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REV: 10-10-24 LF <br />Hardware 50% <br />Heating & Air <br />Conditioning <br />65% <br />Hub/Rim 20% <br />Ignition 65% <br />Lighting 70% <br />Sealant 60% <br />Starter 70% <br />Steering 70% <br />Suspension 60% <br />Tire Tubes & <br />Accessories <br />55% <br />Transmission 10% <br />Windshield <br />Accessories <br />60% <br />III.INSURANCE <br />1. Insurance. Vendor will obtain and maintain for the duration of the Master Purchase <br />Agreement and any and all amendments, insurance against claims for injuries to persons <br />or damage to property, which may arise out of or in connection with delivery of the Goods <br />or performance of the Services by Vendor or Vendor’s agents, representatives, <br />employees or subcontractors. The insurance carrier is required to maintain an A.M. Best <br />rating of not less than “A-: VII”. <br />1.1 Coverages and Limits. Vendor, at its sole expense, will maintain the types <br />of coverages and minimum limits indicated below, unless otherwise approved by <br />City in writing. These minimum amounts of coverage will not constitute any <br />limitations or cap on Vendor's indemnification obligations under this Master <br />Purchase Agreement. <br />1.1.1 Commercial General Liability Insurance. Vendor will maintain <br />occurrence based coverage with limits not less than $2,000,000 per <br />occurrence. If the submitted policies contain aggregate limits, such limits <br />will apply separately to the Services, project, or location that is the subject <br />of this Master Purchase Agreement or the aggregate will be twice the <br />required per occurrence limit. The Commercial General Liability insurance <br />policy will be endorsed to name the City, its officers, agents, employees and <br />volunteers as additional insureds, and to state that the insurance will be <br />ATTY/AGR.2024.187/Parts Warehouse Distributors, Inc. dba City Auto Supply(Supply of Light-Duty Auto Parts) (Page 9 of 10)