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Automobile Liability $1,000,000 per accident for bodily injury <br /> and property damage (coverage <br /> required to the extent applicable to <br /> Consultant's vehicle usage in <br /> performing services hereunder) <br /> <br /> Professional Liability $1,000,000 per claim and Aggregate <br /> <br />With respect to professional liability insurance, Developer shall require each Consultant <br />that-i~ :pbrforming architectural and/or engineering serviCes to maintai~ PrbfesSional <br />Liability insurance that shall provide coverage for claims arising out of errors, omissions, <br />or negligent acts in connection with the performance of the Services. The professional <br />liability insurance shall have limits of not less than $1 Million for each insured, with such <br />limits applying separately to each insured and each policy shall be endorsed to extend <br />the reporting period for claim arising from the Services two years from the date the <br />Services are complete and accepted by the City or the Project is complete, whichever <br />occurs later. City and Agency reserve the right to require Developer to obtain, or have <br />its Consultants obtain, additional insurance coverage, limits and/or further extensions of <br />the reporting period. Such additional insurance shall be on forms and with insurance <br />companies satisfactory to the City and Agency. The City and Agency shall pay the <br />actual cost of such additional coverage, which cost shall be subject to prior approval by <br />the City and Agency, upon receipt of evidence that the coverage is in place and that the <br />premium has been paid. <br /> <br /> Concurrent with the execution of this Agreement, Developer and Developer's <br />Consultants shall furnish City with certificates and copies of information or declaration <br />pages of the insurance required hereunder and, with respect to evidence of commercial <br />general liability and automobile liability insurance coverage, original endorsements: <br /> <br /> (a) Precluding cancellation or reduction in coverage before the expiration of <br />thirty (30) days after City shall have received written notification of cancellation or <br />reduction in coverage by first class mail; <br /> <br /> (b) Providing that Developer's and Developer's Consultants' insurance shall <br />apply separately to each insured against whom claim is made or suit is brought, except <br />with respect to the limits of the insurer's liability (cross liability endorsement); <br /> <br />F :Atty/Ag r/Ag r. 119 <br />052003 10 <br /> <br /> <br />