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7.3.A. - Page 10 <br /> of coverage corresponding to the aforesaid categories of insurance per insurable event shall be as <br /> follows: <br /> Insurance Category Minimum Limits <br /> Workers'Compensation Statutory minimum. <br /> • <br /> Employer's Liability $1,000,000.00 per accident for bodily injury or disease. <br /> Commercial General Liability $1,000,000.00 per occurrence,$2,000,000.00 aggregate for <br /> bodily injury,personal injury and property damage. <br /> Automobile Liability $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 retentions must be declared to,and approved by <br /> City. At the option of City either Developer's insurer shall reduce or eliminate the deductibles or <br /> self-insured retentions with respect to City, it's Council, commissions, boards, committees, <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 /> • <br /> with certificates and copies of information or declaration pages of the insurance required <br /> hereunder and,with respect to evidence of commercial 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 <br /> notification of cancellation or reduction in coverage by first class mail, <br /> postage prepaid; <br /> (b) Providing that Developer's insurance shall apply separately <br /> to each insured against whom claim is made or suit is brought,except with <br /> respect to the limits of the insurer's liability(cross liability endorsements); <br /> (c) Naming City, its Council, commissions, boards, <br /> committees,officers,employees and agents as additional insureds;and <br /> (d) Providing that Developer's insurance shall be primary <br /> insurance relating to Contractor's work hereunder with respect to City, its <br /> Council, commissions, boards, committees, officers, employees and <br /> Agents, and further providing that any insurance or self-insurance <br /> maintained by City for itself, its Council, commissions, boards, <br /> committees, officers, employees and agents shall not be excess of <br /> Contractor's insurance and shall not be contributory with it. Such <br /> insurance shall also specifically insure any contractual liability assumed <br /> ATTY/A /2012.005/2580 E:CR(URBAN HOUSING)SUBDIVISION IMPROVEMENT AGREEMENT <br /> REV:06-05-12 VR <br /> Page 8 of 18 <br />