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Insurance Cateaorv Minimum Limits <br /> Workers' Compensation Statutory minimum. <br /> Employer's Liability $1,000,000.00 per accident for <br /> bodily injury or disease. <br /> Commercial General Liability $1,000,000.00 per occurrence, $2,000,000.00 <br /> aggregate for <br /> bodily injury, personal injury and <br /> property damage. <br /> Automobile Liability $2,000,000.00 per occurrence for <br /> bodily injury and property <br /> damage (coverage required to the <br /> extent applicable to Contractor's <br /> vehicle usage in performing work <br /> hereunder). <br /> Any deductibles or self-insured retentions must be declared to, and <br /> approved by City. At the option of City either Owner's insurer shall reduce or <br /> eliminate the deductibles or self-insured retentions with respect to City, iYs Council, <br /> commissions, boards, committees, officers, employees and agents or Owner shall <br /> procure a bond guaranteeing payment of losses and related investigations, claim <br /> administration and defense expenses. <br /> Concurrently with the execution of this Agreement, Owner shall furnish <br /> City with certificates and copies of information or declaration pages of the <br /> � ATTY/AGR/2012.014/SUBDIVISION IIMPROVEMENT AGREEMENT 333 MAIN STREET <br /> REV:VR 07/30/72 <br /> Page 9 of 74 <br />