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EXHIBIT 2 <br /> INSURANCE REQUIREMENTS <br /> MEMORANDUM OF UNDERSTANDING <br /> CITY OF SAN LEANDRO <br /> Before beginning any work under this Agreement, SLTMO, at its own cost and expense,unless <br /> otherwise specified below, shall procure the types and amounts of insurance listed below against <br /> claims for injuries to persons or damages to property that may arise from or in connection with the <br /> performance of the work hereunder by the SLTMO and its agents,representatives, employees, and <br /> subcontractors. Consistent with the following provisions, SLTMO shall provide proof satisfactory to <br /> City and Agency of such insurance that meets the requirements of this section and under forms of <br /> insurance satisfactory in all respects to the City and Agency. SLTMO shall maintain the insurance <br /> policies required by this section throughout the term of this Agreement. SLTMO shall not allow any <br /> subcontractor to commence work on any subcontract until SLTMO has obtained all insurance <br /> required herein for the subcontractor(s)and provided evidence thereof to City and Agency. <br /> Verification of the required insurance shall be submitted and made part of this Agreement prior to <br /> execution. <br /> 1.1 Workers' Compensation. SLTMO shall, at its sole cost and expense,maintain <br /> Statutory Workers' Compensation Insurance and Employer's Liability Insurance for <br /> any and all persons employed directly or indirectly by SLTMO. The Statutory <br /> Workers' Compensation Insurance and Employer's Liability Insurance shall be <br /> provided with limits of not less than ONE MILLION DOLLARS ($1,000,000.00)per <br /> accident. In the alternative, SLTMO may rely on a self-insurance program to meet <br /> those requirements,but only if the program of self-insurance complies fully with the <br /> provisions of the California Labor Code. Determination of whether a self-insurance <br /> program meets the standards of the Labor Code shall be solely in the discretion of the <br /> City. The insurer, if insurance is provided, or the SLTMO,if a program of self- <br /> insurance is provided, shall waive all rights of subrogation against the City,that <br /> Agency, and their respective officers,officials, employees,and volunteers for loss <br /> arising from work performed under this Agreement. <br /> 1.2 Commercial General and Automobile Liability Insurance. <br /> 1.2.1 General requirements. SLTMO, at its own cost and expense,shall maintain <br /> commercial general and automobile liability insurance for the term of this <br /> Agreement in an amount not less than ONE MILLION DOLLARS <br /> ($1,000,000.00)per occurrence, combined single limit coverage for risks <br /> associated with the work contemplated by this Agreement. If a Commercial <br /> General Liability Insurance or an Automobile Liability form or other form <br /> with a general aggregate limit is used, either the general aggregate limit shall <br /> apply separately to the work to be performed under this Agreement or the <br /> general aggregate limit shall be at least twice the required occurrence limit. <br /> Such coverage shall include but shall not be limited to,protection against <br /> claims arising from bodily and personal injury, including death resulting <br />