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<br />Insurance Cateaory <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, $10,000,000.00 aggregate <br />for bodily injury, personal injury and <br />property damage. <br />$1,000,000.00 per accident, $10,000,000.00 aggregate for <br />bodily injury and property damage (coverage required <br />to the extent applicable to NORESCO 's vehicle usage in <br />performing work hereunder). <br /> <br />Automobile Liability <br /> <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 /> <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 /> <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 /> <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 /> <br />c) Naming City, its Council, commissions, boards, committees, officers, <br />employees and agents as additional insureds; and <br /> <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 /> <br />- 8- <br /> <br />12/12/00 <br />