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8. Contractor, at its sole cost and expense, shall acquire and maintain in full force and effect
<br /> throughout the term of this Agreement Workers' Compensation, employer's liability,
<br /> commercial general liability, and owned, non-owned and hired automobile liability
<br /> insurance coverage relating to Contractor's Work to be performed hereunder covering
<br /> City's risks in form subject to the approval of the City Attorney. The minimum amounts of
<br /> coverage corresponding to the aforesaid categories of insurance per
<br />
<br /> Insurance Cateqory Minimum Limits
<br /> Workers' Compensation Statutory minimum.
<br /> Employer's Liability $1,000,000.00 per accident for
<br /> bodily injury or disease.
<br />
<br /> Commercial General Liability $1,000,000.00 per occurrence,
<br /> $2,000,000.00 for bodily injury, persona
<br /> injury and property damage.
<br />
<br /> Automobile Liability $1,000,000.00 per accident,
<br /> $2,000,000.00 for bodily injury and
<br /> property damage (coverage required to
<br /> the extent applicable to Contractor's
<br /> vehicle usage in performing work
<br /> hereunder).
<br /> Any deductibles or self-insured retentions must be declared to, and approved by City. At
<br /> the option of City either Contractor's insurer shall reduce or eliminate the deductibles or
<br /> self-insured retentions with respect to City, its Council, commissions, boards, committees,
<br /> officers, employees and agents or Contractor shall procure a bond guaranteeing payment
<br /> of losses and related investigations, claim administration and defense expenses.
<br />
<br /> Concurrently with the execution of this Agreement, Contractor shall furnish City with
<br /> 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
<br /> liability insurance coverage, original endorsements:
<br />
<br /> a) Precluding cancellation or reduction in coverage before the expiration of thirty (30)
<br /> days after City shall have received written notification of cancellation or reduction in
<br /> coverage by certified mail, return receipt requested;
<br />
<br /> b) Providing that Contractor's insurance shall apply separately to each insured against
<br /> whom claim is made or suit is brought, except with respect to the limits of the
<br /> insurer's liability (cross liability endorsements);
<br />
<br /> c) Naming City, its Council, commissions, boards, committees, officers, employees and
<br /> agents as additional insureds; and
<br />
<br /> d) Providing that Contractor's insurance shall be primary insurance relating to
<br /> Contractor's work hereunder with respect to City, its Council, commissions, boards,
<br /> committees, officers, employees and Agents, and further providing that any
<br /> insurance or self-insurance maintained by City for itself, its Council, commissions,
<br /> boards, committees, officers, employees and agents shall not be excess of
<br /> Contractor's insurance and shall not be contributory with it.
<br />
<br /> 9. Contractor shall provide, on the execution of this Agreement, a good and sufficient
<br /> corporate surety bond in the penal sum of one hundred percent (100%) of amount bid,
<br /> which bond shall be conditioned upon the faithful performance of all work required to be
<br />
<br />F :Atty/Ag r/Ag r.045
<br />061402 5
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