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18.1 Developer shall, before the release of said Final Map by City for recordation,
<br /> � obtain and maintain in full force and effect during the term of this Agreement, at Developer's
<br /> own expense and risk, Worker's Compensation, a general comprehensive liability insurance
<br /> policy,and owned,non-owned,and hired automobile liability insurance. The minimum amounts
<br /> of coverage corresponding to the aforesaid categories of insurance per insurable event shall be as
<br /> follows:
<br /> Insurance Cate�ry Minimum Limits
<br /> Workers'Compensation Statutory minimum.
<br /> Employer's Liability $1,000,000.00 per accident for bodily injury or disease.
<br /> Coxnmercial General Liability $1,000,000.00 per occurrence,$2,000,000.00 aggregate for
<br /> bodily injury,personal injury and property damage.
<br /> Automobile Liabiliry $2,000,000.00 per occurrence for bodily injury and property
<br /> damage(coverage required to the extent applicable to
<br /> Contractor's vehicle usage in performing work hereunder).
<br /> 18.2 Any deductibles or self-insured retenrions must be declared to, and approved by
<br /> City. At the option of City either Developer's insurer shall reduce or elixninate the deductibles or
<br /> self-insured retentions with respect to City, it's Council, comxnissions, boards, cominittees,
<br /> officers,employees and agents or Developer shall procure a bond guaranteeing payment of losses
<br /> and related investigations,claim administration and defense expenses.
<br /> 18.3 Concurrently with the execution of this Agreement,Developer shall furnish City
<br /> with certificates and copies of information or declaration pages of the insurance required
<br /> hereunder and, with respect to evidence of comxnercial general liability and automobile liability
<br /> insurance coverage,original endorsements:
<br /> (a) Precluding cancellation or reduction in coverage before the
<br /> expiration of thirty(30)days after City shall have received written notification of
<br /> cancellation or reduction in coverage by first class mail,postage prepaid;
<br /> (b) Providing that Developer's insurance shall apply separately to
<br /> each insuted against whom claim is made or suit is brought, except with respect
<br /> to the limits of the insurer's liability(cross liability endorsements);
<br /> (c) Naxning City, its Council, comxnissions, boards, committees,
<br /> officers,employees and agents as additional insureds;and
<br /> (d) Providing that Developer's insurance shall be primary insurance
<br /> relating to Contractor's work hereunder with respect to City, its Council,
<br /> coxnmissions, boards, committees, officers, employees and Agents, and further
<br /> providing that any insurance or self-insurance maintained by City for itself, its
<br /> Council, commissions,boazds,committees, officers, employees and agents sha11
<br /> not be excess of Contractor's insurance and shall not be contributory with it.
<br /> Such insurance shall also specifically insure any contractual liability assumed by
<br /> Developer under the terms of tlus Agreement, including, but not limited to, the
<br /> provisions of subsection(a)above.
<br /> REV:06-05-14 VR
<br /> Page 8 of 19
<br /> ATTYlAGR.2014.090/RWC 1856_755 Brewster(IA)
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