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such rights or obligations of indemnity hereunder shall be governed by principles of comparative <br /> fault. <br /> 18. Insurance. <br /> 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 Category Minimum Limits <br /> Workers' Compensation Statutory minimum. <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 properly 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 /> 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 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 insured 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) Naming City, its Council, commissions, boards, committees, <br /> officers, employees and agents as additional insureds; and <br /> ATTY/AGR/2015.127/ 718 CANYON SUBDIVISION IMPROVEMENT AGREEMENT <br /> REV:06-2215 VR <br /> Page 8 of 20 <br />