|
<br />FXS:djk 06/21199
<br />06/28/99R
<br />F:SharedIRedwoodlCouncill Agmt-273
<br />
<br />Insurance CateQorv
<br />Workers' Compensation
<br />
<br />Minimum Limits
<br />
<br />Statutory minimum.
<br />
<br />Employer's Liability
<br />
<br />$1,000,000.00 per accident for
<br />bodily injury or disease.
<br />
<br />Commercial General Liability
<br />
<br />$1,000,000.00 per occurrence,
<br />$2,000,000.00 aggregate for
<br />bodily injury, personal injury and
<br />property damage.
<br />
<br />Automobile Liability
<br />
<br />$1,000,000.00 per accident,
<br />$2,000,000.00 aggregate for
<br />bodily injury and property
<br />damage (coverage required to the
<br />extent applicable to Contractor's
<br />vehicle usage in performing work
<br />hereunder).
<br />
<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.
<br />
<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:
<br />
<br />a) Precluding cancellation or reduction in coverage before the expiration of thirty
<br />(30) days after City shall have received written notification of cancellation or
<br />reduction in coverage by certified mail, return receipt requested;
<br />
<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);
<br />
<br />c) Naming City, its Council, commissions, boards, committees, officers,
<br />employees and agents as additional insureds; and
<br />
<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 not
<br />be excess of Contractor's insurance and shall not be contributory with it.
<br />
<br />9. 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 />
<br />6
<br />
<br />..-..-""
<br />
|