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HomeMy WebLinkAboutItem 06.eJune 21, 2010 Item No. 61— CONTRACT WITH PAN-O-PROG RELATING TO INSURANCE Proposed Action Staff recommends adoption of the following motion: Move to approve the Contract with Pan-O- Proiz relating to insurance. Approval of the Contract will result in the City of Lakeville being named as an Additional Insured on a primary and non-contributory basis, Overview Pan-O-Prog has historically provided a Certificate of Insurance naming the City of Lakeville as an Additional Insured. However, the underwriter will not provide the coverage on a primary and non-contributory basis unless there is a written contract. Hence, the purpose of the Contract. Primary Issues to Consider ➢ Definition of primary and non-contributory. Primary and Non -Contributory Wording means your General Liability policy, or any insurance policy that has this endorsement on it, will pay first in the event of a claim. The Non -Contributory part means that not only will your policy pay first, but it will pay the full amount of the claim until the limits are exhausted without your client contributing to the loss with their own insurance. Supporting Information • Done Denm eller, Finance Director Financial Impact: $ N.A. Budgeted: N.A.. Source: N.A. Related Documents (CIP, ERP, etc.): Notes: Contract Pan-O-Prog The community celebration, Panorama of Progress (Pan-o-Prog) and the Fourth of July pyrotechnics event (hereinafter "Community Celebrations") are intended to celebrate all that the Lakeville community has become since it was founded in 1967. The Pan-o-Prog organization and the City and School District of Lakeville work cooperatively to provide these premier Community Celebrations. As Pan-o-Prog has grown through the years it has added and removed programs and activities. These activities could not occur without a collaborative approach with a good understanding of the resources that the various community organizations bring to bear. As the celebration has grown it has become more complex and requires a clear understanding of the responsibilities and requirements of the organizations involved. Now therefore, in consideration of the City of Lakeville and Independent School District 194 participating in the Community Celebrations, the parties agree as follows: 1. INSURANCE. Comprehensive General Liability. Pan-o-Prog shall obtain the following minimum insurance coverage and maintain it at all times throughout the duration of this Contract. The City of Lakeville and Independent School District 1.94 shall be named as additional insureds on a primary and non- contributory basis on the Comprehensive general liability insurance. Pan-o-Prog shall furnish the City and School District 194 a certificate of insurance satisfactory to the City evidencing the required coverage: Bodily Injury & Property Damage $1,000,000 each occurrence Including contractual liability $1,000,000 aggregate Contractual Liability (identifying the Contract): Bodily Injury & Property Damage $1,000,000 each occurrence $1,000,000 aggregate Comprehensive Automobile Liability (non -owned, and hired): Bodily Injury & Property Damage $1,000,000 CSL 152306v01 Pan -O -frog will be solely responsible for obtaining Certificates of Insurance with the same coverage from all individuals, businesses and organizations participating in the Community Celebrations including but not limited to the following o Food and concession vendors. o Parade participants o Cruise night participants. o All Pan-O-Prog sanctioned events. 2. INDEMNITY. Pan-o-Prog shall indemnify and hold the City of Lakeville and Independent School District 194 and their respective officers, employees, agents and volunteers harmless from any claims, demands and judgments as a result of or connected with the Community Celebrations. In addition, Pan-o- Prog shall reimburse the City and the School District for any cost of reasonable attorney's fees it may incur as a result of any such claims. 3. TERM. This Agreement may be terminated on ninety (90) days' written notice by any party. CITY OF LAKEVILLE INDEPENDENT SCHOOL PAN-O-PROG DISTRICT 294 By: By: By: By: By: By: Dated: Dated: 152306v01 1) Dated: