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As of 01/07/08 <br /> 39.2 Commercial General Liability insurance <br /> Commercial General Liability insurance shall be at the limits of at least $1,000,000 general <br /> aggregate, $1,000,000 personal and advertising injury, $1,000,000 each occurrence $50,000 <br /> fire damage and $1,000 medical expense for any one person. The policy shall be on an <br /> "occurrence" basis, shall include contractual liability coverage and the City shall be named an <br /> additional insured. <br /> This insurance includes up to $10,000 expenses to extract pollutants from land or water at <br /> the "premises" if the discharge, dispersal, seepage, migration, release, escape or emission of <br /> the pollutants is caused by or results form a covered cause of loss. <br /> 39.3 Commercial Automobile Liability insurance <br /> Commercial Automobile Liability insurance covering all owned, non-owned and hired <br /> automobiles with limits of at least $1,000,000 per accident. This insurance includes a cause <br /> of loss where there is a spill of fuels and lubricants used in the vehicle for its operation. <br /> 39.4 Director's & Officers Insurance or Errors & Omissions <br /> Director's & Officers Insurance or Errors & Omissions insurance providing coverage for <br /> "wrongful act" any actual or alleged error, misstatement, misleading statement, act or <br /> omission, neglect or breach of duty. The insurance policy provides $1,000,000 each <br /> occurrence and $1,000,000 aggregate limit of liability for each year. <br /> Acceptance of the insurance by the City shall not relieve, limit or decrease the liability of the <br /> Contractor. Any policy deductibles or retention shall be the responsibility of the Contractor. <br /> The Contractor shall control any special or unusual hazards and be responsible for any <br /> damages that result from those hazards. The City does not represent that the insurance <br /> requirements are sufficient to protect the Contractor's interest or provide adequate coverage. <br /> Evidence of coverage is to be provided on a City-approved Insurance Certificate. A thirty- <br /> (30) date written notice is required if the policy is canceled, not renewed or materially <br /> changed. The Contractor shall require any of its subcontractors to comply with these <br /> provisions. <br /> 40. Transfer of interest <br /> The Contractor shall not assign any interest in the contract, and shall not transfer any interest <br /> in the contract, either by assignment or novation, without the prior written approval of the City. <br /> The Contractor shall not subcontract any services under this contract without prior written <br /> approval of the City. Failure to obtain such written approval by the City prior to any such <br /> assignment or subcontract shall be grounds for immediate contract termination. <br /> The Contractor currently subcontracts to provide service to old corrugated containers (OCC) <br /> customers that require dumpster capacity. This subcontract is annual and the Contractor will <br /> notify the City in writing if there is a change in providers. <br /> 41. Non-Assignability and Bankruptcy <br /> The parties hereby agree that the Contractor shall have no right to assign or transfer its rights <br /> and obligations under said agreement without written approval from the City. In the event, the <br /> Contractor, its successors or assigns files for Bankruptcy as provided by federal law, this <br /> agreement shall be immediately deemed null and void relieving all parties of their contract <br /> rights and obligations. <br /> 17 <br />