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Beacon Economics, LLC - 2024-10-03
PROFESSIONAL SERVICES CONTRACT BETWEEN THE CITY OF HUNTINGTON BEACH AND BEACON ECONOMICS,LLC FOR ECONOMIC IMPACTANALYSIS OF 2024 PACIFIC AIRSI:IOW' THIS AGREEMENT("Agreement")is made and entered into by and between the City of Huntington Beach, a municipal corporation of the State of California, hereinafter referred to as "CITY,"and.BEACON ECONOMICS,LLC hereinafter referred to as "CONSULTANT." WHEREAS; CITY desires to engage the services of.a consultant to provide an Economic Impact Analysis of the 2024 Pacific Airshow; and Pursuant to documentation on file in the office of the City Clerk, the provisions of the Huntington Beach Municipal Code, Chapter 3.03, relating to procurement of professional service contracts,have been complied with; and CONSULTANT has been selected to perform these services, NOW,THEREFORE,it is agreed by CITY and CONSULTANT as follows: 1. SCOPE OF SERVICES CONSULTANT shall provide all services as described in Exhibit "A," which is attached hereto and incorporated into this Agreement by this reference. These services shall sometimes hereinafter be referred to as.the "PROJECT." CONSULTANT hereby designates Sherif Hanna who shall represent it and be its sole contact and agent in all consultations with CITY during the performance of this Agreement. 2. CITY STAFF ASSISTANCE: CITY shall assign a staff coordinator to work directly with CONSULTANT in the performance of this Agreement. 24-15367/354619. 1 of 12 3. TERM; TIME OF PERFORMANCE Time is of the essence of this Agreement. The services of CONSULTANT are to commence on a A9— 20 2,14 (the "Commencement Date"). This Agreement shall automatically terminate three (3) years from the Commencement Date, unless extended or sooner terminated as provided herein. All tasks specified in Exhibit "A" shall be completed no later than one (1) year from the Commencement Date. The time for performance of the tasks identified.in Exhibit "A" are generally to be shown in Exhibit "A." This schedule may be amended to benefit the PROJECT if mutually agreed to in writing.by CITY and CONSULTANT. In the event the Commencement Date precedes the Effective Date,CONSULTANT shall be bound by all terms and conditions as provided herein. 4. COMPENSATION In consideration of the performance of the services described herein, CITY agrees to pay CONSULTANT on a time and materials basis at the rates specified in Exhibit"B,"which is-attached:hereto and incorporated by reference into this Agreement, a fee, including all costs and expenses,not to exceed Twenty-Seven Thousand Eight Hundred Dollars($27,800). 5. EXTRA WORK In the event CITY requires additional. services not included in Exhibit "A" or changes in the scope of services described in Exhibit "A," CONSULTANT will undertake such work only after receiving written authorization from-CITY. Additional compensation for such extra work shall be allowed only if the prior written approval of CITY is obtained. 6. METHOD OF PAYMENT CONSULTANT shall be paid pursuant to the terms of Exhibit"B." 24-15367/354619 2 of 12 7. DISPOSITION OF.PLANS,ESTIMATES AND OTHER DOCUMENTS CONSULTANT agrees, that title to all materials prepared hereunder, including, without limitation, all original drawings, designs, reports, both field and office notices, calculations, computer code, language, data or programs, maps, memoranda, letters and other documents, shall belong to CITY, and CONSULTANT shall turn these materials over to CITY upon expiration or termination of this Agreement or upon PROJECT completion,whichever shall occur first. These materials may be used by CITY as it sees fit. 8. HOLD HARMLESS A. CONSULTANT hereby agrees to protect, defend, indemnify and hold harmless CITY,its officers,elected or appointed officials,employees,agents and volunteers from and against any and all,claims,damages, losses, expenses,judgments, demands and defense costs (including, without limitation, costs and fees of litigation of every nature or liability of any kind or nature) arising out of or in connection with CONSULTANT's (or CONSULTANT's subcontractors,if any)negligent(or alleged negligent)performance of this Agreement or its failure to comply with any of its obligations contained in this Agreement by CONSULTANT,its officers, agents or employees except such loss or damage which was caused by the sole negligence:or willful misconduct of CITY. CONSULTANT will conduct all defense at its sole cost and expense and CITY shall approve selection of CONSULTANT's counsel. This indemnity shall apply to all claims and liability regardless of whether any insurance policies are applicable. The policy limits do not act as limitation upon the amount of indemnification to be provided by CONSULTANT. B. To the extent that CONSULTANT performs"Design Professional Services"within the meaning of Civil Code Section 2782.8,then the following Hold Harmless provision applies in place of subsection A above: 24-15367/354619 3 of 12 "CONSULTANT.hereby agrees to protect, defend, indemnify and hold harmless CITY and its officers,elected or appointed officials, employees,.agents and volunteers, from and against any and all claims, damages, losses, expenses, demands and defense costs (including, without limitation, costs and fees of litigation of every nature or liability of any kind or nature)to the extent that the claims against CONSULTANT arise out of, pertain to, or relate to. the negligence, recklessness, or willful misconduct of CONSULTANT. In no event shall the cost to defend charged to CONSULTANT exceed CONSULTANT's proportionate percentage of fault. However,notwithstanding the previous sentence, in the event one or more other defendants to the claims and/or litigation is unable to pay its share of defense costs due to bankruptcy or dissolution of the business,CONSULTANT shall meet and confer with CITY and other defendants regarding unpaid defense costs. The duty to indemnify,including the duty and the costto defend, is limited as provided in California'Civil Code Section 2782.8. C. Regardless of whether subparagraph A or B applies, CITY shall be reimbursed by CONSULTANT for all costs and attorney's fees incurred by CITY.in,enforcing this obligation. This indemnity shall apply to all claims and liability regardless of whether any insurance policies are applicable. The policy limits do not act as a limitation upon the amount of indemnification to be provided by CONSULTANT. 