Agmt12 Southland Construction Management Inc.

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8. Insurance and Indemnification. Contractor, at its sole cost and expense, shall acquire and maintain in full force and effect throughout the term of this Agreement Workers' Compensation, employer's liability, commercial general liability, and owned, non-owned and hired automobile liability insurance coverage relating to Contractor's Work to be pertormed hereunder covering City's risks in form subject to the approval of the City Attorney. The minimum amounts of coverage corresponding to the aforesaid categories of insurance per insurable event shall be as follows: Insurance Cateqorv Minimum Limits Workers' Compensation Statutory minimum. Employer's Liability $1,000,000.00 per accident for bodily injury or disease. Commercial General Liability $1,000,000.00 per occurrence, $2,000,000 aggregate for bodily injury, personal injury and property damage. Automobile Liability $1,000,000 per occurrence, (coverage required to the extent applicable to Contractor's vehicle usage in performing work hereunder). Any deductibles or self-insured retentions must be declared to, and approved by City. At the option of City either Contractor's insurer shall reduce or eliminate the deductibles or self-insured retentions with respect to City, its Council, commissions, boards, committees, officers, employees and agents or Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. Concurrently with the execution of this Agreement, Contractor shall furnish City with certificates and copies of information or declaration pages of the insurance required hereunder and, with respect to evidence of commercial general liability and automobile liability insurance coverage, original endorsements: (a) Precluding cancellation or reduction in coverage before the expiration of thirty (30) days after City shall have received written notification of cancellation or reduction in coverage by first class mail, postage prepaid; (b) Providing that Contractor's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability (cross liability endorsements); (c) Naming City, its Council, commissions, boards, committees, officers, employees and agents as additional insureds; and (d) Providing that Contractor's insurance shall be primary insurance relating to Contractor's work hereunder with respect to City, its Council, commissions, boards, committees, officers, employees and Agents, and further providing that any insurance or self-insurance maintained by City for itself, its Council, VETERANS MEMORIAL KITCHEN EQUIPMENT STORAGE 3