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Insurance Cateoorv Minimum Limits
<br /> Workers' Compensation Statutory minimum.
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<br /> Employer's Liability $1,000,000.00 per accident for
<br /> bodily injury or disease.
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<br /> Commercial General Liability $1,000,000.00 per occurrence, $2,000,000
<br /> aggregate for bodily injury, personal injury and
<br /> property damage.
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<br /> Automobile Liability $2,000,000.00 per occurrence, (coverage
<br /> required to the extent applicable to Contractor's
<br /> vehicle usage in performing work hereunder).
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<br /> Any deductibles or self-insured retentions must be declared to, and approved by
<br /> City. At the option of City either Contractor's insurer shall reduce or eliminate the
<br /> deductibles or self-insured retentions with respect to citY, its Council,
<br /> commissions, boards, committees, 'officers, employees and agents or Contractor
<br /> shall procure a bond guaranteeing payment of losses and related investigations,
<br /> claim administration and defense expenses.
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<br /> Concurrently with the execution of this Agreement, Contractor shall furnish City
<br /> with certificates and copies of information or declaration pages of the insurance
<br /> required hereunder and, with respect to evidence of commerCial general liability
<br /> and automobile liability insurance coverage, original endorsementS:
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<br /> (a) Precluding cancellation or reduction in coverage before the expiration of
<br /> thirty (30) days after City shall have received written notification of
<br /> cancellation or reduction in coverage by first class mail, postage prepaid;
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<br /> (b) Providing that Contractor's insurance shall apply separately to each insured
<br /> against whom claim is made or suit is brought, except with respect to the
<br /> limits of the insurer's liability (cross liability endorsements);:
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<br /> (c) Naming'City, its Council, commissions, boards, committees, officers,
<br /> employees and agents as additional insureds; and
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<br /> (d) Providing that Contractor's insurance shall be primary insurance relating to
<br /> Contractor's work hereunder with respect to City, its Council, commissions,
<br /> boards, committees, officers, employees and Agents, and'further providing
<br /> that any insurance or self-insurance maintained by 'City for itself, its Council,
<br /> commissions, boards, committees, officers, employees and agents shall
<br /> not be excess of Contractor's insurance and shall not be contributory with it.
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<br /> Contractor shall provide, on the execution of this Agreement, a good and sufficient
<br /> corporate surety bond in the penal sum of one hundred percent (100%) of amount
<br /> bid, which bond shall be conditioned upon the faithful performance of all work
<br /> required to be performed by Contractor under this Agreement.. Said bond shall be
<br /> liable for any and all penalties and obligations which may be incurred by Contractor
<br /> under this Agreement. Acceptance of the bond by the City is subject to the review
<br /> and approval of the bond.by the City Attorney's office.
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<br />F:Atty2001 Shared/Redwood/Co u n,~il/Agrnt/Agnqt-51 [.)
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