9. PROFESSIONAL LIABILITY:INSURANCE CONSULTANT shall obtain and furnish to CITY a professional liability insurance policy covering the work performed by it hereunder. This policy shall provide coverage for CONSULTANT's professional liability in an .amount -not less than One Million. Dollars ($1,000,000.00)per occurrence and in the aggregate. The above-mentioned insurance shall not contain a self-insured retention without the express written consent of CITY;however an insurance 24-15367/354619 4 of 12 policy "deductible" of Ten:Thousand Dollars($10,000.00) or less is permitted; A claims-made policy shall be acceptable if the policy further provides that: A. The policy retroactive date coincides with or precedes the initiation of the scope of work (including subsequent policies purchased as renewals or replacements). B. CONSULTANT shall notify CITY of circumstances or incidents that might give rise to future claims. CONSULTANT will make every effort to maintain similar insurance during the required extended period of coverage following PROJECT completion. If insurance is terminated for any reason,.CONSULTANT agrees to purchase an extended reporting provision of at least two (2)years to report claims arising from work performed in connection with this Agreement. If CONSULTANT fails or refuses to produce or maintain the insurance required by this section or fails or refuses to furnish the CITY with required proof that insurance has been procured arid is in force and paid for,the CITY shall have the right, at the CITY's election,to forthwith terminate this Agreement. Such termination shall not affect Consultant's right to be paid for its time and materials expended prior to notification of termination. CONSULTANT waives the right to receive compensation and agrees to indemnify the CITY for any work performed prior to approval of insurance by the CITY. 10. CERTIFICATE OF INSURANCE Prior to commencing performance of the work hereunder, CONSULTANT shall furnish to CITY a certificate of insurance subject to approval of the City Attorney evidencing the foregoing insurance coverage as required by"this.Agreement;,the certificate shall: A. provide the name and policy number of each carrier and policy; 24-15367/354619 5 of 12 B. state that the policy is currently in force; and C. shall promise that such policy shall not be suspended, voided or canceled by either party,reduced in coverage or in limits except after thirty(30)days' prior written notice;however,ten(10)days'prior written notice in the event of cancellation for nonpayment of premium. CONSULTANT shall maintain the foregoing insurance coverage in force until the work under this Agreement is fully completed and accepted by CITY. The requirement for carrying the foregoing insurance coverage shall not derogate from CONSULTANT's defense,hold harmless and indemnification obligations as set forth in this Agreement. CITY or its representative shall at all times have the right to demand the original or a copy of The policy of insurance. CONSULTANT shall pay, in a prompt and timely manner, the premiums on the insurance hereinabove required: 11. INDEPENDENT CONTRACTOR CONSULTANT is, and shall be, acting at all times in the performance of this Agreement as an independent contractor herein and not as an employee of CITY. CONSULTANT shall secure at its own cost and expense, and be responsible for any and all,payment of all taxes, social security, state disability insurance compensation, unemployment compensation and other payroll deductions for CONSULTANT.and its officers, agents and employees and all business licenses,if any, in connection with the PROJECT and/or the services to be performed hereunder._. 12. TERMINATION OF AGREEMENT All work required hereunder shall be performed in a good and workmanlike manner. CITY may terminate CONSULTANT's services hereunder at any time with or without cause,and whether or not the PROJECT is fully complete. Any termination of this Agreement by 24-15367/354619 6 of 12 CITY shall be made in writing,notice of which shall be delivered to CONSULTANT as provided herein. In the event of termination, all finished and unfinished documents, exhibits,report, and evidence shall,at the option of CITY,become its property and shall be promptly delivered to it by CONSULTANT. 13. ASSIGNMENT AND DELEGATION This Agreement is a personal service contract and the work hereunder shall not be assigned,delegated or subcontracted by CONSULTANT to any other person orr entity without the. prior express written consent of CITY. If an assignment, delegation or subcontract is approved, all approved assignees, delegates and subconsultants must satisfy the insurance requirements as set forth.in Sections 9 and 10 hereinabove. 14. COPYRIGHTS/PATENTS CITY shall own all rights to any patent or copyright on any work, item or material produced as a result of this Agreement. 15. CITY EMPLOYEES AND OFFICIALS CONSULTANT shall employ no•CITY official nor•any regular CITY employee in the work performed pursuant to this Agreement. No officer or employee of CITY shall have any financial interest in this Agreement 'in violation of the applicable provisions of the California Government Code. 16. NOTICES Any notices,certificates, or other communications hereunder shall be given either by personal delivery to CONSULTANT's agent (as designated,in Section 1 .hereinabove) or to CITY as the situation shall warrant,or by enclosing the same in a sealed envelope,postage prepaid, anddepositing the. same 'in the United'States Postal Service, to the addresses specified below. 24-15367/354619 7 of 12 CITY and CONSULTANT may designate different addresses to which subsequent notices, certificates or otherr communications will be sent by notifying the other party via personal delivery, a reputable overnight carrier or U. S. certified mail-return receipt requested: TO CITY: TO CONSULTANT: City of Huntington Beach Beacon Economics,LLC ATTN: City Manager ATTN Slerif Hanna_ 2000 Main Street 110 South Fairfax Avenue, Suite 380 Huntington Beach,CA:92648 Los Angeles, CA 9.0036 17. CONSENT When CITY's consent/approval is required under this Agreement, its consent/approval for one transaction or event shall not be deemed to be a consent/approval to any subsequent occurrence of the same or any other transaction or event. 18. MODIFICATION No waiver or modification of any language in this Agreement shall be valid unless in writing and duly executed_by both parties. 19. SECTION HEADINGS The titles, captions, section, paragraph and subject headings, and descriptive phrases..at the beginning of the various sections in.this.Agreement are merely descriptive and are included solely for convenience of reference only and are not representative of matters included or excluded from such provisions,and do not interpret, define, limit or describe, or construe the intent of the parties or affect the construction or interpretation of any provision of this Agreement. 