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Coverage <br />Limit of Liability <br />Worker's Compensation Statutory <br />Employer's Liability Bodily Injury by Accident $100,000 (each accident) <br />Bodily injury by Disease $500,000 (policy limit) <br />Bodily injury by Disease $100,000 (each employee) <br />Comprehensive General Liability: Bodily Injury and Property Damage, Combined <br />Including Broad Form Coverage, Limits of $500,000 each Occurrence and $1,000,000 <br />Contractual Liability, Bodily and Aggregate <br />Personal Injury, and Completed <br />Operations (for a period of one year after <br />completion of work) <br />Automobile Liability Insurance (for $500,000 Combined Single Limit per Occurrence <br />automobiles used in performing under <br />this Agreement, including Employer's <br />Non Ownership and Hired Auto <br />Coverage) <br />Professional Liability Coverage (for $500,000 per occurrence $1,000,000 aggregate <br />professional service contract only) <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 />The amounts of the insurance required herein shall be reviewed on the fifth (5 h) anniversary date <br />of this Agreement and each fifth (5a') 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 2017 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 />Board's actions or inactions do not waive the Zone's or Authority's rights under this <br />Agreement. <br />(B) Issuers of Policies. The issuer of each policy shall have a certificate of <br />authority to transact insurance business in Texas or a Best's rating of at least A and a <br />Best's Financial Size Category of Class VI or better, according to the most current edition <br />Bests Key Rating Guide, Property Casualty United States. <br />12 <br />I-IQU:3706553.2 <br />