Laserfiche WebLink
12. City shall maintain at it's cost and expense a policy in such amount and with such <br /> corporate surety as may be approved by City indemnifying City against dishonesty, defalcation, <br /> infidelity or shortage caused by ATE or TMD or any employee of ATE or TMD either <br /> individually or otherwise. <br /> 13. TMD shall maintain, and furnish evidence of, a standard workmen's compensation <br /> and employers liability policy of insurance conforming to the requirements of applicable statute <br /> and covering all employees employed by TMD pursuant to this Agreement. <br /> 14. The City shall provide and keep in force or, if required by the City, TMD shall <br /> provide and keep in force, and furnish evidence of, a contract or contracts of insurance with a <br /> reliable company or with reliable companies authorized to do business in the State of Illinois and <br /> approved by the City by which contracts ATE, TMD and the City are insured against any claim, <br /> demand or loss for injury to persons or damage to property resulting from, growing out of or <br /> connected with the management, supervision and operation of said transit system or its <br /> appurtenant facilities or either of them or any act or omissions to act by ATE or TMD or any of <br /> their employees, which said contracts of insurance shall provide comprehensive general liability <br /> insurance which includes Bodily Injury and Property Damage with combined single limits of <br /> $1,000,000, comprehensive automobile liability which includes Bodily Injury and Property <br /> Damage with combined single limits of$1,000,000, and umbrella liability in an amount of not <br /> less than $10,000,000 except that this obligation shall not require ATE or TMD to furnish <br /> insurance against injury to persons or damage to property caused by the negligence of City or of <br /> its employees. ATE and TMD agree that the City may self-insure for the risks described in this <br /> Paragraph. <br /> 6 <br />