20. INTERPRETATION OF THIS AGREEMENT, The language of all parts of this,Agreement,shall in all cases be construed as a whole,,according to its fair meaning, and not strictly for,or against any of the parties. If any 24-15367/354619 8 of 12 provision of this Agreement is held by an arbitrator or court of competent jurisdiction to be unenforceable, void, illegal or invalid, such holding shall not invalidate or affect the remaining covenants and provisions of this Agreement. No covenant or provision shall be deemed dependent upon any other unless so expressly provided here. As used in this Agreement, the masculine or neuter.gender and singular or plural number shall be deemed to include the other whenever the context so indicates or requires. Nothing contained herein shall be construed so as to require the. commission of any act contrary to law, and wherever there is any conflict between any provision contained herein and any present or future:statute, law, ordinance or regulation contrary to which the parties have no right to contract, then the latter shall prevail, and the provision of this Agreement which is hereby affected shall be curtailed and limited only to the extent necessary to bring it within the requirements of the law. 21. DUPLICATE ORIGINAL The original of this Agreement and one or more copies hereto have been prepared and signed in counterparts as duplicate:originals, each of which so executed shall, irrespective of the date of its execution and delivery, be deemed an original. Each duplicate original shall be deemed an original instrument as against any party who has signed it. 22. IMMIGRATION CONSULTANT shall be responsible for full compliance with the immigration and naturalization laws of the United States and shall,in particular,comply with the provisions of the United States Code regarding employment verification. 23. LEGAL SERVICES SUBCONTRACTING PROHIBITED CONSULTANT and CITY agree that CITY is not liable for payment of any subcontractor work involving'legal services, and that such legal services are expressly outside the. 24-15367/354619 9 of 12 scope of services contemplated hereunder. CONSULTANT understands that pursuant to Huntington Beach City Charter Section 309, the City Attorney is the exclusive legal counsel for CITY; and CITY shall not be liable for payment of any legal services expenses incurred by CONSULTANT. 24. ATTORNEY'S FEES In the event suit is brought by either party to construe, interpret and/or enforce the terms and/or provisions of this Agreement or to secure the performance hereof, each party shall bear its own attorney's fees, such that the prevailing party shall not be entitled to recover its • attorney's fees from the nonprevailing party. 25. SURVIVAL Terms and conditions of this Agreement, which by their sense and context survive the expiration or termination of this Agreement, shall so survive. 26. GOVERNING LAW This Agreement shall be governed and construed in accordance with the laws of the State of California. 27. SIGNATORIES Each undersigned represents and warrants that its signature hereinbelow has the power, authority and right to bind their respective parties to each of the terms of this Agreement, and shall.indemnify CITY fully for any injuries or damages to CITY in the event that such authority or power is not, in fact,held by the signatory or is withdrawn. 28. ENTIRETY The parties acknowledge and agree that they are entering into this Agreement freely and voluntarily following extensive arm's length negotiation,and that each has had the opportunity 24-15367/354619 10 of 12 to consult with legal counsel prior to executing this Agreement. The parties also acknowledge and agree that no representations,inducements,promises,agreements or warranties,oral or otherwise, have been made by that party or anyone acting on that party's behalf, which are not embodied in this Agreement,_ and that that party has not executed. this Agreement in reliance on any representation,inducement,promise, agreement,warranty, fact or circumstance not expressly set forth in this Agreement. This.Agreement,and the attached exhibits,contain the entire agreement between the parties respecting the subject matter of this Agreement, and supersede all prior understandings and agreements whether oral or in writing between the parties respecting the subject matter hereof. 29. EFFECTIVE DATE This Agreement shall be effective on the date of its approval by the City Attorney. This Agreement shall expire when terminated as provided herein. IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed by and through their authorized officers. 24-15367/354619 11 of 12 CONSULTANT, CITY OF I-IUNTINGTON BEACH, BEACON ECONOMICS,LLC a municip,corporatio tate of Califpir1 a Chris 7hornberg By.• Ch,'e Th.,r.,Le,g(0,t 3,2024 10.0 DT) 10/03/2024 Director/Chief (Pursuant To HBMC§3.03.100) print name ITS: (circle one)Chairmanillirice President APPROVED AS TO FORM: AND By: c5W4A1 �ezduta, 10/03/2024 City Attorney print name ate ITS: (circle one)Secretary/C r/Asst. Secretary—Treasurer RECEIVE AND FILE: 44074eilualtu) City Clerk Date /0/3/.24/ 24-15367/354619 12 of 12 EXHIBIT"A" A. STATEMENT OF WORK: (Narrative of work to be performed) Provide a comprehensive study that measures the economic,fiscal and social impact of the Pacific Airshow. B. CONSULTANT'S DUTIES AND RESPONSIBILITJES_: SEE ATTACHED EXHIBIT A C. CITY'S DUTIES AND RESPONSIBILITIES: D. WORK PROGRAM/PROJECT SCHEDULE: EXHIBIT A PROJECT APPROACH AND METHODOLOGY INTRODUCTION This comprehensive study will measure the economic, fiscal, and social impact of the Pacific Airshow on the City of Huntington Beach and the surrounding region. Our methodological approach will employ a mix of quantitative and qualitative methods to capture the full scope of the event's influence.We will be fully transparent in our reporting,and ensure that the empirical approach is well explained. ACTION PLAT\I Beacon will conduct this study using the following steps: 1.Kick-off Call and Stakeholder Interviews-Although we have had one group call,Beacon would advise a second brief kick-off call with the City to establish communication protocols, identify contacts for particular data sources, and revisit timelines. Next, Beacon will conduct stakeholder interviews with key officials involved in .the execution of the Airshow. These would include organizers from Code Four,the US Military,the Tourism Board,Community Leaders, City officials,etc. Beacon would conduct up-to six interviews. 