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approval by City's Risk Manager. Failure to maintain any insurance coverage required by <br />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 <br />general liability insurance policy with coverage of not less than $500,000 combined <br />single limit per occurrence, with aggregate of $1 million, for bodily injury, personal <br />injury or property damage. Such policy shall contain a contractual liability <br />endorsement to cover Contractor's indemnification obligations under this contract. <br />The policy shall also contain an endorsement naming City as an additional insured, in <br />a form satisfactory to City, and expressly providing that the interest of City shall not be <br />,~ affected by Contractor's breach of policy provisions. <br />9.2. Automobile Liability. Contractor shall maintain an automobile liability insurance policy <br />with coverage of not less than $500,000 combined single limit per occurrence, with <br />aggregate of $1 million, for bodily injury, personal injury or property damage. The <br />coverage shall include both hired and non-owned auto liability. The policy shall also <br />contain an endorsement naming City as an additional insured, in a form satisfactory to <br />City, and expressly providing that the interest of City shall not be affected by <br />Contractors breach of policy provisions. <br />9.3. Workers' Compensation Insurance. Contractor shall comply with the Oregon Workers' <br />Compensation law by qualifying as acarrier-insured employer or as aself-insured <br />employer and shall strictly comply with all other applicable provisions of such taw. <br />Contractor shall provide City with such further assurances as City may require from <br />time to time that Contractor is in compliance with these Workers' Compensation <br />coverage requirements and the Workers' Compensation law. Contractor is a subject <br />employer that will comply with ORS 656.017. <br />10. Performance and Payment Bonds. Not required. <br />11. Termination and Suspension. City may terminate this contract or suspend the Work at <br />any time for any reason considered by City, in the exercise of its sole discretion, to be in the <br />public interest. In the event the suspension of the work is not the result of a labor dispute <br />and this contract is not terminated, Contractor shall be entitled to a reasonable extension of <br />the time for completion, to be determined by the City, and shall be compensated for all <br />actual verified costs incurred as a result of the suspension, plus Contractor's standard <br />overhead with respect to such costs. In the event of a termination of this contract under <br />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 <br />shall be compensated for the Work performed on the basis of the Contract Sum in the case <br />of any fully completed separate item or portion of the Work for which there is a separate or <br />unit price and with respect to any other portion of the Work shall be paid a percent of the <br />Contract Sum allocated to such other Work equal to the percentage of Work completed to <br />the date of termination. Provided, however, none of the foregoing provisions concerning <br />compensation in the event of a suspension of Work or termination of this contract shall apply <br />if such suspension or termination occurs as a result of Contractor's violation of any Federal, <br />State or local statutes, ordinances, rules or regulations or as a result of any violation by <br />Public Improvement Contract (Comp) -Page 3 <br />(Revised April 1998) <br />