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SCHEDULE B INSURANCE REQUIREMENTS Contractor shall procure and maintain for the duration of the contract, insurance coverage for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the Consultant, their agents, representatives, employees or subcontractors. 1. Minimum Scope of Insurance: Coverage shall be at least as broad as follows: 1.1 Insurance Services Office (ISO) Commercial General Liability coverage (occurrence form CG 00 01 or a substitute form providing equivalent coverage), and shall cover liability arising from premises, operations, independent contractors, products - completed operations, personal injury, advertising, and liability assumed under an insured contract (including the tort liability of another assumed in a business contract). 1.2 Business Automobile Liability coverage shall be written on ISO form CA 00 01, CA 00 05, CA 0012, CA 00 20, or substitute for providing equivalent liability coverage. Such insurance shall cover liability arising out of any auto (including owned, hired, and non -owned autos). 1.3 Workers' Compensation as required by the State of Minnesota, and Employer's Liability insurance. 1.4 Professional Liability or Errors and Omissions insurance appropriate for the profession. Coverage shall be maintained for at least two years following the completion of work. 2. Minimum Limits of Insurance: Bidder /contractor /consultant shall maintain NO LESS THAN: 2.1 Commercial General Liability (CGL) and if necessary, Commercial Umbrella Liability: $ 1,000,000 each occurrence. If Commercial General Liability insurance contains a general aggregate Iimit, it shall apply separately to this project/location, or the general aggregate limit shall be twice the required occurrence limit. 2.2 Business Automobile Liability and if necessary, Commercial Umbrella Liability: $1,000,000 each accident for bodily injury and property damage. 2.3 Employers Liability: as required by the State of Minnesota 2.4 Professional Liability or Errors and Omissions: $1,000,000 per occurrence. 3. Deductibles and Self - Insured Retention Any deductibles or self - insured retention must be declared to and approved by the HRA. At the option of the HRA, either: the insurer shall reduce or eliminate such deductibles or self - insured retention as respects HRA, agents, officers, directors, and employees; or the bidder /contractor /consultant shall procure a bond guaranteeing payment of losses and related