2.Data Collection- Beacon will collect data from a series of sources,aggregating them together to build a broad and robust mapping of information. - Event Production Expenses:Beacon will connect with Code Four to obtain two categories of spending information -operational expenditures and capital expenditure information.Beacon has prepared an interactive data request form that it will share with Code Four to gather this data efficiently.Beacon will work as closely as necessary with Code Four to ensure that the appropriate data is included. • Visitor Spending Data:To collect visitor spending data Beacon will construct a questionnaire that gathers data on attendees. It will have questions about their spending, behavior, and experience, and will be designed with skip patterns to minimize respondent burden and unambiguous questions to ensure all responses are easily interpretable. It will be loaded onto the online application,Survey Monkey, and that link will be provided to the client to, then send to attendees who purchased tickets by Code Four.We will aim to achieve a statistically significant number of surveys and will discuss the significance(confidence level)in the report. Beacon will clean,weight and process the survey results. We will then use this data to estimate visitor spending, and to corroborate other spending estimates,such as those visitors who did not purchase tickets. Beacon recognizes the vast majority of spectators will not have purchased tickets,and that they will likely have different spending patterns and profiles than those who did.Beacon will impute these differences using tertiary data (such as hotel occupancy), past research, and qualitative information from event organizers and participants. Beacon will look to sources like the client,police and fire representatives to estimate non-event attendance. Beacon can also support non attendee survey responses by providing.QR Codes. PROPOSAL:ECONOMIC,FISCAL,$SOCIAL IMPACTANALYSISOFTHE2024PACIFICAIRSHOWFORCITY OF HUNTINGTON BEACH 3 • Supportive Data: Beacon will also rely on data from a series of other sources to build the empirical models required. It will use BLS consumer expenditure data, the American Community Survey, STR reports, Visit Huntington Beach,the Travel and Tourism Satellite Account framework,data collected from the City,and others. Beacon will make sure to explicitly list all of these sources and explain how they are used in the report. 3.Data Modeling-After compiling all of the data, Beacon will run the economic and fiscal impact analysis using a Multiregional Input-Output model (MRIO).This Input-Output model captures multiple geographies, and the economic reverberations between them.Beacon will use the software IMPLAN to build a customized MRIO model. Impact studies operate under the basic assumption that any increase in spending has three effects: First, there is a direct effect on that industry itself,resulting from the additional output of goods or services. Second, there is a chain of indirect effects on all the industries whose outputs are used by the industry under observation.These are the impacts generated by a business'supply chain. Third, there are induced effects that arise when employment increases and household spending patterns are expanded.These impacts follow from the additional income that is earned in the course of producing this output, both by employees in the target industry and in those supplying it. Using the MIRO model, Beacon Economics will estimate the direct, indirect, and induced economic impact and report the following key metrics: 1. Employment:The number of full-time equivalent workers that are supported by the Airshow activity. 2. Earninas:An estimate of the increased labor income generated in connection with the Airshow operations. 3. Value Added:The total market value of all final goods and services produced within the target geographies, related to the show. 4. Output;The increase in productivity and its distribution across industry clusters as a result of the show and its related tourism. All of these metrics will be reported for: • The City of Huntington Beach • The County of Orange County Fiscal Impacts:After establishing the economic impacts, Beacon will calculate how much the direct, indirect, and induced effects generate in local, county,state,and federal taxes.These fiscal impacts will be broken out and also include what tax source the funds are generated from,such as sales tax,property tax,income,etc.These numbers will help illustrate the support the Airshow gives to local public services such as education,safety,and infrastructure. Social Impacts: Last, Beacon will take the analysis one step further than traditional economic impact studies.We will follow the Airshow's impact into the local communities and explore how its economic and fiscal impacts effect the quality of life for residents.For example,when discussing the use of revenues to support education, research from the National Bureau of Economic Research finds that a 10%increase in education spending per pupil leads to 0.27 more years of education, 7.25%higher wages,and a 3.67% reduction in the annual incidence of adult poverty. Once we calculate the fiscal benefits of the Airshow,we can use econometric models like these to draw conclusions about how much this event tourism is,or is not,improving resident's lives in tangible ways. • PROPOSAL:ECONOMIC,FISCAL,&SOCIAL IMPACTANALYSISOFTHE2024PACIFICAIRSHOWFORCITY OF HUNTINGTON BEACH 4 4.Empirical Results Beacon will compile the empirical results into a designed excel file.First,it will display a detailed list of expenditures from the Airshow,including Airshow operations and visitor spending. Next,the file will include tables for both Huntington and Orange County,which report the Airshow's impact on jobs,earnings and economic output,all broken down into the direct, indirect,and induced effect components. The file will include supplementary information such as which industries are impacted the most, and comparative statistics such as the economic impact of other Airshows. Last, the file will also contain the fiscal impact results from the study,and report how much of an effect they have. PROJECT TIIVIELINE The table below summarizes the project schedule. +., :OCij" fNOVW•. ° 'DEC; far 1 Literature Review Stakeholder Interviews OpEx Data Collection { Survey Data Collection Economic Modeling Empirical Results PROPOSAL:ECONOMIC FISCAL,BSOCIALIMPACTANALYSISOF THE2024PACIFIC AIRSHOW FOR CITY OF HUNTINGTON BEACH 5 EXHIBIT II Bu Payment Schedule.(Fixed Fee Payment) I. CONSULTANT shall be entitled to monthly progress payments toward the fixed fee of$27,800. 