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Exhibit C <br /> Insurance Requirements <br /> 1. INSURANCE OBLIGATION. During the Term of this Master Contract, Contractor shall possess and <br /> maintain in full force and effect, at Contractor's sole expense,the following insurance coverages: <br /> a. COMMERCIAL GENERAL LIABILITY INSURANCE. Commercial general liability insurance (and, if <br /> necessary, commercial umbrella liability insurance) covering bodily injury and property <br /> damage, personal injury,and advertising injury liability on an 'occurrence form'that shall <br /> be no less comprehensive and no more restrictive than the coverage provided by <br /> Insurance Services Office (ISO) under the most recent version of form CG 00 01 in the <br /> amount of not less than $2,000,000 per occurrence and $4,000,000 general aggregate. <br /> This coverage shall include blanket contractual liability coverage. This coverage shall <br /> include a cross-liability clause or separation of insured condition. <br /> b. WORKERS' COMPENSATION INSURANCE & EMPLOYER'S LIABILITY (STOP GAP). Contractor shall <br /> comply with applicable Workers' Compensation or Industrial Accident insurance <br /> providing benefits to statutory limits, including Employer's or Stop-Gap Liability with a <br /> minimum limit of $1,000,000 per accident/bodily injury by disease; $1,000,000 policy <br /> limit/Bodily injury by disease; and$1,000,000 each employee. <br /> C. PRODUCTS-COMPLETED OPERATIONS LIABILITY INSURANCE. Products-Completed operations <br /> liability insurance in the amount of not less than $2,000,000 combined single limit per <br /> occurrence, $4,000,000 general annual aggregate for a period of five (5) years after <br /> acceptance of the last bus delivered under this Contract. Products Liability coverage may <br /> be effected through one or more excess liability policies. <br /> d. COMMERCIAL AUTOMOBILE LIABILITY INSURANCE. 'Symbol 1' Commercial Automobile Liability <br /> coverage (and, if necessary, commercial umbrella liability insurance) including coverage <br /> for all owned, hired, and non-owned vehicles. The combined single limit per accident <br /> shall not be less than$2,000,000. <br /> e. PROFESSIONAL LIABILITY (ERRORS & OMISSIONS) INSURANCE. Professional liability insurance In <br /> the amount of not less than$2,000,000 combined single limit per occurrence,$4,000,000 <br /> general annual aggregate. <br /> f. UMBRELLA INSURANCE. Umbrella coverage in the sum of$ shall be provided and <br /> shall apply over all liability policies, without exception, including but not limited to <br /> Commercial General Liability, Employers' Liability, Products-Completed Operations <br /> Liability,Automobile Liability, and Professional Liability. <br /> Claims Made Policies (applicable only to professional liability). If any of the required policies <br /> provide claims-made coverage: <br /> 1. The Retroactive Date must be shown, and must be before the date of the contract or the <br /> beginning of contract work <br /> 2. Insurance must be maintained and evidence of insurance must be provided for at least <br /> five (5)years after completion of the contract work. <br /> MASTER CONTRACT NO.06719-01 <br /> PAGE 34 <br />