may be amended from time to time. The company and the insured further agree that this policy of Insurance shall cover only these claims not subject to the defense of governmental immunity under Iowa Code Section Section 670.4 as it now exists and as it may be amended from time to time. C. Subrogation: To the extent that such insurance is in force and collectible and to the extent permitted by law, City and Contractor each hereby releases and waives all -right of recovery against the other or anyone claiming through or under each of them by way of subrogation or otherwise. The foregoing release and waiver shall apply to damage to contractor's equipment, tools, and other personal property as well as automobiles.