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<br />Insurance Cateaorv <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 />$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 Contractors 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 />Contractors 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 <br />Council, commissions, boards, committees, officers, employees and agents <br />shall not be excess of Contractors insurance and shall not be contributory <br />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 (1000/0) 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 />Commercial General Liability <br /> <br />6 <br />