INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA-RC) (CITY MANAGER) (2)

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project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit. 2) Workers' Compensation insurance as required by the State of California, with Statutory Limits, and Employer's Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease. 3) Professional Liability (Errors and Omissions) Insurance appropriates to ICMA- RC's profession, with limit no less than $2,000,000 per occurrence or claim, $2,000,000 aggregate. B. If ICMA-RC maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by the contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City. C. The insurance policies are to contain, or be endorsed to contain, the following provisions: 1) Additional Insured Status- The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the ICMA-RC including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to ICMA-RC's insurance. 2) Primary Coverage- For any claims related to this contract, ICMA-RC's insurance coverage shall be primary insurance primary coverage at least as broad as ISO CG 20 0104 13 as respects the City, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by the City, its officers, officials, employees, or volunteers shall be excess of ICMA- RC's insurance and shall not contribute with it. 3) Notice of Cancellation- Each insurance policy required above shall state that coverage shall not be canceled, except with notice to the City. 4) Waiver of Subrogation- ICMA-RC hereby grants to City a waiver of any right to subrogation, which any insurer of said ICMA-RC may acquire against the City by virtue of the payment of any loss under such insurance. ICMA-RC agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer. D. Self -Insured Retentions- Self -insured retentions must be declared to and approved by the City. The City may require ICMA-RC to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim Page 2 of 4