Laserfiche WebLink
<br />guarantee, City may perform the work necessary to effectuate such <br />correction and recover the costthereofJrom Contractor or his sureties. <br /> <br />Any and all other special guarantees which may be applicable to definite <br />parts of the work under this Agreement shall be considered as an additional <br />guarantee and shall not reduce or limit the guarantee as provided by <br />Contractor pursuant to this paragraph during the first year of the life of such <br />guarantee. <br /> <br />7. Business License Contractor will obtain and maintain a City of Redwood City <br />Business License for the term of the Agreement, as may be amended from <br />time-to-time. <br /> <br />8. Insurance and Indemnification. Contractor, at its sole cost and expense, <br />shall acquire and maintain in full force and effect throughout the term of this <br />Agreement Workers' Compensation, employer's liability, commercial <br />general liability, and owned, non-owned and hired automobile liability <br />insurance coverage relating to Contractor's Work to be performed <br />hereunder covering City's risks in form subject to the approval of the City <br />Attorney. The minimum amounts of coverage corresponding to the <br />aforesaid categories of insurance per insurable event shall be as follows: <br /> <br />Insurance Cateaorv <br />Workers' Compensation <br /> <br />Minimum Limits <br />Statutory minimum. <br /> <br />Employer's Liability <br /> <br />$1,000,000.00 per accident for bodily injury <br />or disease. <br /> <br />Commercial General Liability <br /> <br />$1,000,000.00 per occurrence, $2,000,000 <br />aggregate for bodily injury, personal injury <br />and property damage. <br /> <br />Automobile Liability $1,000,000 per occurrence, (coverage <br />required to the extent applicable to <br />Contractor's vehicle usage in performing <br />work hereunder). <br /> <br />Any deductibles or self-insured retentions must be declared to, and <br />approved by City. At the option of City either Contractor's insurer shall <br />reduce or eliminate the deductibles or self-insured retentions with respect to <br />City, its Council, commissions, boards, committees, officers, employees and <br />agents or Contractor shall procure a bond guaranteeing payment of losses <br />and related investigations, claim administration and defense expenses. <br /> <br />Concurrently with the execution of this Agreement, Contractor shall 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 <br />general liability and automobile liability insurance coverage, original <br />endorsements: <br /> <br />3 <br />