2. Delivery of work product: A copy of every memorandum, letter, report, calculation and other documentation prepared by CONSULTANT shall be submitted to CITY to demonstrate progress toward completion of tasks. In the event CITY rejects or has comments on any such product, CITY shall identify specific requirements for satisfactory completion. 3. CONSULTANT shall submit to CITY an invoice for each monthly progress payment due. Such invoice shall: A) Reference this Agreement; B) Describe the services performed; C) Show the total amount of the payment due; D) Include a certification by a principal member of CONSULTANT's firm that the work has been performed in accordance with the provisions of this Agreement; and E) For all payments include an estimate of the percentage of work completed. Upon submission of any such invoice, if CITY is satisfied that.CONSULTANT is making satisfactory progress toward completion of tasks in accordance with this Agreement, CITY shall approve the invoice, in which event payment shall be made within thirty (30) days of receipt of the invoice by CITY. Such approval shall not be unreasonably withheld. If CITY does not approve an invoice,CITY shall notify CONSULTANT in writing of the reasons for non-approval and the schedule of performance set forth in Exhibit"A"may at the option of CITY be suspended until the parties agree that past performance by CONSULTANT is in, or has been brought into compliance, or until this Agreement has expired or is terminated as provided herein. 4. Any billings for extra work or additional services authorized in advance and in writing by CITY shall be invoiced separately to CITY. Such invoice shall contain all of the information required above, and in addition shall list the hours expended and hourly rate charged for such time. Such invoices shall be approved by CITY if the work performed is in accordance with the extra work or additional services requested, and if CITY is satisfied that the statement of hours worked and costs incurred is accurate. Such approval shall not be unreasonably withheld. Any dispute between the parties concerning payment of such an invoice shall be treated as separate and apart from the ongoing performance of the remainder of this Agreement. Exhibit B City of Huntington Beach - Beacon Economic Contract 24-15367_354619 (1 ) Final Audit Report 2024-10-03 Created: 2024-10-03 By: Sherif Hanna(sherif@beaconecon.com) Status: Signed Transaction ID: CBJCHBCAABAATGVZI5uxRVaDPXWIcpbNZ7IcRSsi3Dgb "City of Huntington Beach - Beacon Economic Contract 24-1536 7_354619 (1 )" History t Document created by Sherif Hanna (sherif@beaconecon.com) 2024-10-03-5:08:27 PM GMT [ Document emailed to Chris Thornberg (chris@beaconecon.com)for signature 2024-10-03-5:08:37 PM GMT t Email viewed by Chris Thornberg (chris@beaconecon.com) 2024-10-03-5:08:53 PM GMT eY0 Document e-signed by Chris Thornberg (chris@beaconecon.com) Signature Date:2024-10-03-5:09:11 PM GMT-Time Source:server Q Agreement completed. 2024-10-03-5:09:11 PM GMT Adobe Acrobat Sign le 'X. (,ac OR CERTIFICATE OF LIABILITY INSURANCE DATE9/23//2024 /2324 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder In lieu of such endorsement(s). PRODUCER CONTNAME ACT Shirley Viduya G F Brown Insurance Services {Pa CNN,Exf): (510)524-8812 (A/C,No): 828 San Pablo Avenue,Suite 201 ADDRE shirle t fbrownins.com ADDRESS: y(+�g INSURER(S)AFFORDING COVERAGE NAIL# Albany CA 94706 INSURER A: HARTFORD UNDERWRITERS INS CO 30104 INSURED INSURER B: HARTFORD CAS INS CO 29424 Beacon Economics LLC INSURER C: GEMINI INS CO 10833 l 10 S Fairfax Ave INSURER D: INSURER E: Los Angeles CA 90036 INSURER F: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR AuuLS-uBR POLICYEFF POLICY E)IP LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER (MM/DDIYYYY) (MM/DD)YYYY) LIMITS X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE S 2,000,000 CLAIMS-MADE X OCCUR PREMISES(EaEoccurrence) S 1,000,000 MED EXP(Any one person) S 10,000 A Y S7SBABAOXNI 04/01/2024 04/01/202S PERSONAL BADVINJURY S 2,000,000 GEN'L AGGREGATE LIMIT APPLIES PER. GENERAL AGGREGATE S 4,000,000 X POLICY PRO- JECT LOC PRODUCTS-COMP/OP AGG S 4,000,000 OTHER: S AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $ 2,000,000 (Ea accident) ANY AUTO BODILY INJURY(Per person) S A -OWNED -'SCHEDULED Y 57SBABAOXN I 04/01/2024 04/01/2025 BODILY INJURY(Per accident) 5 AUTOS ONLY _AUTOS XHIRED NON•OWNED PROPER I DAMAGE S AUTOS ONLY A AUTOS ONLY (Per accident) UMBRELLA LIAB OCCUR EACH OCCURRENCE S EXCESS LIAB CLAIMS-MADE AGGREGATE S DED RETENTIONS 'WORKERS COMPENSATION - -- PER OTH- AND EMPLOYERS'LIABILITY X STATUTE FR ANY PROPRIETOR/PARTNER/EXECUTIVE Yf N E.L.EACH ACCIDENT S 1,000,000 B OFFICER/MEMBEREXCLUDED? Y NIA 57WECZH2347 04/01/2024 08/01/2024 (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE S 1,000,000 If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT S 1,000,000 Each OccutTence 2,000,000 Professional Liabilil) VCPL067155 04/0I/2024 04/01/2025 General Aggregate 2,000,000 DESCRIPTION OF OPERATIONS/LOCATIONS!VEHICLES (ACORD 101,Additional Remarks Schedule,may he attached If more space Is required) See ACORD lot APPROVED AS TO FORM By: MICHAEL E. GATES CITY ATTORNEY CITY OF HUNTINGTON BEACH CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF,NOTICE WILL BE DELIVERED IN City Of Huntington Beach ACCORDANCE WITH THE POLICY PROVISIONS. 2000 Main Street AUTHORIZED REPRESENTATIVE Sl.irlcy Vi4c'ya, I Huntington Beach CA 92648 ©1988-2015 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD AO CERTIFICATE OF LIABILITY INSURANCE DATE(MMIDDIYYYY) 09/23/2024 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(les)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER NAME CT Automatic Data Processing Insurance Agency,Inc. Automatic Data Processing Insurance Agency,Inc. PHONN.Extr 1-800-524-7024 FAX No): E-MAIL ADDRESS: 1 Adp Boulevard _ _ INSURER(S)AFFORDING COVERAGE NAIC A Roseland NJ 07068 INSURER A: Employers Preferred Insurance Company 10346 INSURED Beacon Economics LLC INSURER B: INSURER C: 110 S Fairfax Aveste 380 INSURER D INSURER E: Los Angeles CA 90036 INSURER F: COVERAGES CERTIFICATE NUMBER: 3863736 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSRL TYPE OF INSURANCE AINSD DDL SWVo POLICY NUMBER ,(LIBR MMIDDYEIYYYY)�(MMIIDF IDI RP LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ CLAIMS-MADE OCCUR PREMISES Es occAMAGE TO u RENTED $ MED£XP(Any one person) S PERSONAL&ADV INJURY S GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ POLICY PRO-JECT LOC PRODUCTS-COMP/OP AGG $ OTHER: $ • AUTOMOBILE LIABILITY - COTIBINE6STRGLEOMIT $ (Ea accident) ANY AUTO BODILY INJURY(Per person) S — OWNED — SCHEDULED BODILY INJURY(Per accident) $ AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $ AUTOS ONLY —AUTOS ONLY (Per accident) S UMBRELLALIAB _ OCCUR EACH OCCURRENCE S _ - EXCESS UAB CLAIMS-MADE AGGREGATE $ DED RETENTIONS S WORKERS COMPENSATION x PEATUTE ERH AND EMPLOYERS'LIABILITY ANY PROPRIETORIPARTNERIEXECUTIVE Y r N E.L.EACH ACCIDENT $ 1,000,000 A OFFICER/MEMBER EXCLUDED? N NIA N EIG566499200 08/01/2024 08/01/2025 (Mandatory In NH) EL.DISEASE-EA EMPLOYEE $ 1,000,000 If yes.describe under 1,000,000 DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY UNIT $ DESCRIPTION OF OPERATIONS J LOCATIONS!VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached If more space Is requIred) • CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN City of Huntington Beach ACCORDANCE WITH THE POLICY PROVISIONS. 