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9-�ais
<br /> Insurance Cateaorv Minimum Limits
<br /> Workers' Compensation Statutory minimum.
<br /> Employer's Liability $1,000,000.00 per accident for
<br /> bodily injury or disease.
<br /> Commercial General Liability $1,000,000.00 per occuRence, $10,000,000.00 aggregate
<br /> for bodily injury, personal injury and
<br /> �- property damage.
<br /> Automobile Liability $1,000,000.00 per accident, $10,000,000.00 agg�egate for
<br /> bodily injury and property damage (coverage required
<br /> to the extent applicable to NORESCO 's vehicle usage in
<br /> performing wo�lc hereunder).
<br /> Any deductibles or self-insured retentions must be declared to, and approved by
<br /> City. At the option of City either NORESCO 's insurer shall reduce or eliminate
<br /> � the deductibles or self-insured retentions with respect to City, its Council,
<br /> commissions, boards, committees, officers, employees and agents or
<br /> NORESCO shall procure a bond guaranteeing payment of losses and related �
<br /> investigations, claim administration and defense expenses.
<br /> Concurrently with the execution of this Agreement, NORESCO 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 /> 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 /> b) Providing that NORESCO '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 /> c) Naming City, its Council, commissions, boards, committees, officers,
<br /> employees and agents as additional insureds; and
<br /> d) Providing that NORESCO 's insurance shall be primary insurance relating to
<br /> NORESCO '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 NORESCO 's insurance and shall not be contributory with it.
<br /> - 8 - 12/12/00
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