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<br />8. Contractor, at its sole cost and expense, shall acquire and maintain in full force and
<br />effect throughout the term of this Agreement Workers' Compensation, employer's
<br />liability, commercial general liability, and owned, non-owned and hired automobile
<br />liability insurance coverage relating to Contractor's Work to be performed hereunder
<br />covering City's risks in form subject to the approval of the City Attorney. The minimum
<br />amounts of coverage corresponding to the aforesaid categories of insurance per
<br />insurable event shall be as follows:
<br />
<br />Insurance CateQorv
<br />Workers' Compensation
<br />
<br />Minimum Limits
<br />Statutory minimum.
<br />
<br />Employer's Liability
<br />
<br />$1,000,000.00 per accident for bodily injury or
<br />disease.
<br />
<br />Commercial General Liability
<br />
<br />$1,000,000.00 per occurrence, $1,000,000
<br />aggregate for bodily injury, personal injury and
<br />property damage.
<br />
<br />Automobile Liability $1,000,000.00 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 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,
<br />committees, officers, employees and agents or Contractor shall procure a bond
<br />guaranteeing payment of losses and related investigations, claim administration and
<br />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 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 limits of
<br />the insurer's liability (cross liability endorsements);
<br />
<br />(c) Naming City, its Council, commissions, boards, committees, officers, employees
<br />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, 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 />performed by Contractor under this Agreement. Said bond shall be liable for any and all
<br />penalties and obligations which may be incurred by Contractor under this Agreement.
<br />
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