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  2. Finance Committee - Agenda - 5/4/2022 - P137

Finance Committee - Agenda - 5/4/2022 - P137

By dnadmin on Sun, 11/06/2022 - 21:42
Document Date
Fri, 04/29/2022 - 14:39
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/04/2022 - 00:00
Page Number
137
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__050420…

11. INSURANCE DesignLAB shall carry and maintain in effect during the performance of
services under this contract:

<> General Liability insurance in the amount of $1,000,000 per occurrence;
$2,000,000 aggregate;
$1,000, 000 Combined ae Limit it Automobile Llabulty:

$1,000, 000 Profession Liability; —
and Workers’ Compensation Coverage in compliance with the State of New
Hampshire statutes, $100,000/$500,000/$100,000.

GG @

DesignLAB shall maintain in effect at all times during the performance under this contract
all specified insurance coverage with insurers. None of the requirements as to types and
limits to be maintained by DesignLAB are intended to and shall not in any manner limit
or qualify the liabilities and obligations assumed by DesignLAB under this contract. The
City of Nashua shall not maintain any insurance on behalf of DesignLAB. DesignLAB
shall require Subcontractors to carry appropriate and lawful amounts of insurance for the
services they are providing. DesignLAB will ensure compliance with this section and shall
receive valid certificates of insurance from all Subcontractors as proof that coverage is in
place..

DesignLAB will provide the City of Nashua with certificates of insurance for coverage as
listed below and endorsements affecting coverage required by the contract within ten
calendar days after the City of Nashua issues the notice of award. The City of Nashua
requires thirty days written notice of cancellation or material change in coverage. The
certificates and endorsements for each insurance policy must be signed by a person
authorized by the insurer and who is licensed by the State of New Hampshire. General

ae dane . . Nas} iditional
insured and reflect on the certificate of insurance. DesignLAB is responsible for
filing updated certificates of insurance with the City of Nashua's Risk Management
Department during the life of the contract.

€> All deductibles and self-insured retentions shall be fully disclosed inthe
certificate(s) of insurance.
<> If aggregate limits of less than $2,000,000 are imposed on bodily injuryand

property damage, DesignLAB must maintain umbrella liability insurance of
at least $1,000,000. All aggregates must be fully disclosed on the required
certificate of insurance.

«The specified insurance requirements do not relieve DesignLAB of its
responsibilities or limit the amount of its liability to the City of Nashua or other
persons, and DesignLAB is encouraged to purchase such additional insurance,
as it deems necessary.

€ The insurance provided herein is primary, and no insurance held or owned bythe
City of Nashua shall be called upon to contribute to a loss.

€ DesignLAB is responsible for and required to remedy all damage or loss to any
property, including property of the City of Nashua, caused in whole or part

GC 7 of 13

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Finance Committee - Agenda - 5/4/2022 - P137

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