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MOU - Ice Box Expansion Proj No. 123-036 – American Arena, LLC SB Youth Hockey, Inc.
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MOU - Ice Box Expansion Proj No. 123-036 – American Arena, LLC SB Youth Hockey, Inc.
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8/22/2023 2:23:18 PM
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Board of Public Works
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Contracts
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8/22/2023
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120320-ALL <br /> <br />Rev. 10/2020 12 <br /> <br />4. Umbrella Insurance. During the term of this Contract, Vendor will maintain umbrella <br />coverage over Workers’ Compensation, Commercial General Liability, and Commercial <br />Automobile. <br /> Minimum Limits: <br />$2,000,000 <br /> <br />5. Professional/Technical, Errors and Omissions, and/or Miscellaneous Professional <br />Liability. During the term of this Contract, Vendor will maintain coverage for all claims <br />the Vendor may become legally obligated to pay resulting from any actual or alleged <br />negligent act, error, or omission related to Vendor’s professional services required <br />under this Contract. <br /> Minimum Limits: <br />$2,000,000 per claim or event <br />$2,000,000 – annual aggregate <br /> <br />6. Network Security and Privacy Liability Insurance. During the term of this Contract, <br />Vendor will maintain coverage for network security and privacy liability. The coverage <br />may be endorsed on another form of liability coverage or written on a standalone <br />policy. The insurance must cover claims which may arise from failure of Vendor’s <br />security resulting in, but not limited to, computer attacks, unauthorized access, <br />disclosure of not public data – including but not limited to, confidential or private <br />information, transmission of a computer virus, or denial of service. <br /> Minimum limits: <br />$2,000,000 per occurrence <br />$2,000,000 annual aggregate <br /> <br />Failure of Vendor to maintain the required insurance will constitute a material breach entitling <br />Sourcewell to immediately terminate this Contract for default. <br /> <br />B. CERTIFICATES OF INSURANCE. Prior to commencing under this Contract, Vendor must furnish <br />to Sourcewell a certificate of insurance, as evidence of the insurance required under this <br />Contract. Prior to expiration of the policy(ies), renewal certificates must be mailed to <br />Sourcewell, 202 12th Street Northeast, P.O. Box 219, Staples, MN 56479 or sent to the <br />Sourcewell Contract Administrator assigned to this Contract. The certificates must be signed by <br />a person authorized by the insurer(s) to bind coverage on their behalf. <br /> <br />Failure to request certificates of insurance by Sourcewell, or failure of Vendor to provide <br />certificates of insurance, in no way limits or relieves Vendor of its duties and responsibilities in <br />this Contract. <br /> <br />C. ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY <br />INSURANCE CLAUSE. Vendor agrees to list Sourcewell and its Participating Entities, including <br />their officers, agents, and employees, as an additional insured under the Vendor’s commercial <br /> <br />
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