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S:efd N1lMBER: Plr107-O1 <br />Sl'IE NAME: Pleaesntoo-C (fly Tower) <br />a general aggregate limit is used, either the general aggregate limit shall apply separately to this <br />project/location or the general aggregate limit shall be twice the required occurrence limit. <br />2. Employer's Liability: One Million Dollazs ($1,000,000) per accident for bodily injury or disease. <br />3. Property Insurance: Full replacement cost with no coinsurance penalty provision. <br />4. Automobile Liability: One Million Dollazs ($1,000,000) per accident for bodily injury and property <br />damage. <br />(c) Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions shall be declared to the <br />Lessor. If Lessee does not provide evidence of compliance with regulatory requirements for self-insurance upon <br />request, Lessor may require Lessee to post a bond guaranteeing payment of losses and reasonably related expenses for <br />any claims arising out of performance of this contract. Lessor and Lessee waive any right of recovery against the <br />other for loss due to hazards covered by the above insurance, and shall require their insurance policies to reflect the <br />foregoing waiver ofclaims. - <br />(d) Other Insurance Provisions. The general liability policy shall contain, or be endorsed to contain, the following <br />provisions: <br />Lessor, its officers, officials, employees, agents and volunteers aze to be covered as insureds as respects: <br />liability azising out of Premises owned, occupied, or used by the Lessee. The coverage shall contain no <br />special limitations of the scope of protection afforded to Lessor, its officers, officials, employees, agents, or <br />volunteers. <br />2. Lessee's insurance coverage shall be primary insurance as respects Lessor, its officers, officials, <br />employees, and volunteers. Any insurance or self-insurance maintained by Lessor, its officers, officials, <br />employees, agents, or volunteers shall be in excess of Lessee's insurance and shall not contribute with <br />it. <br />3. Any failure to comply with reporting or other provisions of the policies including breaches of warranties <br />shall not affect coverage provided to Lessor, its officers, officials, employees, agents, or volunteers, unless <br />such breach is caused by the negligence or misconduct of Lessor, its officers, officials, employees, agents, <br />or volunteers. <br />4. Coverage shall state that Lessee's insurance shall apply separately to each insured against whom a claim <br />is made or suit is brought, except with respect to the limits of the insurer's liability. <br />5. Insurer shall endeavor to provide thirty (30) days written notice by certified mail, return receipt requested, to <br />Additional Insured prior to suspension or cancellation of coverage for any reason. <br />(e) Acce abili y of InsLrers. Insurance is to be placed with insurers with a current A.M. Best's rating of no less <br />than A:VII. <br />(f) Verification of Coverage. Lessee shall furnish the Lessor with Certificates of Insurance, and copies of <br />endorsements required by this contract. The endorsements aze to be signed by a person authorized by the insurer to <br />bind coverage on its behalf. All Certificates are to be received by the Lessor before work begins. <br />(g) At its discretion, Lessee may self insure exposure to loss by its own policy. <br />R4 6 of 16 INiI7AI.ED BY: <br />5/24/96 <br />