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GENERAL CONDITIONS <br /> GC-1 CERTIFICATE OF INSURANCE <br /> ' The contractor, prior to the execution of the contract, shall obtain and keep in force during <br /> the performance of any and all work under this contract, the following insurance coverages, <br /> provided by companies acceptable to the City and authorized to transact business in the State of <br /> ' Illinois. The insurance companies will be rated by A.M. Best & Company with a rating not <br /> lower than A- and have a financial rating of VI. Coverage limits shall be written at not less than <br /> the minimum specified in this section. Higher minimum limits and additional coverages may be <br /> ' specified by a special condition elsewhere in the contract. <br /> Workers' Compensation and Employer's Liability: <br /> ' Workers compensation insurance shall be provided according to the provisions of the <br /> Illinois Workers' Compensation Act, as amended. <br /> Employer's Liability <br /> a. Each Accident $500,000 <br /> b. Disease -policy limit $500,000 <br /> c. Disease -each employee $500,000 <br /> Commercial General Liability: <br /> General Aggregate Limit $2,000,000 <br /> Products - Completed Operations $2,000,000 <br /> Each Occurrence Limit $1,000,000 <br /> Insurance shall be written on an occurrence form and shall provide coverage for: operations <br /> ' of the contractor, subcontractors (if any),broad form property damage, contractual liability <br /> and the hazards of explosion, collapse and underground (if appropriate). An Umbrella <br /> policy may be used to provide excess limits over underlying policy(ies) to meet the <br /> ' required limits of coverage. <br /> Commercial Automobile Liability: <br /> Bodily Injury& Property Damage Limit Each Occurrence $1,000,000 <br /> The policy shall cover owned,non-owned and hired vehicles. <br /> Certificate: <br /> Upon request the contractor shall file with the City certified copies of all <br /> p <br /> insurance policies and all accompanying endorsements. The contractor shall supply <br /> ' certificates of insurance setting forth the coverage, limits, and endorsements before the <br /> City will execute the contract. The certificate of insurance shall include the City of <br /> Decatur, its officers and employees as an additional insured. In no event shall any failure <br /> of the City of Decatur to receive certificates or to demand receipt be construed as a waiver <br /> of the contractor's obligation to obtain and keep in force the required insurance. <br /> ' ?o <br />