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shall be subject to approval by City's Risk Manager. Failure to maintain any insurance coverage <br />required by this contract shall be cause for immediate termination of this contract by City. <br />9.1 Commercial General Liability. Contractor shall maintain a broad form commercial general <br />liability insurance policy with coverage of not less than $500,000 combined single limit per <br />occurrence, with aggregate of $1 million, for bodily injury, personal injury or property <br />damage. Such policy shall contain a contractual liability endorsement to cover Contractor's <br />indemnification obligations under this contract. The policy shall also contain an endorsement <br />naming City as an additional insured, in a foml satisfactory to City, and expressly providing <br />that the interest of City shall not be affected by Contractor's breach of policy provisions. <br />9.2 Automobile Liability. Contractor shall maintain an automobile liability insurance policy with <br />coverage of not less than $500,000 combined single limit per occurrence, with aggregate of $1 <br />million, for bodily injury, personal injury or property damage. The coverage shall include <br />both hired and non-owned auto liability. The policy shall also contain an endorsement naming <br />City as an additional insured, in a form satisfactory to City, and expressly providing that the <br />interest of City shall not be affected by Contractor's breach of policy provisions. <br />9.3 Workers' Compensation Insurance. Contractor shall comply with the Oregon Workers' <br />Compensation law byqualifying as acarrier-insured employer or as aself-insured employer <br />and shall strictly comply with all other applicable provisions of such law. Contractor shall <br />provide City with such fiuther assurances as City may require from time to time that <br />Contractor is in compliance with these Workers' Compensation coverage requirements and the <br />Workers' Compensation law. Contractor is a subject employer that will comply with ORS <br />656.017. <br />10. Performance and Payment Bonds. Not required <br />~ , <br />11. Termination and Suspension. City may terminate this contract or suspend the Work at anytime for <br />any reason considered by City, in the exercise of its sole discretion, to be in the public interest. In the <br />event the suspension of the work is not the result of a labor dispute and this contract is not terminated, <br />Contractor shall be entitled to a reasonable extension of the time for completion, to be determined by <br />the City, and shall be compensated for all actual verified costs incurred as a result of the suspension, <br />plus Contractor's standard overhead with respect to such costs. In the event of a termination of this <br />contract under these provisions, Contractor shall be compensated for any preparatory work and actual, <br />verified costs and expenses incurred as a result of the termination. In addition, Contractor shall be <br />compensated for the Work performed on the basis of the Contract Sum in the case of any fully <br />completed separate item or portion of the Work for which there is a separate or unit price and with <br />respect to any other portion of the Work shall be paid a percent of the Contract Sum allocated to such <br />other Work equal to the percentage of Work completed to the date of termination. Provided, <br />however, none of the foregoing provisions concerning compensation in the event of a suspension of <br />Work or termination of this contract shall apply if such suspension or termination occurs as a result of <br />Contractor's violation of any Federal, State or local statutes, ordinances, rules or regulations or as a <br />Public Improvement Contract (Comp}-Page 3 <br />(Revised Apri11998) <br />