Agenda - Council - 01/23/2024 - Laserfiche WebLink

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deemed as a limitation on Contractor's liability under the indemnities granted to Anoka County in this Contract. 1.4.5 Failure of Anoka County to demand such certification or other evidence of full compliance with these insurance requirements or failure of Anoka County to identify deficiency from evidence that is provided will not be construed as a waiver of Contractor's obligation to maintain such insurance. 1.4.6 Failure to maintain the required insurance may result in termination of this Contract at Anoka County option. 1.4.7 If Licensee fails to maintain the insurance as set forth in this requirement, Anoka County shall have right, but not obligation, to purchase said insurance ant Licensee's expense. 1.4.8 Contractor will provide certified copies of all insurance policies required herein within 10 days of Anoka County's written request for said copies. 1.4.9 Cross-Liability coverage. If Contractor's liability does not contain the standard ISO separation of insured provision, or a substantially similar clause, they shall be endorsed to provide cross-liability coverage. 1.4.10 Acceptability of Insurers. Anoka County reserves the right to reject any insurance carriers that are rated less than: A.M. Best rating of A: IV. 1.4.11 Deductibles and Self-Insured Retention. Any deductibles or self-insured retention must be declared to and approved by the County. At the option of the County, either: the insurer will reduce or eliminate such deductibles or self- insured retention as respects Anoka County, agents, officers, directors, and employees; or Licensee will procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses; or the Licensee will provide County-requested financial statements for the purpose of verifying financial solvency, and acceptance of deductibles or self-insured retention based on this verification.