2000 Main Street AUTHORIZED REPRESENTATIVE Huntington Beach CA 92648 01988-2015 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD AGENCY CUSTOMER ID: LOC#: ACOR E)® ADDITIONAL REMARKS SCHEDULE Page 1 of 1 AGENCY NAMED INSURED G F Brown Insurance Services Beacon Economics LLC POLICY NUMBER 57SBABAOXNI,57WECZH2347,VCPL067155 CARRIER NAIL CODE HARTFORD UNDERWRITERS INS CO 30104,2941' EFFECTIVE DATE: ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: 25 FORM TITLE: Certificate Of Liability Insurance A-Coverage under Crime Policy#57SBABAOXNI Policy Period 4/1/2024 to 4/1/2025 Employee Dishonesty$10,000;Forgery$25,000;Valuable Papers& Record:Included in Stretch Blanket Additional Insured as required per contract applies to"City of Huntington Beach,its officers,elected or appointed officials,employees,agents and volunteers?- per blanket endorsement.-Insurance is primary,30 days'notice of cancellation. • ACORD 101 (2008/01) 02008 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD • THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THE:'" .p HARTFORD ADDITIONAL INSURED - OWNERS, LESSEES OR CONTRACTORS - SCHEDULED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: BUSINESS LIABILITY COVERAGE FORM Except as otherwise stated in this endorsement,the terms and conditions of the Policy apply. A. The following is added to Section C.WHO IS AN INSURED: Additional Insured—Owners, Lessees Or Contractors—Scheduled Person Or Organization a. The person(s) or organization(s) shown in the Declarations.as an Additional Insured — Owner, Lessees Or Contractors is also an additional insured, but only with respect to liability for"bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf: (1) In the performance of your ongoing operations for the additional insured(s);or (2) In connection with "your work" performed for that additional insured and included within the "products- completed operations hazard", but only if this Coverage Part provides coverage for "bodily injury" or "property damage"included within the"products-completed operations hazard". b. With respect to the insurance afforded to these additional insureds, this insurance does not apply to "bodily injury", "property damage" or"personal and advertising injury" arising out of the rendering of, or the failure to render, any professional architectural,engineering or surveying services, including: (1) The preparing, approving, editing of or failure to prepare or approve, shop drawings, maps, opinions, reports, surveys, change orders, field orders, designs, drawings, specifications, warnings, recommendations, permit applications,payment requests, manuals or instructions; (2) Supervisory, inspection,quality control, architectural,engineering or surveying activities or services; (3) Maintenance of job site safety, construction administration, construction contracting, construction management, computer consulting or design software development or programming service, or selection of a contractor or programming service; (4) Monitoring,sampling, or testing service necessary to perform any of the services included in(1), (2)or(3) above; (5) Supervision, hiring, employment, training or monitoring of others who are performing any of the services included in (1), (2)or(3)above; c. If coverage provided to these additional insureds is required by a written contract or written agreement, or when required by a written permit issued by a state or governmental agency or subdivision or political subdivision, the insurance afforded to these additional insureds will not be broader than that which you are required by the contract,agreement,or permit to provide for these additional insureds. d. The insurance afforded to these additional insureds only applies to the extent permitted by law. Form SL 30 4810 18 Page 1 of 1 ©2018,The Hartford (May include copyrighted material of Insurance Services Office, Inc.,with its permission) THE HARTFORD (1) You or any additional insured under this Coverage Part that is an individual; (2) Any partner, if you or an additional insured under this Coverage Part is a partnership; (3) Any manager, if you or an additional insured under this Coverage Part is a limited liability company; (4) Any"executive officer"or insurance manager, if you or an additional insured under this Coverage Part is a corporation; (5) Any trustee, if you or an additional insured under this Coverage Part is a trust; or (6) Any elected or appointed official, if you or an additional insured under this Coverage Part is a political subdivision or public entity. This Paragraph f.applies separately to you and any additional insured under this Coverage Part. 3. Legal action Against Us No person or organization has a right under this Coverage Part: a. To join us as a party or otherwise bring us into a"suit"asking for damages from an insured; or b. To sue us on this Coverage Part unless all of its terms have been fully complied with. A person or organization may sue us to recover on an agreed settlement or on a final judgment against an insured; but we will not be liable for damages that are not payable under the terms of this insurance or that are in excess of the applicable limit of insurance. An agreed settlement means a settlement and release of liability signed by us, the insured and the claimant or the claimant's legal representative. 4. Separation Of Insureds Except with respect to the Limits of Insurance, and any rights or duties specifically assigned in this Policy to the first Named Insured, this insurance applies: a. As if each Named Insured were the only Named Insured; and b. Separately to each insured against whom a claim is made or"suit"is brought. 5. Representations a. When You Accept This Policy By accepting this Policy, you agree: (1) The statements in the Declarations are accurate and complete; (2) Those statements are based upon representations you made to us; and (3) We have issued this Policy in reliance upon your representations. b. Unintentional Failure To Disclose Hazards If unintentionally you should fail to disclose all hazards relating to the conduct of your business at the inception date of this Coverage Part, we shall not deny any coverage under this Coverage Part because of such failure. 