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reasonable attorneys’fees, arisingout of or resulting from any third party claim based on the grossly negligent or wrongful act or omission of the other Party, its officers, agents, employees, contractors and/or subcontractors, pertaining to the Work. Nothing herein shall be construed as a limitation on or waiver of any immunities or limitations on liability available to the City under Minnesota Statutes, Chapter 466, or other law. 17. Insurance. Prior to starting the Work and during the full term of this Agreement, the Contractor shall procure and maintain, at Contractor’s expense, as follows: a. Workers Compensation insurance for all employees performing Work under this Agreement in accordance with Minnesota law. The Contractor shall also provide Employer’s Liability Insurance with minimum limits as follows: i. $500,000 – Bodily Injury by Disease per employee ii. $500,000 – Bodily Injury by Disease aggregate iii. $500,000 – Bodily Injury by Accident If Minnesota Statutes, Section 176.041 exempts the Contractor from Workers’ Compensation insurance, the Contractor must provide a written statement, signed by an authorized representative, indicating the qualifying exemption that excludes the Contractor from the Minnesota Workers’ Compensation requirements. b. Professional/Technical(Errorsand Omissions) Liability Insurance Contractor is required to maintain Professional Liability(ErrorsandOmissions) Insurance that provides coverage for all claims the Contractor may become legally obligated to pay resulting from any actual or alleged negligent act, error, or omission related to the Contractor’s Work required under the contract. The Contractor is required to carry the following minimum limits: • $1,500,000 – per occurrence • $2,000,000 – annual aggregate The retroactive or prior acts date of such coverage shall not be after the effective date of the contract and the Contractor shall maintain such insurance for a period of at least two (2) years, following completion of the Work. If such insurance is discontinued, extended reporting period coverage must be obtained by the Contractor to fulfill this requirement. 18. Conflicts. No salaried officer or employee of the City and no member of the City Council of the City shall have a financial interest, direct or indirect, in this Agreement. The violation of this provision shall render this Agreement void. 4 RS160\\9\\1015876.v1 Qbhf!94!pg!231