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Insurance Category I Minimum Limits
<br />Workers' Compensation I Statutory minimum.
<br />Employer's Liability 1 $1,000,000.00 per accident for bodily injury or disease.
<br />Commercial General Liability $1,000,000.00 per occurrence, $2,000,000.00 aggregate for
<br />bodily injury, personal injury and property damage.
<br />Automobile Liability $2,000,000.00 per occurrence for bodily injury and property
<br />damage (coverage required to the extent applicable to
<br />Contractor's vehicle usage in performing work hereunder).
<br />182 Any deductibles or self-insured retentions must be declared to, and approved by
<br />City. At the option of City either Developer's insurer shall reduce or eliminate the deductibles or
<br />self-insured retentions with respect to City, it's Council, commissions, boards, committees,
<br />officers, employees and agents or Developer shall procure a bond guaranteeing payment of losses
<br />and related investigations, claim administration and defense expenses.
<br />183 Concurrently with the execution of this Agreement, Developer shall furnish City
<br />with 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 liability
<br />insurance coverage, original endorsements:
<br />(a) Precluding cancellation or reduction in coverage before the
<br />expiration of thirty (30) days after City shall have received written notification of
<br />cancellation or reduction in coverage by fust class mail, postage prepaid;
<br />(b) Providing that Developer's insurance shall apply separately to
<br />each insured against whom claim is made or suit is brought, except with respect
<br />to the limits of the insurer's liability (cross liability endorsements);
<br />(c) Naming City, its Council, commissions, boards, committees,
<br />officers, employees and agents as additional insureds; and
<br />(d) Providing that Developer's insurance shall be primary insurance
<br />relating to Contractor's work hereunder with respect to City, its Council,
<br />commissions, boards, committees, officers, employees and Agents, and further
<br />providing that any insurance or self-insurance maintained by City for itself, its
<br />Council, commissions, boards, committees, officers, employees and agents shall
<br />not be excess of Contractor's insurance and shall not be contributory with it.
<br />Such insurance shall also specifically insure any contractual liability assumed by
<br />Developer under the terms of this Agreement, including, but not limited to, the
<br />provisions of subsection (a) above.
<br />18.4 In the event that Developer's insurance is cancelled, Developer shall provide
<br />replacement coverage or all work must cease as of the cancellation date until replacement
<br />insurance coverage is provided.
<br />REV: 08-31-17 PR
<br />Page 8 of22
<br />ATTY/AGR.2017.195/Lane - Broadway, LLC - IA
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