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12. Insurance. Developer will obtain and maintain in full force and effect during the
<br />term of this Agreement the following insurance policies:
<br />12.1 General Liability. Developer shall maintain commercial general liability
<br />insurance with coverage at least as broad as Insurance Services Office form CG
<br />00 01, in an amount not less than Two Million Dollars ($2,000,000) per occurrence,
<br />Four Million Dollars ($4,000,000) general aggregate, for bodily injury, personal
<br />injury, and property damage, including without limitation, blanket contractual
<br />liability and coverage for explosion, collapse and underground property damage
<br />hazards. Developer's general liability policies shall be primary and non-
<br />contributory, and be endorsed using Insurance Services Office form CG 20 10 to
<br />provide that City and its officers, officials, employees, and agents shall be
<br />additional insureds under such policies. For construction contracts, an
<br />endorsement providing completed operations to the additional insured, ISO form
<br />CG 20 37, is also required.
<br />12.2 Workers' Compensation. Developer shall maintain Workers' Compensation
<br />Insurance (Statutory Limits) and Employer's Liability Insurance with limits of at
<br />least One Million Dollars ($1,000,000). Developer shall submit to City, along with
<br />the certificate of insurance, a Waiver of Subrogation endorsement in favor of City,
<br />its officers, agents, employees, and volunteers.
<br />12.3 Auto Liability. Developer shall provide auto liability coverage for owned,
<br />non -owned, and hired autos using ISO Business Auto Coverage form CA 00 01,
<br />or the exact equivalent, with a limit of no less than One Million Dollars ($1,000,000)
<br />per accident. If Developer owns no vehicles, this requirement may be met through
<br />a non -owned auto endorsement to the CGL policy.
<br />12.4 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 reduce or
<br />eliminate the deductibles or self-insured retentions with respect to City, it's Council,
<br />commissions, boards, committees, officers, employees and agents or Developer
<br />will procure a bond guaranteeing payment of losses and related investigations,
<br />claim administration and defense expenses.
<br />12.5 Concurrently with the execution of this Agreement, Developer will furnish
<br />City with certificates and copies of information or declaration pages of the
<br />insurance required hereunder and, with respect to evidence of commercial general
<br />liability and automobile liability insurance coverage, original endorsements:
<br />REV: 07-22-25 VR
<br />(a). Precluding cancellation or reduction in coverage before the
<br />expiration of thirty (30) days after City will have received written notification
<br />of cancellation or reduction in coverage by first class mail, postage prepaid;
<br />(b). Providing that Developer's insurance will apply separately to each
<br />insured against whom claim is made or suit is brought, except with respect
<br />ATTY/AGR.2025.181/SF21G, LLC (3070 Sterling Way) (Page 5 of 16)
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