Inst 2010 Agmt CIPP - Laserfiche WebLink

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with the City's Risk Manager, all insurance required pursuant to this Section, and such insurance shall have been approved by the City's Risk Manager as to form, amount and carrier. Owner shall not allow any contractor or subcontractor to commence work on any contract or subcontract relating to construction of the applicable Lot 1 or Lot 2 Improvements until all insurance required for Owner and Owner's general contractor shall have been so obtained and approved. City's failure to obtain proof of insurance prior to commencement of work shall not be deemed a waiver of the requirements of this Section 7: The insurance required hereby shall be maintained in full force and effect until the applicable Lot 1 or Lot 2 Improvements are completed and City has issued final acceptance thereof. All requirements set forth herein shall appear either in the body of the insurance policies or as endorsements and shall specifically bind the insurance carrier. 7.1 Minimum Scope of Insurance. Coverage shall be at least as broad as: Insurance Services Office Form CG 0001 covering Commercial General Liability on an "occurrence" basis. 2. Insurance Services Office form number CA 0001 covering Automobile Liability, Code 1 (any auto). 3. Workers' Compensation insurance as required by the State of California and Employers Liability Insurance. 7.2 Minimum Limits of Insurance. Owner shall maintain limits no less than: 1. General Liability (including operations, products and completed operations): $1,000,000 combined single limit per occurrence for bodily injury, personal injury and property damage. If commercial General Liability Insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work performed pursuant to this Agreement or the general aggregate limit shall be twice the required occurrence limit. 2. Automobile Liability: $1,000,000 combined single limit per accident for bodily injury and property damage. 3. Workers' Compensation and Employers Liability: Workers' compensation limits as required by the Labor Code of the State of California and Employers Liability limits of $1,000,000 per accident. 7.3 Deductibles and Self-Insurance Retentions. Any deductibles or self- insured retentions must be declared to and approved by the City. At the option of the City, either the insurer shall reduce or eliminate such deductibles or self- 1328680-7 9