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reduce or limit the guarantee as provided by Contractor pursuant to this paragraph <br /> during the first year of the life of such guarantee. <br /> <br /> 7. Contractor hereby agrees to indemnify and save harmless City, its Council, officers, <br /> boards, commissions, agents and employees of and from any and all claims, suits or <br /> actions of every name, kind and description which may be brought against City, its <br /> Council, officers, boards, commissions, agents, or employees by reason of any injury to <br /> or death of any person or damage suffered or sustained by any person or corporation, <br /> caused by, or alleged to have been caused by, any act or omission to act, negligent or <br /> otherwise, of Contractor, its officers, agents or employees in the performance of any <br /> work required of Contractor by this Agreement. <br /> <br /> The duty of Contractor to indemnify and save harmless, as set forth herein, shall include <br /> a duty to defend as set forth in Section 2778 of the California Civil Code; provided, <br /> however, that nothing herein shall be construed to require Contractor to indemnify City, <br /> its Council, officers, boards, commissions, agents and employees against any <br /> responsibility or liability in contravention of Section 2782 of the California Civil Code. <br /> <br /> 8. Contractor, at its sole cost and expense, shall acquire and maintain in full force and <br /> effect throughout the term of this Agreement Workers' Compensation, employer's <br /> liability, commercial general liability, and owned, non-owned and hired automobile <br /> liability insurance coverage relating to Contractor's Work to be performed hereunder <br /> covering City's risks in form subject to the approval of the City Attorney. The minimum <br /> amounts of coverage corresponding to the aforesaid categories of insurance per <br /> insurable event shall be as follows: <br /> <br /> Insurance Category Minimum Limits <br /> Workers' Compensation Statutory minimum. <br /> <br /> Employer's Liability $1,000,000.00 per accident for bodily injury or <br /> disease. <br /> <br /> Commemial General Liability $1,000,000.00 per occurrence, $2,000,000 <br /> aggregate for bodily injury, personal injury and <br /> property damage. <br /> <br /> Automobile Liability $2,000,000.00 per occurrence, (coverage <br /> required to the extent applicable to Contractor's <br /> vehicle usage in performing work hereunder). <br /> <br /> Any deductibles or self-insured retentions must be declared to, and approved by City. At <br /> the option of City either Contractor's insurer shall reduce or eliminate the deductibles or <br /> self-insured retentions with respect to City, its Council, commissions, boards, <br /> committees, officers, employees and agents or Contractor shall procure a bond <br /> guaranteeing payment of losses and related investigations, claim administration and <br /> defense expenses. <br /> <br /> Concurrently with the execution of this Agreement, Contractor shall furnish City with <br /> certificates and copies of information or declaration pages of the insurance required <br /> hereunder and, with respect to evidence of commercial general liability and automobile <br /> liability insurance coverage, original endorsements: <br /> <br />F:Atty/Agr/Agr.120 <br />052003 5 <br /> <br /> <br />