Reso 2002-413 - Laserfiche WebLink

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Agreement and those of his or her subconsultants or anyone for whom the Design Professional is legally liable. The Owner agrees, to the fullest extent permitted by law, to indemnify and hold the Architect-Engineer harmless from any damage, liability or cost (including reasonable attorneys' fees and costs of defense) to the extent caused by the Owner's negligent acts, errors or omissions and those of his or her contractors, subcontractors or consultants or anyone for whom the Owner is legally liable, and arising from the project that is the subject of this Agreement. The Architect-Engineer is not obligated to indemnify the Owner 10 any manner whatsoever for the Owner's own negligence. The parties agree that ONE HUNDRED DOLLARS ($100.00) represents specific consideration to the Architect-Engineer for the indemnification set forth in this Agreement. The limit of such indemnification shall be $500,000.00. The Architect-Engineer hereby acknowledges receipt of ONE HUNDRED DOLLARS ($100.00) and other good and valuable consideration from the Owner in exchange for giving the Owner the indemnification provided herein. 16.8 Insurance Requirements: The Architect-Engineer shall maintain during the terms, except as noted, of this Agreement the following insurance: A. Professional Liability Insurance in the amount of $1,000,000.00, with deductible per claim not to exceed $100,000.00, which shall be the limit of liability providing for all sums which the Architect-Engineer shall become legally obligated to pay as damages for claims arising out of the services performed by the Architect-Engineer or any person employed by him in connection with this Agreement. This insurance shall be maintained for three years after completion of the construction and acceptance of any WORK covered by this Agreement. However, the Architect-Engineer may purchase Specific Project Architect's/Engineer's Professional Liability Insurance which is also acceptable. B. Comprehensive general liability insurance with broad form endorsement, including automobile liability, completed operations and products liability, contractual liability, severability of interests with cross liability provision, and personal injury and property damage liability with limits of $300,000.00 combined single limit per occurrence for bodily injury and property damage. Said policy or policies shall name Owner as additional insured and shall reflect the hold harmless provision contained herein. Attny/Final ,\grcemmt Between SIB and Spillis Candcla/2/25/02 /(eb) 19