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Insurance Cate�orv Minimum Limits
<br /> Workers'Compensation Stat�rtory minimum.
<br /> Employer's Liability $],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 /> with certificates and copies of information or declaration pages of the insurance required
<br /> hereunder and, with respect to evidence of commercial general liabiliry 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 sLiit 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 /> (d) Providing that Developer's insurance shall be priinary insurance
<br /> relating to Contractor's work hereunder with respect to City, its Council,
<br /> commissions, boards, committees, officers, employees and Agents, and further
<br /> providing that any insurance or self-insurance maintained by City far itself, its
<br /> Council, commissions, boards, committees, officers, employees and agents shall
<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 this Agreement, including, but not limited to, the
<br /> provisions of subsection(a)above.
<br /> 18.4 In the event that Developer's insurance is cancelled, Developer shall provide
<br /> replacement coverage or all work mList cease as of the cancellation date until replacement
<br /> insurance coverage is provided.
<br /> REV:10-08-15 VR
<br /> ATTY/AGR/2015.224/HAMILTIN&WINSLOW PROPERTIES,LLP—IA
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