SELECTRON TECHNOLOGIES, INC. - Laserfiche WebLink

109738\153265\46611157.8 $33,896, per fiscal year as described in Exhibit A and a 15% contingency of $25,421 has been included for any unforeseen circumstances and related extra work as determined necessary by the City. Payment of such contingency funds is not guaranteed to Selectron unless the City requests such extra services. 12.18 Indemnification. Selectron shall defend, indemnify, and hold harmless, the City and its officers, agents and employees from and against all claims, losses, damage, injury, and liability for damages incurred as a result of third party claims arising from, or alleged to have arisen from, the gross negligence or intentional misconduct of Selectron in the performance of its services under this Agreement, regardless of whether the City has reviewed or approved the work or services which has given rise to the claim, loss, damage, injury or liability for damages. This indemnification shall extend for claims asserted within six (6) months after the expiration or termination of this Agreement as well as during the period of actual performance of services under this Agreement. The City’s acceptance of the insurance certificates required under this Agreement does not relieve the Selectron from its obligation under this paragraph. 12.19 City of Pleasanton Insurance Requirements. During the Term, Selectron shall maintain in full force and effect, at its own cost and expense, the insurance coverages required in this Section 12.19 with insurers with an A.M. Best’s rating of no less than A:VII. Selectron shall have the obligation to furnish Licensee, as an additional insured, the minimum coverages identified below: 12.19.1 General Liability and Bodily Injury Insurance. Commercial general liability insurance with limits of at least $2,000,000 combined limit for bodily injury and property damage that provides that the Licensee, its officers, employees and agents are named as additional insureds under the policy as evidenced by an additional insured endorsement. The policy shall state in writing either on the Certificate of Insurance or attached rider that this insurance will operate as primary insurance for work performed by Selectron and its subcontractors, and that no other insurance effected by Licensee or other named insured will be called on to cover a loss up to the policy limits. 12.19.2 Automobile Liability Insurance. Automobile liability insurance with limits not less than $1,000,000 per person/per occurrence. 12.19.3 Workers’ Compensation Insurance. Workers’ Compensation Insurance for all of Selectron’s employees, in strict compliance with state laws, including a waiver of subrogation and Employer’s Liability Insurance with limits of at least $1,000,000. 12.19.4 Professional Liability Insurance. Professional liability insurance with limits of at least $2,000,000. 12.19.5 Cyber Security Cyber Security Insurance limits of at least 2,000,000. 12.19.6 Certificate of Insurance. Selectron shall provide Licensee with certificates of insurance prior to Licensee’s execution of this Agreement, and prior to engaging in any operation or activity set forth in this Agreement. The certificates of insurance shall provide in writing that the insurance afforded by the certificate shall not be suspended, voided, canceled, reduced in coverage or in limits without providing notice to Licensee in accordance with California Insurance Code section 677.2 which requires the notice of cancellation to: 1) include the effective date of the cancellation; 2) include the reasons for the cancellation; and 3) be given at least 30 days prior to the effective date of the cancellation, except that in the case of cancellation for nonpayment of premiums or for fraud, the notice shall be given no less than 10 days prior to the effective date of the cancellation. Notice shall be sent by certified mail, return receipt requested. Licensee reserves the right to require complete certified copies of policies. 12.19.7 Subcontractors. Selectron shall include all subcontractors as insured under its policies or shall furnish separate certificates and endorsements for each subcontractor. All coverages for subcontractors shall be subject to all of the requirements stated in this Agreement, including but not limited naming additional insureds. Docusign Envelope ID: 387D777D-8080-8C8A-81D9-2D8903B7172D