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<br />Insurance Category <br /> <br />Workers' Compensation <br />Employer's Liability <br /> <br />Minimum Limits <br /> <br />Commercial General Liability <br /> <br />Statutory minimum. <br />$1,000,000.00 per accident for <br />bodily injury or disease. <br />$1,000,000.00 per occurrence for <br />bodily injury, personal injury and <br />property damage. <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 performing work <br />hereunder). <br /> <br />Automobile Liability <br /> <br />Any deductibles or self-insured retentions must be declared to, and approved by City. <br />At the option of City either Contractor's insurer shall reduce or eliminate the deductibles <br />or self-insured retentions with respect to City, its Council, commissions, boards, <br />committees, officers, employees and agents or Contractor shall procure a bond <br />guaranteeing payment of losses and related investigations, claim administration and <br />defense expenses. <br />Concurrently with the execution of this Agreement, Contractor shall furnish City with <br />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 <br />liability insurance coverage, original endorsements: <br /> <br />a) Precluding cancellation or reduction in coverage before the expiration of thirty (30) <br />days after City shall have received written notification of cancellation or reduction <br />in coverage by certified mail, return receipt requested; <br /> <br />b) Providing that Contractor's insurance shall apply separately to each insured against <br />whom claim is made or suit is brought, except with respect to the limits of the <br />insurer's liability (cross liability endorsements); <br /> <br />c) Naming City, its Council, commissions, boards, committees, officers, employees <br />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 that <br />any insurance or self-insurance maintained by City for itself, its Council, <br />commissions, boards, committees, officers, employees and agents shall not be <br />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 bid, <br />which bond shall be conditioned upon the faithful performance of all work required to be <br />performed by Contractor under this Agreement. Said bond shall be liable for any and all <br />penalties and obligations which may be incurred by Contractor under this Agreement. <br /> <br />6 <br />