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Form Approved 02-24485 <br /> By VP Law <br /> C. Workers Compensation and Employers Liability Insurance. This insurance <br /> shall include coverage for, but not limited to: <br /> • Licensee's statutory liability under the worker's compensation laws of the <br /> state(s) in which the work is to be performed. If optional under State law, <br /> the insurance must cover all employees anyway. <br /> • Employers' Liability (Part B) with limits of at least $500.000 each accident, <br /> $500,000 by disease policy limit, $500,000 by disease each employee. <br /> Other Requirements: <br /> Where allowable by law, all policies(applying to coverage listed above)shall contain no <br /> exclusion for punitive damages and certificates of insurance shall reflect that no <br /> exclusion exists. <br /> Licensee agrees to waive its right of recovery against Licensor for all claims and suits <br /> against Licensor. In addition, its insurers. through policy endorsement, waive their right <br /> of subrogation against Licensor for all claims and suits. The certificate of insurance <br /> must reflect waiver of subrogation endorsement. Licensee further waives its right of <br /> recovery, and its insurers also waive their right of subrogation against Licensor for loss <br /> of its owned or leased property or property under its care, custody or control. <br /> Licensee's insurance policies through policy endorsement, must include wording which <br /> states that the policy shall be primary and non-contributing with respect to any insurance <br /> carried by Licensor. The certificate of insurance must reflect that the above wording is <br /> included in evidenced policies. <br /> • <br /> All policy(ies) required above (excluding Workers Compensation and if applicable. <br /> Railroad Protective) shall include a severability of interest endorsement and shall name <br /> Licensor and Staubach Global Services - RR. Inc. as an additional insured with respect <br /> to work performed under this agreement. Severability of interest and naming <br /> Licensor and Staubach•Global Services - RR, Inc. as additional insureds shall be <br /> indicated on the certificate of insurance. <br /> Licensee is not allowed to self-insure without the prior written consent of Licensor. If <br /> granted by Licensor, any deductible. self-insured retention or other financial <br /> responsibility for claims shall be covered directly by Licensee in lieu of insurance. Any <br /> and all Licensor liabilities that would otherwise. in accordance with the provisions of this <br /> Agreement, be covered by Licensee's insurance will be covered as if Licensee elected <br /> not to include a deductible, self-insured retention. or other financial responsibility for <br /> - - claims. <br /> Prior to commencing the Work, Licensee shall furnish to Licensor an acceptable <br /> certificate(s) of insurance including an original signature of the authorized representative <br /> evidencing the required coverage. endorsements. and amendments and referencing the <br /> contract audit/folder number if available. The policy(ies) shall contain a provision that <br /> obligates the insurance company(ies) issuing such policy(ies) to notify Licensor in writing <br /> at least 30 days prior to any cancellation. non-renewal, substitution or material alteration. <br /> This cancellation provision shall be indicated on the certificate of insurance. Upon <br /> 5-6 <br /> 8 of 13 F,,rm 423:Revco:17 Q2 <br />