Common use of City Insurance Requirements Clause in Contracts

City Insurance Requirements. The City shall be responsible for maintaining the following insurance coverage throughout the term of this Contract: (1) Property Damage for all City Property for the full fair market value of such Property. (2) Comprehensive General Liability covering all premises owned or under the control of the City. (3) Liability for all motor vehicles and Equipment owned and provided by the City and operated by the Contractor under the scope of Services of this Contract. (4) The City shall pay for and maintain its own Comprehensive General Liability Insurance or maintain a self-insuring fund for the term of this Contract for delivery of Services within the scope of this Contract in the amount determined by the City to adequately insure the City’s liability assumed herein, but in no event shall coverage be less than the minimum amount of statutory waiver of sovereign immunity as provided by laws of the State of Georgia. In the event such coverage is modified in any regard before the expiration date of this Contract, and unless otherwise agreed, the City will provide at least thirty (30) days’ prior written notice to the Contractor.