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<br />U:\RFP's and Instructions\Docktown Barge Removal\RFP Barge Removal V10 w prevailing wage final.docx <br />Page 18 of 22 <br />The Parties expressly agree that any reasonable payment, attorney's fee, cost or expense <br />City incurs or makes to or on behalf of an injured employee under the City's self-administered <br />workers' compensation is included as a loss, expense or cost for the purposes of this section. <br /> <br /> 7. Insurance. Contractor shall obtain and maintain for the duration of the <br />Agreement and any and all amendments, insurance against claims for injuries to persons or <br />damage to property which may arise out of or in connection with performance of the Services by <br />Contractor or Contractor’s agents, representatives, employees or subcontractors. The insurance <br />carrier is required to maintain an A.M. Best rating of not less than “A-:VII”. <br /> <br />7.1 Coverages and Limits. Contractor, at its sole expense, shall maintain the types of <br />coverages and minimum limits indicated below, unless otherwise approved by City in <br />writing. These minimum amounts of coverage will not constitute any limitations or cap <br />on Contractor's indemnification obligations under this Agreement. <br /> <br />7.1.1 Commercial Marine Liability Insurance and Commercial General Liability <br />Insurance. Contractor shall maintain occurrence based coverage for both types of <br />policies with limits not less than $1,000,000 per occurrence. If the submitted <br />policies contain aggregate limits, such limits will apply separately to the Services, <br />project, or location that is the subject of this Agreement or the aggregate will be <br />twice the required per occurrence limit. Both the Commercial marine Liability <br />Insurance and Commercial General Liability insurance policies shall be endorsed <br />to name the City, its officers, agents, employees and volunteers as additional <br />insureds, and to state that the insurance will be primary and not contribute with <br />any insurance or self-insurance maintained by the City. <br /> <br />7.1.2 Business Automobile Liability Insurance. Contractor shall maintain <br />coverage with limits not less than $1,000,000 per each accident for owned, hired <br />and non-owned automobiles. <br /> <br />7.1.3 Workers' Compensation Insurance. Contractor shall maintain coverage as <br />required by the California Labor Code. The Workers’ Compensation policy shall <br />contain an endorsement stating that the insurer waives any right to subrogation <br />against the City, its officers, agents, employees and volunteers. <br /> <br />7.1.4 Employer's Liability Insurance. Contractor shall maintain coverage with <br />limits not less than $1,000,000 per each accident for bodily injury or disease. <br /> <br />7.2. Notice of Cancellation. This insurance will be in force during the life of the <br />Agreement and any extensions of it and will not be canceled without Contractor <br />providing thirty (30) days prior written notice to City sent pursuant to the Notice <br />provisions of this Agreement. <br /> <br />7.3 Providing Certificates of Insurance and Endorsements. Prior to City’s execution <br />of this Agreement, Contractor shall provide to City certificates of insurance and above- <br />referenced endorsements sufficient to satisfaction of City’s Risk Manager. In no event <br />7.1.D. - Page 29