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<br />Insurance Cateaorv
<br />Workers' Compensation
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<br />Minimum Limits
<br />Statutory minimum.
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<br />Employer's Liability
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<br />$1,000,000.00 per accident for bodily injury or
<br />disease.
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<br />Commercial General Liability $1,000,000.00 per occurrence, $2,000,000
<br />aggregate for bodily injury, p~rson I injury and
<br />property damage. .
<br />~ , I 000. c::o:=>. 00 t3J..
<br />Automobile Liability $2,099,000.00 per occur~~ e, (coverage
<br />required to the extent applicable to Contractor's
<br />vehicle usage in performing work hereunder).
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<br />Any deductibles or selfwinsured retentions must be declared to, and approved by
<br />City. At the option of City either Contractor's insurer shall reduce or eliminate the
<br />deductibles or self-insured retentions with respect to City, its Council,
<br />commissions, boards, committees, officers, employees and agents or Contractor
<br />shall procure a bond guaranteeing payment of losses and related investigations,
<br />claim administration and defense expenses.
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<br />Concurrently with the execution of this Agreement, Contractor shall furnish City
<br />with certificates and copies of information or declaration pages of the insurance
<br />required hereunder and, with respect to evidence of commercial general liability
<br />and automobile liability insurance coverage, original endorsements:
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<br />(a) Precluding cancellation or reduction in coverage before the expiration of
<br />thirty (30) days after City shall have received written notification of
<br />cancellation or reduction in coverage by first class mail, postage prepaid;
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<br />(b) PrOViding that Contractor's insurance shall apply separately to each insured
<br />against whom claim is made or suit is brought, except with respect to the
<br />limits of the insurer's liability (cross liability endorsements);
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<br />(c) Naming City, its Council, commissions, boards, committees, officers,
<br />employees and agents as additional insureds; and
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<br />(d) Providing that Contractor's insurance shall be primary insurance relating to
<br />Contractor's work hereunder with respect to City, its Council, commissions,
<br />boards, committees, officers, employees and Agents, and further providing
<br />that any insurance or self-insurance maintained by City for itself, its
<br />Cquncil, commissions, boards, committees, officers, employees and agents
<br />shall not be excess of Contractor's insurance and shall not be contributory
<br />With it.
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<br />9. Contractor shall provide, on the execution of this Agreement, a good and sufficient
<br />corporate surety bond in the penal sum of one hundred percent (1000/0) of amount
<br />bid, which bond shall be conditioned upon the faithful performance of all work
<br />required to be performed by Contractor under this Agreement. Said bond shall be
<br />liable for any and all penalties and obligations which may be incurred by Contractor
<br />under this Agreement. Acceptance of the bond by the City is subject to the review
<br />and approval of the bond by the City Attorney's office.
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