R2011-20 AUTHORIZING AN AGREEMENT WITH PHILLIP W. COCHRAN ENGINEERING

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4. Qualification of Insurers. All policies will be written with insurance carriers qualified to do business in the State of Illinois rated A-VIII or better in the latest Best's Key Rating Guide. 5. Form of Policy. All policies shall be written on the most current Insurance Service Office(ISO) or National Council on Compensation Insurance(NCCI) form or a manuscript form if coverage is broader than the ISO or NCCI form. 6. Time of Submission; Certificate of Insurance. At or before the time of execution of this agreement and prior to commencing any work activity on the project,the Consulting Engineer shall provide the City's Representative with certificates of insurance showing evidence the insurance policies noted below are in full force and effect and giving the City's Representative at least 30 days written notice prior to any change,cancellation,or non-renewal except in the case of cancellation for non-payment of premium,in which case notice shall be 10 days. The certificates shall be attached hereto as Exhibit E.The Consulting Engineer shall provide any renewal certificates of insurance automatically to the City's Representative at least 30 days prior to policy expiration. The certificate must certify the following: a. Name and address of party insured. b. Name(s)of insurance company or companies. C. Name and address of authorized agent executing such certificate. d. Description of type of insurance and coverage afforded thereunder. e. Insurance policy numbers. f. Limits of liability of such policies and date of expiration of policies. g. To the extent the same is available, insurance company or companies shall further certify that said policies shall not be modified,cancelled or terminated until after no less than thirty(30) days written notice to the City's Representative. 7. Types and Limits of Insurance. The Consulting Engineer shall provide the following: a. Workers'Compensation: Coverage A: Statutory Limits Coverage B: One hundred thousand dollars($100,000)employer's liability limits for each accident or per disease,per employee. Said policies shall be endorsed to cover any disability benefits or Federal compensation acts if applicable. b. General Liability: Combined single limits of one million dollars($1,000,000)per occurrence. General Liability Insurance shall include: Personal Injury Liability coverage. C. Automobile Liability: Combined single limits of one million dollars ($1,000,000)per occurrence. Auto liability shall include hired and non-owned autos. d. Professional Liability: A professional liability errors and omissions policy with limits of one million dollars($1,000,000)per claim. If said policy is written on a claims made basis,the retroactive date of the policy must predate the date of this agreement. In addition,the policy term must extend one year beyond completion date of this agreement.