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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 /> 18.2 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 /> 18.3 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 /> (c) Naming City, its Council, commissions, boards,
<br /> committees, officers, employees and agents as additional insureds; and
<br /> (d) Providing that Developer's insurance shall be primary
<br /> insurance relating to Contractor's work hereunder with respect to City, its
<br /> Council, commissions, boards, committees, officers, employees and
<br /> Agents, and further providing that any insurance or self-insurance
<br /> maintained by City for itself, its Council, commissions, boards,
<br /> committees, officers, employees and agents shall not be excess of
<br /> Contractor's insurance and shall not be contributory with it. Such
<br /> insurance shall also specifically insure any contractual liability assumed
<br /> by Developer under the terms of this Agreement, including, but not
<br /> limited to, the provisions of subsection (a) above.
<br /> 19. In the event that Developer's insurance is cancelled, Developer shall provide replacement
<br /> coverage or all work must cease as of the cancellation date until replacement insurance coverage is
<br /> provided.
<br /> 20. Workers' Compensation Insurance. Developer shall provide, or cause to be provided,
<br /> Workers' Compensation insurance as required by law, and shall cause its contractors and their
<br /> subcontractors, agents and representatives to also maintain Workers' Compensation insurance as required
<br /> ATTY/AGR/2013.009/SUBDIVISION IMPROVEMENT AGREEMENT ONE MARINA
<br /> REV:01-14-13 VR
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