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7. Insurance and Other Legal Requirements 7.1 Insurance The Contractors hall provide and maintain in full force and effect during the entire term of this ontract, regular Contractor's General Liability Insurance, with the City as an additional insured, providing for a limit of not less than Two Million Dollars ($2,000,000.00) for all damages arising out of bodily injuries or death of one person, and subject to that limit for each person, and regular Contractor's automobile, property damage liability insurance providing for a limit of not less than One Million Dollars ($1,000,000.00) for all damages arising out of destruction of property in any one accident, and subject to that limit per accident. The Contractor shall also provide workers' compensation insurance and employers' liability insurance as required by law. Policies or coverage required shall be updated as necessary to meet at least the amounts specified in Minnesota Statues § 466.04 for each year of the Contract. Contractor shall provide Environmental Impairment Liability (Pollution Legal Liability) for sudden and non -sudden (gradual) pollution occurrences covering all facilities and equipment owned and used by Contractor, or its agents or employees. Limits of liability shall be no less than $5,000,000 for each occurrence and $5,000,000 aggregate and shall continue for a two-year period following termination of this Agreement. Such policies shall provide for 10 days' notice to the City of any change, cancellation, or lapse of such policy. The Certificates of Insurance shall name the City as an additional insured, and state that the Contractor's coverage shall be the primary coverage in the event of a loss. Acceptance of the insurance by the City shall not relieve, limit, or decrease the liability of the Contractor. The Contractor shall further guarantee and save harmless and indemnify the City of and from any and all loss, damage, claims, suits, judgments ,and recoveries which may be asserted, made or may arise or be had, brought or recovered against the City by reason of any of the foregoing claims except such as are caused by the existence of the disposal sites at the locations specified or contemplated in the Contract; and that it shall immediately appear and defend the same as its own cost and expense. Prior to the effective date of this Contract, the Contractor shall file a copy of such policies with the Recycling Coordinator. 7.2 Worker's Compensation Evidence of Workers Compensation insurance covering all employees of the Contractor and subcontractors engaged in the performance of the Contract, in accordance with the Minnesota Workers Compensation Law shall be required. 7.3 Equal Opportunity During the performance of the executed contract compliance with Executive Order 11246, as amended by Executive Order 11375 and Department of Labor Regulations 41 CFR, Part 60 will be required. 7.4 Performance A Performance Bond as required by State Statute will be required to be fully executed and approved by the City 30 days prior to the start of the Contract. 7.5 Payment Bond A Payment Bond as required by State Statute will be required to be fully executed and approved by the City 30 days prior to the start of the Contract. 7.6 Conflict of Interest No member, officer, or employee of the City shall have any interest, direct or indirect, in the executed contract or the proceeds thereof. Violation of this provision shall cause the executed contract to be null and void. RFP for City of Arden Hills Recycling Services . 11