Laserfiche WebLink
<br />Insurance Category <br /> <br />Workers' Compensation <br />Employer's Liability <br /> <br />Minimum Limits <br /> <br />Statutory minimum. <br />$1,000,000.00 per accident for <br />bodily injury or disease. <br /> <br />Commercial General Liability <br /> <br />$1,000,000.00 per occurrence for <br />bodily injury, personal injury and <br />property damage. <br /> <br />Automobile Liability <br /> <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 />Any deductibles or self-insured retentions must be declared to, and approved <br /> <br />by City. At the option of City either Contractor's insurer shall reduce or eliminate the <br /> <br />deductibles or self-insured retentions with respect to City, its Council, commissions, <br /> <br />boards, committees, officers, employees and agents or Contractor shall procure a bond <br /> <br />guaranteeing payment of losses and related investigations, claim administration and <br /> <br />defense expenses. <br /> <br />Concurrently with the execution of this Agreement, Contractor shall furnish <br /> <br />City with certificates and copies of information or declaration pages of the insurance <br /> <br />required hereunder and, with respect to evidence of commercial general liability and <br /> <br />automobile liability insurance coverage, original endorsements: <br /> <br />(a) <br /> <br />Precluding cancellation or reduction in coverage before the expiration of thirty (30) <br /> <br />days after City shall have received written notification of cancellation or reduction <br /> <br />in coverage by certified mail, return receipt requested; <br /> <br />AGREEMENT <br />2/10/98 <br /> <br />13 <br />