Commercial General Liability Coverage. 1. The City, the Board, their officers, employees, agents and contractors are to be covered as additional insureds as respects: Liability arising out of activities performed by or on behalf of, the Bank; products and completed operations of the Bank; and automobiles owned, leased, hired or borrowed by Bank. The coverage shall contain no special limitations on the scope of protection afforded to City, the Board, their officers, employees, agents and contractors. 2. The Bank’s insurance coverage shall be primary insurance as respects City, the Board, their officers, employees, agents and contractors. Any insurance or self-insurance maintained by City, the Board, their officers, employees, agents, or contractors shall be -excess of Bank’s insurance and shall not contribute with it. 3. Any failure to comply with reporting provisions of the policies by the Bank shall not affect coverage provided City, the Board, their officers, employees, agents or contractors. 4. Coverage shall state that the Bank’s insurance shall apply separately to each insured against who claim is made or suit is brought, except with respect to the limits of the insurer’s liability. 5. Coverage shall contain a waiver of subrogation in favor of the City, the Board, their officers, employees, agents and contractors.
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Samples: Custody Agreement, Custody Agreement, Custody Agreement
