|
�.�`�
<br /> approval of the Ciry Attorney. The minimum amounts of coverage corresponding to the aforesaid
<br /> categories of insurance per
<br /> Insurance CateQOrv Minimum Limits
<br /> Workers' Compensation Statutory minimum.
<br /> Empfoyer's Liability $1,000,000.00 per accident for
<br /> bodily injury or disease.
<br /> Commercial General Liability $1,000,000.00 per occurrence, $2,000,000.0c
<br /> for bodily injury, personal injury and property
<br /> damage.
<br /> Automobile Liability $1,000,000.00 per accident, $2,000,000.00
<br /> for bodily injury and property damage
<br /> (coverage required to the extent applicable tc
<br /> Contractor's vehicle usage in performing worl
<br /> hereunder).
<br /> Any deductibles or self-insured retentions must be declared to, and approved by City. At the
<br /> option of City either Contractor's insurer shall reduce or eliminate the deductibies or self-insured
<br /> retentions with respect to City, its Council, commissions, boards, committees, officers, employees
<br /> and agents or Contractor shall procure a bond guaranteeing payment of losses and retated
<br /> investigations, claim administration and defense expenses.
<br /> Concurrently with the execution of this Agreement, Contractor shall furnish City with certificates
<br /> and copies of informati�n or declaration pages of the insurance required hereunder and, with
<br /> respect to evidence of commercial general liability and automobile liabifity insurance coverage,
<br /> original endorsements:
<br /> a) Precluding cancellation or reduction in coverage before the expiration of thirty (30) days after
<br /> City shall have received written notification of cancellation or reduction in coverage by
<br /> certified mail, return receipt requested;
<br /> b) Providing that Contractor's insurance shall apply separately to each insured against whom
<br /> claim is made or suit is brought, except with respect to the limits of the insurer's liability
<br /> (cross liability endorsements);
<br /> c) Naming City, its Council, commissions, boards, committees, officers, employees and agents
<br /> as additional insureds; and
<br /> d) Providing that Contractor's insurance shall be primary insurance relating to Contractor's
<br /> work hereunder with respect to City, its Council, commissions, boards, committees, officers,
<br /> employees and Agents, and further providing that any insurance or self-insurance
<br /> maintained by City for itself, its Council, commissions, boards, committees, officers,
<br /> employees and agents shall not be excess of Contractor's insurance and shall not be
<br /> contributory with it.
<br /> 9. Contractor shall provide, on the execution of this Agreement, a good and sufficient corporate
<br /> surety bond in the penal sum of one hundred percent (100%) of amount bid, which bond shall be
<br /> conditioned upon the faithful performance of all work required to be performed by Contractor under
<br /> this Agreement. Said bond shall be liable for any and all penalties and obligations which may be
<br /> incurred by Contractor under this Agreement. Acceptance of the bond by the City is subject to the
<br /> review and approval of the bond by the City Attorney's office.
<br /> 10. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish a good and
<br /> sufficient corporate surety bond in the penal sum of one hundred percent (100%) of amount of bid,
<br /> A�mt-405 5
<br /> DES:djk
<br /> F:/Shared/Redwood/Council
<br /> 09/28/00
<br /> ,_ _ _._ _ __ ... . ___... _ __ _.._...__. _. _._.... _�...._
<br />
|