What does the Contractor need to ensure during the term of the agreement regarding insurance?

The need for continuity without any lapses in coverage is critical for a Contractor under the terms of the agreement. Insurance serves as a vital safeguard against potential liabilities that could arise during the term of an agreement. If a Contractor allows their insurance coverage to lapse, they expose both themselves and the City to possible risks and financial consequences that could arise from unforeseen incidents.

By ensuring continuous coverage, the Contractor upholds a level of protection that fulfills their obligations under the agreement, mitigates risks, and maintains compliance with any regulations or requirements set forth by the City. This commitment also reflects professionalism and a dedication to managing potential risks throughout the entire duration of the contract, rather than just in the initial stages.

In contrast, options that suggest limited coverage periods, only meeting minimum requirements, or considering only multiple insurance options do not adequately address the need for ongoing and reliable coverage that ensures both parties are protected throughout the entire agreement.