O-1990-1730 - Laserfiche WebLink

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10.01 11.00 11.01 11.02 - e INSURANCE Contract, types of below: POLICY LIMITS- the Contractor insurance in at For the purposes of the shall carry the following least the limits specified COVERAGES LIMITS OF LIABILITY Worker's Compensation Statutory Employer's Liability $500,000 per occurrence Public Liability, Bodily Injury, Including Death, Except Automobile $500,000 each occurrence $1,000,000 aggregate Property Damage Liability Except Automobile $500,000 each occurrence $1,000,000 aggregate Automobile Bodily Injury Liability, (owned and non- owned), Including Death $500,000 each person $1,000,000 ea. occurrence Automobile Property Damage Liability (owned and non-owned) $500,000 each occurrence Excess Umbrella Liability $5,000,000 ea. occurrence PERFORMANCE BOND - Upon award of the Contract, the Contractor shall furnish to the City a corporate surety bond, issued by a corporate surety licensed to do business in the state of Texas, as security for the faithful performance of this Contract. Said surety bond must be in the amount of three hundred and fifty thousand dollars ($350,OOO.OQ), which represents the estimated billing for the first year of the Contract. The bond shall indemnify the City against any loss resulting from any failure of performance by the Contractor up to and including the penal sum of the bond. PREMIUM - shall be the surety full shall The premium for the bond{s) described above paid by the Contractor. A certificate from showing that the bond premiums are paid in accompany the bond. POWER OF ATTORNEY Attorneys in fact who sign performance bonds or contract bonds must file with each bond a certified and effectively dated copy of their power of attorney. PAGE 11 OF 21