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$500,000/$500,000/$500,000 <br />4.Professional Liability/Errors and Omissions Coverage (if applicable) <br />Per Claim Limit: $ 500,000 <br />Per Occurrence: $1,500,000 <br />Aggregate Limit: $2,000,000 <br /> This policy is to be written as acceptable to the AUTHORITY. <br />Certificates of Insurance must indicate if the policy is issued on a claims- <br />made or occurrence basis. If coverage is carried on a claims-made basis, <br />then: 1) the retroactive date shall be noted on the Certificate and shall be <br />prior to or the day of the inception of the AGREEMENT; and 2) evidence <br />of coverage shall be provided for three years beyond expiration of the <br />AGREEMENT. <br />The AUTHORITY, Ramsey County, their officials, employees, and agents, <br />shall be added to the policy as additional insured; a separation of insureds <br />endorsement shall be provided to the benefit of the AUTHORITY and <br />Ramsey County. <br />5.Crime and Fidelity Bond (if applicable): $ <br />C.GRANTEE shall notify its insurer that the AUTHORITY is requiring third <br />party notice of mid-term cancellation per Minn. Stat. § 60A.36, Subd. 2a, <br />such notice to the insurer to be provided to the AUTHORITY when the <br />required Certificate of Insurance is delivered. <br />D.The above sub-paragraphs establish minimum insurance requirements, and <br />it is the sole responsibility of GRANTEE to purchase and maintain <br />additional coverages as it may deem necessary in connection with this <br />AGREEMENT. <br />E.Certificate of Insurance must indicate if the policy is issued pursuant to <br />these requirements. GRANTEE shall not commence work until the <br />GRANTEE has obtained the required insurance and filed an acceptable <br />Certificate of Insurance with AUTHORITY. Copies of insurance policies <br />shall be submitted to the AUTHORITY upon request. <br />F.Nothing in this AGREEMENT shall constitute a waiver by the <br />AUTHORITY or Ramsey County of any statutory or common law <br />immunities, limits, or exceptions on liability. <br />G.Certificates shall specifically indicate if the policy is written with an <br />admitted or non-admitted carrier. Best’s Rating for the insurer shall be <br />noted on the Certificate, and shall not be less than an A. <br />6 <br /> <br />