Contract – Counseling for Hardest Hit Funds Related to Housing Delinquency and Default - Indiana Housing and Community Development Authority (IHCDA)

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26. Information Technology Enterprise Architecture Requirement. Intentionally omitted. 27. Insurance. A. The Contractor and their subcontractors (if any) shall secure and keep in force during the Term of this Contract the following insurance coverages (if applicable) covering the Contractor for any and all claims of any nature which may in any manner arise out of or result from Contractor's performance under this Contract: 1, Commercial general liability, including contractual coverage, and products or completed operations coverage (if applicable), with minimum liability limits not less than $700,000 per person and $2,000,000 per occurrence unless additional coverage is required by IHCDA. IHCDA is to be named as an additional insured on a primary, non-contributory basis for any liability arising directly or indirectly under or in connection with this Contract. 2. Intentionally Omitted, 3. Errors and Omissions liability with minimum liability limits of $1,000,000 per claim and in the aggregate. Coverage for the benefit of the IHCDA shall continue for a period of two (2) years after the date of service provided under this Contract. 4. Fiduciary Liability is required if the Contractor is responsible for the management and oversight of various employee benefit plans and programs such as pensions, profit-sharing and savings, among others. These contractors face potential claims for mismanagement brought by plan members. Limits should be no less than $700,000 per cause of action and $2,000,000 per occurrence. 5. Valuable Papers coverage, available under an Inland Marine policy, is required when any plans, drawings, media, data, records, reports, billings and other documents are produced or used under this agreement. Insurance must have limits sufficient to pay for the re-creation and reconstruction of such records. 6. The Contractor shall secure the appropriate Surety or Fidelity Bond(s) as required by State or by applicable statute. 7. The Contractor shall provide proof of such insurance coverage by tendering to the undersigned IHCDA representative a certificate of insurance upon request and proof of workers' compensation coverage meeting all statutory requirements of IC §22-3-2, upon request. In addition, proof of an "all States endorsement" covering claims occurring outside the State is required if any of the services provided under this Contract involve work outside of Indiana. B. The Contractor's insurance coverage must meet the following additional requirements: 8. The insurer must have a certificate of authority or other appropriate authorization to operate in the State in which the policy was issued. 9. Any deductible or self -insured retention amount or other similar obligation under the insurance policies shall be the sole obligation of the Contractor.