6. Other Insurance If other valid and collectible insurance is available for a loss we cover under this Coverage Part, our obligations are limited as follows; a. Primary Insurance This insurance is primary except when b. below applies. If other insurance is also primary, we will share with all that other insurance by the method described in c. below. b. Excess Insurance This insurance is excess over any of the other insurance, whether primary, excess, contingent or on any other basis: (1) Your Work That is Fire, Extended Coverage, Builder's Risk, Installation Risk, Owner Controlled Insurance Program or OCIP, Contractor Controlled Insurance Program or CCIP, Wrap Up Insurance or similar coverage for "your work"; Form SL 00 00 10 18 Page 16 of 22 ©2018, The Hartford (May include copyrighted material of Insurance Services Office, Inc., with its permission) THE HARTFORD (2) Premises Rented To You That is fire, lightning or explosion insurance for premises rented to you or temporarily occupied by you with permission of the owner; (3) Tenant Liability That is insurance purchased by you to cover your liability as a tenant for"property damage" to premises rented to you or temporarily occupied by you with permission of the owner; (4) Aircraft,Auto Or Watercraft if the loss arises out of the maintenance or use of aircraft, "autos"or watercraft to the extent not subject to Exclusion g.of Section B. Exclusions. (5) Property Damage To Borrowed Equipment Or Use Of Elevators lithe loss arises out of"property damage"to borrowed equipment or the use of elevators to the extent not subject to Exclusion k.of Section B. Exclusions. (8) When You Are Added As An Additional Insured To Other Insurance That is other insurance available to you covering liability for damages arising out of the premises or operations, or products and completed operations, for which you have been added as an additional insured by that insurance;or (7) When You Add Others As An Additional Insured To This Insurance That is other insurance available to an additional insured. However,the following provisions apply to other insurance available to any person or organization who is an additional insured under this Coverage Part: (a) Primary Insurance When Required.By Contract This insurance is primary if you have agreed in a"written contract, written agreement or permit that this insurance be primary. If other insurance is also primary,we will share with all that other insurance by the method described in c. below. (b) Primary And Non-Contributory To Other Insurance When Required By Contract If you have agreed in a written contract,written agreement or permit that this insurance is primary and non-contributory with the additional insured's own insurance, this insurance is primary and we will not seek contribution from that other insurance. Paragraphs(a)and(b)do not apply to other insurance to which the additional insured has been added as an additional insured. When this insurance is excess, we will have no duty under this Coverage Part to defend the insured against any"suit" if any other insurer has a duty to defend the insured against that"suit". If no other insurer defends, we will undertake to do so,but we will be entitled to the insured's rights against all those other insurers. When this insurance is excess over other insurance, we will pay only our share of the amount of the loss, if any,that exceeds the sum of: (1) The total amount that all such other insurance would pay for the loss in the absence of this insurance; and (2) The total of all deductible and self-insured amounts under all that other insurance. We will share the remaining loss, if any, with any other insurance that is not described in this Excess Insurance provision and was not bought specifically to apply in excess of the Limits of Insurance shown in the Declarations of this Coverage Part. c. Method Of Sharing If all the other insurance permits contribution by equal shares, we will follow this method also. Under this approach, each insurer contributes equal amounts until it has paid its applicable limit of insurance or none of the loss remains,whichever comes first. Form SI.00 00 1018 Page 17 of 22 ©2018,The Hartford (May include copyrighted material of Insurance Services Office, Inc.,with its permission) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 THE HARTFORD HIRED AUTO AND NON-OWNED AUTO LIABILITY This endorsement modifies insurance provided under the following: BUSINESS LIABILITY COVERAGE FORM Except as otherwise stated in this endorsement,the terms and conditions of the Policy apply. A. Amended Coverage: The following is added to Section A. COVERAGES: Coverage is extended to"bodily injury"and "property damage" arising out of the use of a"hired auto"or"non-owned auto". B. The following changes are made to Section B.EXCLUSIONS: 1. Exclusion g.Aircraft,Auto Or Watercraft does not apply to a"hired auto"or a"non-owned auto". 2. Exclusion e. Employer's Liability does not apply to "bodily injury" to domestic "employees" not entitled to workers'compensation benefits or to liability assumed by the insured under an"insured contract". 3. Exclusion f. Pollution is deleted and replaced by the following: (1) "Bodily injury"or"property damage" arising out of the actual, alleged or threatened discharge, dispersal, seepage,migration,release or escape of"pollutants": (a) That are,or that are contained in any property that is: (i) Being transported or towed by, handled, or handled for movement into, onto or from, the covered "auto"; (II) Otherwise in the course of transit by or on behalf of the"insured"; or (iii) Being stored,disposed of,treated or processed in or upon the covered"auto". (b) Before the "pollutants" or any property in which the "pollutants" are contained are moved from the place where they are accepted by the insured for movement into or onto the covered"auto"; or (c) After the "pollutants" or any property:in which the "pollutants" are contained are moved from the covered"auto"to the place where they are finally delivered,disposed of or abandoned by the insured. Paragraph (a) above does not apply to fuels, lubricants, fluids, exhaust gases or other similar "pollutants" that are needed for or result from the normal electrical, hydraulic or mechanical functioning of the covered"auto"or its parts,if: (i) The "pollutants"escape, seep, migrate, or are discharged or released directly from an"auto" part designed by its manufacturer to hold, store, receive,or dispose of such"pollutants";and (ii) The "bodily injury" and "property damage" does not arise out of the operation of any equipment listed in Paragraphs 15.f.