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endorsement providing completed operations to the additional insured, ISO form CG 20 37,
<br />is also required.
<br />12.2 Workers' Compensation. Property Owner shall maintain Workers'
<br />Compensation Insurance (Statutory Limits) and Employer's Liability Insurance with limits of
<br />at least One Million Dollars ($1,000,000). Property Owner shall submit to City, along with
<br />the certificate of insurance, a Waiver of Subrogation endorsement in favor of City, its officers,
<br />agents, employees, and volunteers.
<br />12.3 Auto Liability. Property Owner shall provide auto liability coverage for owned,
<br />non -owned, and hired autos using ISO Business Auto Coverage form CA 00 01, or the exact
<br />equivalent, with a limit of no less than One Million Dollars ($1,000,000) per accident. If
<br />Property Owner owns no vehicles, this requirement may be met through a non -owned auto
<br />endorsement to the CGL policy.
<br />12.4 AnvdedUctibles or self-insured retentions must be declared to, and aproved
<br />by City. At the option of City either Property Owner's insurer will reduce or eliminate the
<br />deductibles or self-insured retentions with respect to City, it's Council, commissions, boards,
<br />committees, officers, employees and agents or Property Owner will procure a bond
<br />guaranteeing payment of losses and related investigations, claim administration and
<br />defense expenses.
<br />12.5 Concurrently with the execution of this Agreement, Property Owner will furnish
<br />City 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
<br />liability insurance coverage, original endorsements:
<br />(a) Precluding cancellation or reduction in coverage before the expiration
<br />of thirty (30) days after City will have received written notification of cancellation or reduction
<br />in coverage by first class mail, postage prepaid;
<br />(b) Providing that Property Owner's insurance will apply separately to
<br />each insured against whom claim is made or suit is brought, except with respect to the limits
<br />of the insurer's liability (cross liability endorsements);
<br />(c) Naming City, its Council, commissions, boards, committees, officers,
<br />employees and agents as additional insureds; and
<br />(d) Providing that Property Owner's insurance will be primary insurance
<br />relating to Contractor's work hereunder with respect to City, its Council, commissions,
<br />boards, committees, officers, employees and Agents, and further providing that any
<br />insurance or self-insurance maintained by City for itself, its Council, commissions, boards,
<br />committees, officers, employees and agents will not be excess of Contractor's insurance
<br />and will not be contributory with it. Such insurance will also specifically insure any contractual
<br />liability assumed by Property Owner under the terms of this Agreement, including, but not
<br />limited to, the provisions of subsection (a) above.
<br />12.6 In the event that Property Owner's insurance is cancelled, Property Owner will
<br />REV: 04-07-2022 SK
<br />ATTY/AGR.2022.084/South Main STMMA (Page 5 of 22)
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