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3. Workers' Compensation and Employers Liability: Workers' <br />compensation limits as required by the Labor Code of the State of <br />California and Employers Liability limits of $1,000,000 per accident. <br />(c) Deductibles and Self-Insurance Retentions. Any deductibles or self-insured <br />retentions must be declared to and approved by the City. At the option of the <br />City, either the insurer shall reduce or eliminate such deductibles or self-insured <br />retentions as respects the City, its officers, officials and employees; or the Owner <br />shall procure a bond guaranteeing payment of losses and related investigations, <br />claim administration and defense expenses. <br />(d) Other Insurance Provisions. The policies are to contain, or be endorsed to <br />contain, the following provisions: <br />1. General Liability and Automobile Liability Coverages. <br />a. The City, its officers, agents, officials, employees and <br />volunteers shall be named as additional insureds as respects: <br />liability arising out of activities performed by or on behalf of the <br />owner; products and completed operations of the Owner, <br />premises owned, occupied or used by the Owner, or automobiles <br />owned, leased, hired or borrowed by the Owner. The coverage <br />shall contain no special limitations on the scope of the <br />protection afforded to the City, its officers, officials, employees <br />or volunteers. <br />b. T`he Owner's insurance coverage shall be primary insurance as <br />respects the City, its officers, officials, employees and <br />volunteers. Any insurance or self-insurance maintained by the <br />STANDARD PUBLIC IMPROVEMENT AGREEMENT Page 10 of 16 <br />G:A_LD\ Address\400 Hudson Ln -Hudson PropertyU 155057}.DOC <br />1155057.3 <br />