Res 2007-014 - Laserfiche WebLink

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PUWUDRAINAGE INS. Form Approved. A VP-Law Updated 03/01/2003 equivalent coverage) showing Railroad in the schedule as the alternate employer (or a substitute form providing equivalent coverage). I D. Railroad Protective Liabilitv insurance. Railroad Protective Liability insurance written on ISO occurrence form CG 00 35 12 04 (or a substitute form providing equivalent coverage) on behalf of Licensor as named insured, with a limit of not less than $2,000,000 per occurrence and an aggregate of $6,000,000. A binder stating the policy is in place must be submitted to LIcensor before the work may be commenced and until the original policy is forwarded to Licensor. E. Umbrella or Excess insurance. If LIcensee, and/or Licensee's contractor, utilIzes umbre!1a or excess policies, these policies must "follow form" and afford no less coverage than the primary polIcy. Other Requirements F. All policy(ies) required above (except worker's compensation and employers liability) must include Licensor as "Additional Insured" using ISO Additional Insured Endorsements CG 20 26, and CA 20 48 (or substitute forms proVIding equivalent coverage). The coverage provided to Licensor as additional insured shall, to the extent provided under ISO Additional Insured Endorsement CG 20 26, and CA 20 48 provide coverage for Licensor's negligence whether sole or partial, active or passive, and shall not be limited by Licensee's liability under the indemnity proviSIOns of this Agreement. G. Punitive damages exclusion, if any, must be deleted (and the deletion indicated on the certificate of insurance), unless the law governing this Agreement prohibits all punitive damages that might anse under this Agreement. H. Licensee waives all rights of recovery, and its insurers also waive all rights of subrogation of I damages against Railroad and its agents, officers, directors and employees. This waiver must be stated on the certificate of Insurance. I. PrIOr to commencing any work, Licensee, and/or Licensee's contractor, shall furnish Licensor with a certificate(s) of insurance, executed by a duly authorized representative of each insurer, showing compliance with the insurance requirements in this Agreement. J. All insurance policies must be written by a reputable insurance company acceptable to LIcensor or WIth a current Best's Insurance Guide Rating of A- and Class VII or better, and authorized to do business In the state in whIch the Wireline is located. K. The fact that Insurance IS obtained by Licensee, and/or LIcensee's contractor, or by Licensor on behalf of Licensee, and/or Licensee's contractor, will not be deemed to release or diminish the liability of Licensee, including, without limitation, liability under the indemnity provisions of this Agreement. Damages recoverable by Licensor from Licensee or any third party will not be limited by the amount of the required insurance coverage. I