Contract – Counseling for Mortgage Foreclosure Prevention - Indiana Housing and Community Development Authority (IHCDA)

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26. Irrlrrrrratirrrr Teelmology Enterprise rclrrtecture llr-ctrrir°crItt Intentionally omitted. 27.1nsuranee. Z. 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 occurrence and $2,000,000 in the aggregate unless additional coverage is required by the IHCDA. The 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. Automobile Liability. Intentionally Omitted. Professional Liability, also known as Errors and Omissions Insurance, for those Contractors required to hold a professional license by the Indiana Professional Licensing Agency with limits not less than $700,000 per cause of action and $2,000,000 per occurrence. This is coverage available to pay for liability arising out of the performance of professional or business related duties, with coverage tailored to the needs of the specific profession. 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. Intentionally Omitted. 5. Valuable Papers coverage. Intentionally Omitted. 6. Surety or Fidelity Bond(s), Intentionally Omitted. 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. AA. 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. Any deductible or self -insured retention amount or other similar obligation under the insurance policies shall be the sole obligation of the Contractor. 10. 11 ICDA will be defended, indemnified and held harmless to the full extent of any coverage actually secured by the Contractor in excess of the minimum requirements set forth above. The duty to indemnify IHCDA under this Contract shall not be limited by the insurance required in this Contract. {00036573-1 } Page 10 of 319