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Insurance with limits of at least One Million Dollars ($1,000,000).
<br />Developer shall submit to City, along with the certificate of insurance, a
<br />Waiver of Subrogation endorsement in favor of City, its officers, agents,
<br />employees, and volunteers.
<br />c. Auto Liability. Developer shall provide auto liability coverage for owned,
<br />non -owned, and hired autos using ISO Business Auto Coverage form
<br />CA 00 01, or the exact equivalent, with a limit of no less than One Million
<br />Dollars ($1,000,000) per accident. If Developer owns no vehicles, this
<br />requirement may be met through a non -owned auto endorsement to the
<br />CGL policy.
<br />d. Any deductibles or self-insured retentions must be declared to, and
<br />approved by City. At the option of City either Developer's insurer will
<br />reduce or eliminate the deductibles or self-insured retentions with
<br />respect to City, it's Council, commissions, boards, committees, officers,
<br />employees and agents or Developer will procure a bond guaranteeing
<br />payment of losses and related investigations, claim administration and
<br />defense expenses.
<br />e. Concurrently with the execution of this Agreement, Developer will
<br />furnish City with certificates and copies of information or declaration
<br />pages of the insurance required hereunder and, with respect to evidence
<br />of commercial general liability and automobile liability insurance
<br />coverage, original endorsements:
<br />REV: 11-21-2022 SK
<br />i. Precluding cancellation or reduction in coverage before the
<br />expiration of thirty (30) days after City will have received written
<br />notification of cancellation or reduction in coverage by first class mail,
<br />postage prepaid;
<br />ii. Providing that Developer's insurance will apply separately to
<br />each insured against whom claim is made or suit is brought, except with
<br />respect to the limits of the insurer's liability (cross liability
<br />endorsements);
<br />iii. Naming City, its Council, commissions, boards, committees,
<br />officers, employees and agents as additional insureds; and
<br />iv. Providing that Developer's insurance will be primary
<br />insurance relating to Contractor's work hereunder with respect to City,
<br />its Council, commissions, boards, committees, officers, employees and
<br />Agents, and further providing that any insurance or self-insurance
<br />maintained by City for itself, its Council, commissions, boards,
<br />committees, officers, employees and agents will not be excess of
<br />Contractor's insurance and will not be contributory with it. Such
<br />ATTY/AGR.2022 402/955 Woodside Rd, LLC (Page 6 of 14)
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