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Exhibit B
<br />Exhibit B
<br />Insurance Provided by Developer or its contractors
<br />General Liability. Commercial general liability insurance with coverage at least as broad
<br />as Insurance Services Office form CG 00 01, in an amount not less than two million dollars
<br />($2,000,000) per occurrence, four million dollars ($4,000,000) general aggregate, for bodily
<br />injury, personal injury, and property damage, including without limitation, blanket contractual
<br />liability and coverage for explosion, collapse and underground property damage hazards.
<br />General liability policies shall be primary and non-contributory, and be endorsed using
<br />Insurance Services Office form CG 20 10, or its equivalent, to provide that Owner, its officers,
<br />officials, employees and volunteers shall be named an additional insured during Developer’s
<br />operations and a CG 20 37 endorsement, or its equivalent, for completed operations under such
<br />policies. Policy shall cover owner, its officers, officials, employees, and volunteers for all
<br />locations work is done under this contract.
<br />Workers’ Compensation. Workers’ compensation insurance (Statutory Limits) and
<br />employer’s liability insurance with limits of at least one million dollars ($1,000,000). Developer or
<br />its contractors shall submit to Owner, along with the certificate of insurance, a Waiver of
<br />Subrogation endorsement in favor of Owner.
<br />Auto Liability. Auto liability coverage for owned, non-owned, and hired autos using ISO
<br />Business Auto Coverage form CA 00 01, or the exact equivalent, with a limit of no less than one
<br />million dollars ($1,000,000) per accident. If Developer’s contractors own no vehicles, this
<br />requirement may be met through a non-owned auto endorsement to the commercial general
<br />liability policy.
<br />Contractors Pollution Liability. Pollution coverage shall be provided on a contractor’s
<br />pollution liability form or other form acceptable to Owner providing coverage for liability arising
<br />out of sudden, accidental and gradual pollution, abatement and remediation. The policy limit
<br />shall be no less than one million dollars ($1,000,000) per claim and in the aggregate. All
<br />activities contemplated in this Demolition Agreement shall be specifically scheduled on the
<br />policy as “covered operations.” The policy shall provide coverage for the hauling of waste from
<br />the Demolition License Area to the final disposal location, including non-owned disposal sites.
<br />General Requirements. Any deductibles or self-insured retentions must be declared to,
<br />and approved by Owner. At the option of Owner either the insurer will reduce or eliminate the
<br />deductibles or self-insured retentions with respect to Owner or Developer or its contractors will
<br />procure a bond guaranteeing payment of losses and related investigations, claim administration
<br />and defense expenses. Any deductible or self-insured retention payments shall be an Out-of-
<br />Pocket Cost.
<br />Concurrently with the execution of this Demolition Agreement, and within 5 business
<br />days’ following any assignment of this Demolition Agreement to a new Owner, Developer will
<br />furnish Owner with certificates and copies of information or declaration pages of the insurance
<br />required hereunder and, with respect to evidence of commercial general liability and automobile
<br />liability insurance coverage, original endorsements:
<br />A.Precluding cancellation or reduction in coverage before the expiration of thirty
<br />(30) days after Owner will have received written notification of cancellation or reduction in
<br />coverage by first class mail, postage prepaid;
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