2026/01/21 Council Agenda Packet

Tracking #25W-24305/BF-20565661 - 6 - Form 424; Rev. 20200605 OF LICENSEE ONLY, AND NO INDEMNITEE WILL BE LIABLE FOR ANY DAMAGE THERETO OR THEFT THEREOF, WHETHER OR NOT DUE IN WHOLE OR IN PART TO THE NEGLIGENCE OF ANY INDEMNITEE. 15. Insurance. Licensee shall, at its sole cost and expense, procure and maintain during the term of this License the following insurance coverage: 15.1 Commercial General Liability “CGL” Insurance. a. The policy will provide a minimum of $5,000,000 per occurrence and an aggregate limit of at least $10,000,000 but in no event will the coverage be in an amount less than the amount otherwise carried by Licensee. Coverage must be purchased on a post 2004 ISO occurrence form or equivalent and include coverage for, but not limited to, the following:  Bodily Injury and Property Damage  Personal Injury and Advertising Injury  Fire legal liability  Products and completed operations  Contractual Liability for an “Insured Contract” consistent with the definition under the standard ISO general liability policy form. b. This policy will include the following endorsements or language, which shall be indicated on or attached to the certificate of insurance:  The definition of “Insured Contract” will be amended to remove any exclusion or other limitation for any work being done within 50 feet of Licensor’s property;  Waiver of subrogation in favor of and acceptable to Licensor;  Additional insured endorsement in favor of and acceptable to Licensor and Jones Lang LaSalle Brokerage, Inc. to include coverage for ongoing and completed operations;  Separation of insureds;  The policy shall be primary and non-contributing with respect to any insurance carried by Licensor. c. The parties agree that the workers’ compensation and employers’ liability related exclusions in the CGL policy(s) are intended to apply to employees of the policyholder and will not apply to Licensor’s employees. d. No other endorsements that limit coverage with respect to Licensee’s obligations under this agreement may be included on the policy. 15.2 Business Automobile Insurance. a. The insurance will provide minimum coverage with a combined single limit of at least $1,000,000 per accident, and include coverage for, but not limited to the following:  Bodily injury and property damage.  Any and all vehicles owned, used or hired. b. The policy will include the following endorsements or language, which will be indicated on or attached to the certificate of insurance:  Waiver of subrogation in favor of and acceptable to Licensor;  Additional insured endorsement in favor of and acceptable to Licensor;  Separation of insureds;  The policy shall be primary and non-contributing with respect to any insurance carried by Licensor. 15.3 Workers' Compensation and Employers' Liability Insurance. a. The policy will provide coverage of all employees performing any part of the installation or maintenance of the Pipeline including coverage for, but not limited to:  Licensee's statutory liability under the workers' compensation laws of the state(s) in which the work or services under this agreement are to be performed. The policy will cover all