(2)and 15.f.(3)of the definition of"mobile equipment". Paragraphs(b) and (c) above do not apply to accidents that occur away from premises owned by or rented to an"insured"with respect to"pollutants" not in or upon a covered"auto"if: (I) The "pollutants" or any property in which the "pollutants" are contained are upset, overturned or damaged as a result of the maintenance or use of a covered"auto";and (ii) The discharge, dispersal, seepage, migration, release or escape of the "pollutants" is caused directly by such upset, overturn or damage as a result of the maintenance or use of a covered "auto". 4. The following exclusion is added: Fellow employee Coverage does not apply to"bodily injury"to any fellow"employee"of the insured arising out of the operation of an"auto"owned by the insured in the course of the fellow"employee's"employment. Form SL 30 26 10 18 Pagel of ©2018,The Hartford (May include copyrighted material of insurance Services Office, Inc.,with its permission) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THE .� HARTFORD 5. The following exclusion is added: Care,Custody Or Control Coverage does not apply to "property damage" involving property owned or transported by the insured or in the insured's care,custody or control. C. With respect to "hired auto" and "non-owned auto" coverage, Section C. WHO IS AN INSURED is deleted and replaced by the following: 1. The following are insureds: a. You. b. Your"employee"while using with your permission: (1) An"auto"you hire or borrow;or (2) An"auto"you don't own,hire or borrow in your business or personal affairs;or (3) An"auto"hired or rented by your"employee"on your behalf and at your direction. c. Anyone else while using a"hired auto"or"non-owned auto"with your permission except: (1) The owner or anyone else from whom you hire or borrow an"auto". (2) Someone using an auto while he or she is working in a business of selling,servicing, repairing, parking or storing"autos"unless that business is yours. (3) Anyone other than your "employees", partners (if you are a partnership), members (if you are a limited liability company), or a lessee or borrower or any of their"employees",while moving property to or from an"auto". (4) A partner (if you are a partnership), or a member (if you are a limited liability company) for an "auto" owned by him or her or a member of his or her household. d. Anyone liable for the conduct of an insured described above but only to the extent of that liability. D. With respect to the operation of a "hired auto" or "non-owned auto" covered by this endorsement, the following changes are made to Section E. LIABILITY AND MEDICAL EXPENSES CONDITIONS: 1. The following condition is added: Other Insurance a. Except for any liability assumed under an "insured contract" the insurance provided by this endorsement is excess over any other collectible insurance. However, if your business is the selling, servicing, repairing, parking or storage of "autos", the insurance provided by this endorsement is primary when covered "bodily injury"or"properly damage" arises out of the operation of a customer's"auto"by you or your"employee". b. When this endorsement and any other endorsement, coverage part, or policy covers on the same basis, either excess or primary,we will pay only our share.Our share is the proportion that the Limit of Insurance of our endorsement bears to the total of the limits of all the endorsements, coverage parts, and policies covering on the same basis. 2. The following condition is added: Two Or More Coverage Parts, Endorsements,Or Policies Issued By Us If this endorsement and any other endorsement, coverage part or policy issued to you by us or any company affiliated with us apply to the same accident, the aggregate maximum Limit of Insurance under all the endorsements, coverage parts, or policies shall not exceed the highest applicable Limit of Insurance under any one endorsement, coverage part, or policy. This condition does not apply to any endorsement, coverage part, or policy issued by us or an affiliated company specifically to apply as excess insurance over this endorsement. Form SL 30 26 10 18 Page 2 of 3 ©2018,The Hartford (May include copyrighted material of Insurance Services Office, Inc.,with its permission) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THE '" •" HARTFORD 3. The following condition is added: Financial Responsibility Laws a. With respect to a "hired auto"or"non-owned auto"to which this insurance applies,when this endorsement is certified as proof of financial responsibility for the future under the provisions of any motor vehicle financial responsibility law, the insurance provided by this endorsement for "bodily injury" liability and "property damage" liability will comply with the provisions of the law to the extent of the coverage and limits of insurance required by that law. b. With respect to a"hired auto"or"non-owned auto"to which this insurance applies,we will provide any liability, uninsured motorists, underinsured motorists, no-fault or other coverage required by any motor vehicle law. We will provide the required limits for those coverages. E. The following changes are made to Section F. LIABILITY AND MEDICAL EXPENSES DEFINITIONS: 1. The following definition is added: "Hired auto" means any"auto"you lease, hire, rent or borrow. This does not include any auto you lease,hire,rent or borrow from any of your"employees", your partners (if you are a partnership), members (if you are a limited liability company)„or your"executive officers"or members of their households. This does not include a long-term leased "auto"that you insure as an owned "auto" under any other auto liability insurance policy or a temporary substitute for an "auto"you own that is out of service because of its breakdown, repair,servicing or destruction. 2. The following definition is added: "Non-owned auto"means any"auto"you do not own, lease, hire, rent or borrow which is used in connection with your business.This includes: a. "Autos" owned by your "employees" your partners (if you are a partnership), members (if you are a limited liability company), or your"executive officers", or members of their households, but only while used in your business or your personal affairs. b. Customer's"auto"that is in your care,custody or control for service. Form SL 30 26 10 18 Page3of3 ©2018,The Hartford (May include copyrighted material of Insurance Services Office, Inc.,with its permission)