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<br />8/20/2003 <br /> <br />The msurance, at a mInImUm, must include the following coverage's and limits of <br />liability: <br /> <br />Comprehensive General Liability: <br />Including Broad Form Coverage, <br />Contractual Liability, Bodily and <br />Personal Injury, and Completed <br />Operations (for a period of one year after <br />completion of work) <br /> <br />Automobile Liability Insurance (for <br />automobiles used in performing under <br />this Agreement, including Employer's <br />Non-Ownership and Hired Auto <br />Coverage) <br /> <br />Professional Liability Coverage (for <br />professional service contract only) <br /> <br />Defense costs are excluded from the face amount ofthe policy. <br />Aggregate Limits are per 12-month policy period unless otherwise indicated. <br /> <br />Coverage <br /> <br />Worker's Compensation <br /> <br />Employer's Liability <br /> <br />Limit of Liability <br /> <br />Statutory <br /> <br />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 /> <br />Bodily Injury and Property Damage, Combined <br />Limits of $500,000 each Occurrence and $1,000,000 <br />Aggregate <br /> <br />$500,000 Combined Single Limit per Occurrence <br /> <br />$500,000 per occurrence $1,000,000 aggregate <br /> <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 /> <br />The amounts of the insurance required herein shall be reviewed on the fifth (5th) anniversary date <br />of this Agreement and each fifth (5th) 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 2003 dollars. <br /> <br />(A) Form of Policies. The La Porte Board may approve the form of the <br />insurance policies, but nothing the La Porte Board does or fails to do relieves Developer of its <br />obligation to provide the required coverage under this Agreement. The La Porte Board's actions <br />or inactions do not waive the La Porte Zone's or La Porte Authority's rights under this <br />Agreement. <br /> <br />13 <br />