Agenda - Council Work Session - 06/30/2009

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Failure to meet any or all of the requirements of this section may result in termination of the. contract at any time, as per the conditions' specified for . contract termination. Insurance The successful Contractor shall not commence work under the contract until the specified insurance coverages have been obtained. The Contractor shall file, within seven (7) days following notification of proposal selection, with the Ramsey City Clerk, all certificates of insurance or documentation thereof indicating that all specific insurance has been obtained and is in full force. The City of Ramsey shall be named as an additional insured on said comprehensive general liability policy. The following coverage's are required as minimums: A. 1. . Public Liability Insurance: $1,000,000 Comprehensive . General Liability (including assault) 2. Business Auto Policy with all coverage's {all vehicles) with $1,000,000 limits. 3. Garage Keepers Legal Liability. '8. Workers' Compensation Insurance covering all employees of the ' . Contractor, or hislher agents, working under this contract in accordance with the Minnesota Workers' Compensation Law. The Contractor shall agree to provide to the Ramsey City Clerk,' thirty (30) days prior written notice in the'event any policy is canceled or a material change is effected and each policy must contain a provision that the insurer notifY the Ramsey City Clerk immediately if a policy is cancel~d or a material change has been effected. . Performance Bond . On . or before .the date that the contract between the City and the towing service becomes effective, the Contractor shall file with the Ramsey City Clerk an acceptable Corporate surety .bond in the amount of $10,000, payable to the City of Ramsey and subject to the approval by the Ramsey City Attorney for the . faithful performance of all duties and obligations imposed under the terms and conditions of the contract.' .