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r <br />F. CONTRACTOR*S liability insurance. <br />1. Because the CONTRACTOR is -a "public entit}~' within the meaning of the Colorado <br />Governmental Immunity Act, CRS 24-10-101, et seQ., as amended ("Act°), the <br />CONTRACTOR shat( at all times maintain such liability insurance, by commercial <br />policy or self-insurance as is necessary to meet its liabilities under the- Act. . <br />2. Prior to the disbursement of any loan funds, the CONTRACTOR shall provide the <br />STATE with an Acard Form 27 or other form satisfactory to the STATE evidencing <br />said insurance -and shall provide the STATE with documentation of renewals of <br />- said insurance. - . <br />G. Indemnification .by the construction firm. -The RIVER DISTf21CT shall require all <br />Construction Firms and their subcontractors to indemnify the STATE and the RIVER <br />C~ISTRiCT against -all {lability and loss, and against all claims and actions based upon <br />. or arising out of damage or injury, including death, to persons or property, caused by <br />any ~ acts or omissions of those parties or sustained in- connection with the <br />performance of any contract related to the PROJECT or by conditions created thereby, <br />or based upon any violation of any statute, ordinance, or regulation; and the defense <br />of any such claims or actions. -- <br />H. Liability -insurance during construction. During construction of the PROJECT, the <br />RIVER DISTRICT shall require the construction firm(s) and any subcontractors to <br />maintain the following insurance coverage in the limits shown during the term of their <br />contracts for the construction of the PROJECT. The RIVER DISTRICT shall provid-e the <br />STATE with an Acord -Form 27 -evidencing said- insurance .prior to commencement of <br />construction, -maintained until construction is complete, and shah provide the STATE <br />with. documentation of renewals of said insurance. No payments shall be made to <br />the RIVER DISTRicT unless all insurance certificates are current. . <br />1. Builders -risk insurance for construction in progress for al! perils of foss including <br />fire, wind, hail, and vandalism in an amount equal to the -completed value of the <br />PROJECT. <br />.2. Worke>~s compensation and emplo-yens liability insurance in the required <br />statutory amounts. - <br />3. Automobile liability insurance that -includes coverage for -all owned, non-owned <br />and hired vehicles with minimum limits -of $1,000,000 combined single limit for <br />bodily injury and property damage. - <br />4. Commercial general liability -insurance with minimum limits of $'! ,000,000 <br />- combined single limit -for- each occurrence and $2,000,000 general aggregate.- <br />- This insurance coverage shat! include produetslcompleted operations and bodily <br />injury/prope~y damage. - - - <br />-I. Severability. To the extent that this contract may be executed -and performance of <br />- the obligations-of -the parties may be accomplished within the intent of the contract,- <br />-theterms of this contract are severable, and should any term or {provision hereof be <br />7 <br />