Agmt 2013 San Leandro Improvement Association

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15.1 COMMERCIAL GENERAL LIABILITY INSURANCE in an amount not less than Two Million Dollars ($2,000,000) per occurrence for personal injuries, including accidental death, to any one person; property damage insurance in an amount not less than Two Million Dollars ($2,000,000) and subject to the above limits and combined single limit of insurance in an amount not less than Three Million Dollars ($3,000,000); and 15.2 AUTOMOBILE LIABILITY INSURANCE endorsed for all vehicles (whether rented, leased, hired, scheduled, owned or non-owned), in an amount not less than One Million Dollars ($1,000,000) per occurrence for personal injuries, including accidental death, to any one person; property damage insurance in an amount not less than One Million Dollars ($1,000,000)and subject to the above limits and combined single limit of insurance in an amount not less than One Million Dollars ($1,000,000). 15.3 At all times, the insurance company issuing said policy shall be an "admitted" insurer in the State of California and shall carry an A.M. Best & Company minimum rating of AA:VI!. 15.4 All policies shall contain a "Severability of Interest" clause and a "Primary Coverage" clause for any loss arising out of or caused by SLIA's performance of the Agreement. In addition, the policies shall contain a statement of obligation on the insurance carrier's part to notify City, by registered mail, at least thirty (30)days in advance of any policy cancellation, termination or reduction in the amount of coverage. 15.5 Within thirty (30) days of the first transfer of funds from the City, the SLIA shall deliver to City a "certificate of insurance" and an "additional insured endorsement", both documents countersigned by the insurance carrier or its authorized representative, on forms satisfactory to the City Attorney, which set forth the above provisions. 15.6 The countersigned certificate, along with the additional insured endorsement, shall state: "The City of San Leandro, its elected and appointed officials, officers, agents and employees are named as additional insureds under this policy. This insurance is primary to the coverage of the San Leandro Successor Agency and the City of San Leandro. Neither the Agency nor the City or any of their insurers shall be required to contribute to any loss. This policy contains a severability of interest clause. The issuing company shall mail thirty(30) days advance notice to the City of any policy cancellation, termination or reduction in the amount of coverage." 15.7 Additionally, the certificate of insurance shall state if any claim has been paid or is currently pending under the policy, and if so, the amount of the claim(s) and the amount of liability limits as lowered by the paid or pending claim(s). Any deductibles or self-insured retentions shall be set forth on the certificate and shall be subject to City's review and approval. 15.8 Workers' Compensation Insurance. SLIA understands and agrees that all persons furnishing services to SLIA under this Agreement are, for the purpose of workers' compensation liability, employees solely of SLIA and not of City. SLIA shall bear the sole responsibility and liability for furnishing workers' compensation benefits to its employees, - 10 -