SIEMENS BUILDING TECH 1 -2003 - Laserfiche WebLink

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as Exhibit E and incorporated herein by reference upon execution of this Agreement shall to be approved in form by the City Attorney. B. Business automobile liability insurance, or equivalent from, with a combined single limit of not less than $1,000,000 per occurrence. Such insurance shall include coverage for owned, hired, and non-owned automobiles. C. Worker's Compensation Insurance. In accordance with the provisions of Section 3300 of the Labor Code, Contractor, if Contractor has any employees, is required to be insured against liability for worker's compensation or to undertake self-insurance. Prior to commencing the performance of the work under this Agreement, Contractor agrees to obtain and maintain any employer's liability insurance with limits not less than $1,000,000 per accident. D. If Contractor is or employs a licensed professional such as an architect or engineer: Professional liability (errors and omissions) insurance, with a combined single limit of not less than $1,000,000 per claim. E. The following requirements apply to the insurance to be provided by Contractor pursuant to this section: Contractor shall maintain all insurance required above in full force and effect for the entire period covered by this Agreement. Certificates of insurance shall be furnished to the Customer upon execution of this Agreement and shall be approved in from by the City Attorney. Certificates and policies shall state that the policies shall not be canceled or reduced in coverage or changed in any other material aspect without thirty (30) days prior to written notice to the Customer. F. If Contractor fails or refuses to produce or maintain the insurance required by this section or fails or refuses to furnish the Customer with required proof that insurance has been procured and is in full force and paid for, the Customer shall have the right, at the Customer's election, to forthwith terminate this Agreement. Such termination shall not effect Contractor's right to be paid for its time and materials expended prior to notification of termination. Contractor waives the right to receive compensation and agrees to indemnify the Customer for any work performed prior to approval on insurance by the Customer. Section 14. EVENTS OF DEFAULT AND TERMiNATION. A. By Customer. The term "Event of Default", as used in this Agreement, means the occurrence of any one or more of the following events: 1. Customer fails to make any Contract Payment, or other related payment, as it becomes due in accordance with the terms of this Agreement. Customer's normal billing cycle provides for payment within 30 calendar days of receipt of invoice and any such failure to pay that continues for thirty (30) business days after the due date thereof shall be considered a default;