4.13. SR 03-07-2016 - Laserfiche WebLink

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EXHIBIT C FAIRGROUNDS LEASE EXHIBIT INSURANCE REQUIREMENTS The Sherburne County Agricultural Society shall procure and maintain for the duration of the contract, insurance coverage for injuries to persons or damages to the property which may arise from or in connection with the performance of the work hereunder by the Sherburne County Agricultural Society, their agents, representatives, employees, sub -lessees or contractors. Minimum Scone of Insurance: Coverage shall be at least as broad as follows: 1.1 Insurance Services Office (ISO) Commercial General Liability coverage (occurrence form CG 00 01 or a substitute form providing equivalent coverage), and shall cover liability arising from premises, operations, independent contractors, products -completed operations, personal injury, advertising, and liability assumed under an insured contract (including tort liability of another assumed in a business contract). 1.2 Business Automobile Liability coverage shall be written on ISO for CA 00 01, CA 00 05, CA 00 12, CA 00 20, or substitute for providing equivalent liability coverage. Such insurance shall cover liability arising out of any auto (including owned, hired, and non - owned autos). 1.3 Worker's Compensation as required by the State of Minnesota, and Employer's Liability insurance. 2. Minimum Limits of Insurance: Sherburne County Agricultural Society shall maintain NO LESS THAN: 2.1 Commercial General Liability (CGL) and if necessary, Commercial Umbrella Liability: $1,500,000 each occurrence/ $3,000,000 General Aggregate. If Commercial General Liability insurance contains a general aggregate limit, it shall apply separately to this project/location, or the general aggregate limit shall be twice the required occurrence limit. 2.2 Business Automobile Liability and if necessary, Commercial Umbrella Liability: $1,500,000 each accident for bodily injury and property damage. 2.3 Employer's Liability: as required by the State of Minnesota. 3. Deductibles and Self -Insured Retention Any deductibles or self-insured retention must be declared to and approved by the County. At the option of the County, either: the insurer shall reduce or eliminate such deductibles or self-insured retention as respects Sherburne County, its agents, officers, directors, and employees; or the Sherburne County Agricultural Society procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses; or the Sherburne County Agricultural Society shall provide requested financial statements for the purpose of verifying financial solvency, and acceptance of deductibles or self-insured retention based on this verification.