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liability for any alleged acts or omissions under this Section 16.3,then such rights or obligations <br /> of indemnity hereunder shall be governed by principles of comparative fault. <br /> 17. Insurance. <br /> 17.1 Developer shall, before the release of said final map by City for recordation, <br /> obtain and maintain in full force and effect during the term of this Agreement, at Developer's <br /> own expense and risk, Worker's Compensation, a general comprehensive liability insurance <br /> policy, and owned, non-owned, and hired automobile liability insurance. The minimum amounts <br /> of coverage corresponding to the aforesaid categories of insurance per insurable event shall be as <br /> follows: <br /> Insurance Cate�OrX Minimum Limits <br /> Workers' Compensation Statutory minimum. <br /> Employer's Liability $1,000,000.00 per accident for bodily injury or disease. <br /> Commercial General Liability $1,000,000.00 per occurrence, $2,000,000.00 aggregate for <br /> bodily injury,personal injury and property damage. <br /> Automobile Liability $2,000,000.00 per occurrence for bodily injury and property <br /> damage(coverage required to the extent applicable to <br /> Contractor's vehicle usage in performing work hereunder). <br /> 17.2 Any deductibles or self-insured retentions must be declared to, and approved by <br /> City. At the option of City either Developer's insurer shall reduce or eliminate the deductibles or <br /> self-insured retentions with respect to City, it's Council, commissions, boards, committees, <br /> officers, employees and agents or Developer shall procure a bond guaranteeing payment of losses <br /> and related investigations, claim administration and defense expenses. <br /> 17.3 Concurrently with the execution of this Agreement, Developer shall furnish City <br /> with 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 liability <br /> insurance coverage, original endorsements: <br /> (a) Precluding cancellation or reduction in coverage before the <br /> expiration of thirty (30) days after City shall have received written <br /> notification of cancellation or reduction in coverage by first class mail, <br /> postage prepaid; <br /> (b) Providing that Developer's insurance shall apply separately <br /> to each insured against whom claim is made or suit is brought, except with <br /> respect to the limits of the insurer's liability (cross liability endorsements); <br /> ATTY/AGR/2012.055/SUBDIVISION IMPROVEMENT AGREEMENT 201 MARSHALL <br /> REV:06-05-12 VR <br /> Page 7 of 16 <br />