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6 <br /> <br /> 3. Workers' Compensation and Employers' Liability <br /> Workers' Compensation as required by Minnesota Statutes <br /> Employers' Liability Limits: <br /> $500,000/$500,000/$500,000 <br /> <br /> 4. Professional Liability/Errors and Omissions Coverage <br /> (if applicable) <br /> <br /> Per Claim Limit: $ 500,000 <br /> Per Occurrence Limit: $1,500,000 <br /> Aggregate Limit: $2,000,000 <br /> This policy is to be written as acceptable to the AUTHORITY. <br /> <br />Certificates of Insurance must indicate if the policy is issued on a claims- <br />made or occurrence basis. If coverage is carried on a claims-made basis, <br />then: 1) the retroactive date shall be noted on the Certificate and shall be <br />prior to or the day of the inception of the AGREEMENT; and 2) evidence <br />of coverage shall be provided for three years beyond expiration of the <br />AGREEMENT. <br /> <br />C. GRANTEE shall provide AUTHORITY with prior notice of any lapse in <br />the insurance required under this AGREEMENT including cancellation, <br />and/or non-renewal or material change in coverage. GRANTEE who is <br />providing services on behalf of the AUTHORITY shall notify its insurer <br />that the AUTHORITY is requiring third party notice of mid-term <br />cancellation per Minn. Stat. § 60A.36, Subd. 2a. <br /> <br /> D. The above sub-paragraphs establish minimum insurance requirements, and <br />it is the sole responsibility of GRANTEE to purchase and maintain <br />additional coverages as it may deem necessary in connection with this <br />AGREEMENT. <br /> <br /> E. Certificate of Insurance must indicate if the policy is issued pursuant to <br />these requirements. GRANTEE shall not commence work until the <br />GRANTEE has obtained the required insurance and filed an acceptable <br />Certificate of Insurance with AUTHORITY. Copies of insurance policies <br />shall be submitted to the AUTHORITY upon request. <br /> <br /> F. Nothing in this AGREEMENT shall constitute a waiver by the <br />AUTHORITY or Ramsey County of any statutory or common law <br />immunities, limits, or exceptions on liability. <br /> <br />G. Certificates shall specifically indicate if the policy is written with an admitted or <br />non-admitted carrier. Best’s Rating for the insurer shall be noted on the <br />Certificate, and shall not be less than an A-.