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  2. Finance Committee - Agenda - 10/3/2018 - P127

Finance Committee - Agenda - 10/3/2018 - P127

By dnadmin on Mon, 11/07/2022 - 11:27
Document Date
Fri, 09/28/2018 - 14:44
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 10/03/2018 - 00:00
Page Number
127
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__100320…

limit or qualify the liabilities and obligations assumed CONTRACTOR under this
contract. OWNER shall not maintain any insurance on behalf of CONTRACTOR.
Subcontractors are subject to the same insurance requirements as CONTRACTOR and it shall
be CONTRACTOR’s responsibility to ensure compliance of this requirement.

CONTRACTOR will provide the OWNER with certificates of insurance for coverage as
listed below and endorsements affecting coverage required by the contract within ten calendar
days after the OWNER issues the notice of award. The OWNER 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 Liability and Auto Liability policies must name
the OWNER as an additional imsured and reflect on the certificate of
insurance. CONTRACTOR is responsible for filing updated certificates of insurance with the
OWNER's Risk Management Department during the life of the contract.

> All deductibles and self-insured retentions shall be fully disclosed in the certificate(s) of
insurance.

> If aggregate limits of less than $2,000,000 are imposed on bodily injury and property damage,
CONTRACTOR must maintain umbrella liability insurance of at least $1,000,000. AII
aggregates must be fully disclosed on the required certificate of insurance.

>» The specified insurance requirements do not relieve CONTRACTOR of its responsibilities or
limit the amount of its liability to the OWNER or other persons, and CONTRACTOR is
encouraged to purchase such additional insurance, as it deems necessary.

» The insurance provided herein is primary, and no insurance held or owned by the OWNER
shall be cailed upon to contribute to a loss.

>» CONTRACTOR is responsible for and required to remedy all damage or loss to any property,
including property of the OWNER, caused in whole or part by CONTRACTOR or anyone
employed, directed, or supervised by CONTRACTOR.

Regardless of any coverage provided by any insurance, CONTRACTOR agrees to indemnify and
shall defend and hold harmless the OWNER, its agents, officials, employees and authorized
representatives and their employees from and against any and all suits, causes of action, legal or
administrative proceedings, arbitrations, claims, demands, damages, liabilities, interest, attorney’s
fees, costs and expenses of any kind or nature in any manner caused, occasioned, or contributed to
in whole or in part by reason of any negligent act, omission, or fault or willful misconduct,
whether active or passive, of CONTRACTOR or of anyone acting under its direction or control or
on its behalf in connection with or incidental to the performance of this contract.
CONTRACTOR’s indemnity, defense and hold harmless obligations, or portions thereof, shall
not apply to liability caused by the sole negligence or willful misconduct of the party indemnified
or held harmless.

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Finance Committee - Agenda - 10/3/2018 - P127

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