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EXHIBIT 2 <br />(c) Workers' Compensation (WC). As required by the State of California, <br />with statutory limits, and Employers' Liability insurance with a limit of no less than $1,000,000 <br />per accident, policy, employee for bodily injury or disease. <br />(d) Builder's Risk (Course of Construction) (BR). Utilizing an "All Risk" <br />(Special Perils) coverage form, with limits equal to the completed value of the project and no co- <br />insurance penalty provisions. <br />(e) Surety Bonds as described below. <br />(f) Professional Liability (PL). With limits no less than $1,000,000 per <br />occurrence or claim, and $2,000,000 policy aggregate. The Professional Liability coverage may be <br />obtained by Developer's architect or other design profession, provided that the coverage meets all <br />other requirements of this Agreement and City consents to the coverage in writing. <br />(g) Pollution Legal Liability and/or Errors and Omissions (PLL). With <br />limits no less than $50,000. <br />These insurance requirements shall not in any way act to reduce coverage that is broader or <br />includes higher limits than the minimums shown above. If Developer maintains broader coverage <br />and/or higher limits than the minimums shown above, City shall be entitled to the broader <br />coverage and/or the higher limits maintained by Developer. Insurance provided under this contract <br />shall not contain any restrictions or limitations which are inconsistent with City's rights under this <br />contract. <br />15.2 Self -Insured Retentions. Self -insured retentions must be declared to and approved <br />by City. At the option of City, Developer shall cause its insurer(s) to reduce or eliminate such self - <br />insured retentions as respects City; or Developer shall provide a financial guarantee satisfactory to <br />City guaranteeing payment of losses and related investigations, claim administration, and defense <br />expenses. <br />15.3 Other Insurance Provisions. The insurance policies are to contain, or be endorsed <br />to contain, the following provisions: <br />(a) City of Santa Ana, its City Council, officers, officials, employees, agents, <br />and volunteers are to be covered as additional insureds on Contractor's CGL and AL policies with <br />respect to liability arising out of work operations performed by or on behalf of Developer <br />including materials, parts, and equipment furnished in connection with such work or operations <br />and automobiles owned, leased, hired, or borrowed by or on behalf of Developer. Additional <br />insured status can be provided in the form of an endorsement to Developer's insurance. <br />(b) For any claims related to this project, Developer's insurance coverage shall <br />be primary insurance coverage as respects City of Santa Ana, its City Council, officers, officials, <br />employees, agents, and volunteers. Any insurance or self-insurance maintained by City of Santa <br />Ana, its City Council, officers, officials, employees, agents, or volunteers shall not contribute with <br />it. <br />21 <br />5 53 94.0010 1 \42414134.1 <br />