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<br />Insurance Cate<:lorv <br /> <br />Minimum Limits <br /> <br />Workers' Compensation <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 for <br />bodily injury, personal injury and <br />property damage. <br /> <br />Automobile Liability <br /> <br />$1,000,000.00 per accident for <br />bodily injury and property <br />damage (coverage required to the <br />extent applicable to Contractor's <br />vehicle usage in peñorming work <br />hereunder). <br /> <br />Any deductibles or self-insured retentions must be declared to, and <br /> <br />approved by City. At the option of City either Contractor's insurer shall reduce or <br /> <br />eliminate the deductibles or self-insured retentions with respect to City, its Council, <br /> <br />commissions, boards, committees, officers, employees and agents or Contractor <br /> <br />shall procure a bond guaranteeing payment of losses and related investigations, <br /> <br />claim administration and defense expenses. <br /> <br />Concurrently with the execution of this Agreement, Contractor shall <br /> <br />furnish City with certificates and copies of information or declaration pages of the <br /> <br />insurance required hereunder and, with respect to evidence of commercial general <br /> <br />liability and automobile liability insurance coverage, original endorsements: <br /> <br />(a) <br /> <br />Precluding cancellation or reduction in coverage before the expiration of thirty <br /> <br />(30) days after City shall have received written notification of cancellation or <br /> <br />reduction in coverage by certified mail, return receipt requested; <br /> <br />14 <br />