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<br />liability: <br />Coverage Limit of Liability <br /> <br /> Statutory <br /> <br /> Bodily Injury by Accident $100,000 (each <br />accident) Bodily injury by Disease $500,000 <br />(policy limit) Bodily injury by Disease $100,000 <br />(each employee) <br /> <br />Comprehensive General Liability: Bodily Injury and Property Damage, Combined <br />Including Broad Form Coverage, Limits of $500,000 each Occurrence and <br />Contractual Liability, Bodily and Personal $1,000,000 Aggregate <br />Injury, and Completed Operations (for a <br />period of one year after completion of <br />work) <br /> <br />Automobile Liability Insurance (for $500,000 Combined Single Limit per Occurrence <br />automobiles used in performing under this <br />Ownership and Hired Auto Coverage) <br /> <br />Professional Liability Coverage (for $500,000 per occurrence $1,000,000 aggregate <br />professional service contract only) <br /> <br />Defense costs are excluded from the face amount of the policy. Aggregate Limits are per <br />12 month policy period unless otherwise indicated. <br />If the amount of any contract awarded by Developer to construct the Public Improvements shall <br />exceed $1,000,000, Developer shall contract with the contractor to maintain Commercial General <br />Liability coverage and the Auto Liability coverage for at least twice the combined minimum <br />limits specified above. <br />th <br />The amounts of the insurance required herein shall be reviewed on the fifth (5) anniversary date <br />th <br />of this Agreement and each fifth (5) year thereafter until the construction of the Project is <br />completed and shall be increased, if necessary, so that the amount of such coverage is at all times <br />generally equal to the limits described herein measured in year 2021 dollars. <br />(A) Form of Policies. The Authority Board may approve the form of the <br />insurance policies, but nothing the Authority Board does or fails to do relieves Developer <br />of its obligation to provide the required coverage under this Agreement. The Authority <br />Agreement. <br />12 <br />011782.0153271 EMF_US 84032577v3 <br /> <br />