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18. Insurance.
<br />18.1 Developer shall, before the release of said Parcel Map by City for recordation,
<br />obtain and maintain in full force and effect during the term of this Agreement, at Developer's
<br />own expense and risk, Worker's Compensation, a general comprehensive liability insurance
<br />policy, and owned, non -owned, and hired automobile liability insurance. The minimum amounts
<br />of coverage corresponding to the aforesaid categories of insurance per insurable event shall be as
<br />follows:
<br />Insurance Category
<br />Minimum Limits
<br />Workers'Compensation
<br />Statutory minimum.
<br />Employer's Liability
<br />$1,000,000.00 per accident for bodily injury or disease.
<br />Commercial General Liability
<br />$1,000,000.00 per occurrence, $2,000,000.00 aggregate for
<br />bodily injury, personal injury and property damage.
<br />Automobile Liability
<br />$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 />18.2 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 />18.3 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 first 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 />ATN/AGR/2019.063/MP BRADFORD ASSOCIATES, L.P., - IMPROVEMENT AGREEMENT
<br />REV: 03-21-19 PR
<br />Page 8 of 21
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