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Insurance Cateqory Minimum Limits <br /> Workers' Compensation Statutory minimum. <br /> <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, $2,000,000 <br /> aggregate for bodily injury, personal injury and <br /> property damage. <br /> <br /> Automobile Liability $2,000,000.00 per occurrence, (coverage <br /> required to the extent applicable to Contractor's <br /> vehicle usage in performing work hereunder). <br /> <br /> Any deductibles or self-insured retentions must be declared to, and approved by <br /> City. At the option of City either Contractor's insurer shall reduce or eliminate the <br /> deductibles or self-insured retentions with respect to City, its Council, <br /> commissions, boards, committees, officers, employees and agents or Contractor <br /> shall procure a bond guaranteeing payment of losses and related investigations, <br /> claim administration and defense expenses. <br /> <br /> Concurrently with the execution of this Agreement, Contractor 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 <br /> thirty (30) days after City shall have received written notification of <br /> cancellation or reduction in coverage by first class mail, postage prepaid; <br /> <br /> (b) Providing that Contractor'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 Contractor's insurance shall be primary insurance relating to <br /> Contractor'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 <br /> not be excess of 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 <br /> bid, which bond shall be conditioned upon the faithful performance of all work <br /> required to be performed by Contractor under this Agreement. Said bond shall be <br /> liable for any and all penalties and obligations which may be incurred by Contractor <br /> under this Agreement. Acceptance of the bond by the City is subject to the review <br /> and approval of the bond by the City Attorney's office. <br /> <br />F:Atty/Agr/Agr. 059 <br />071902 6 <br /> <br /> <br />