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(iii)Worker’s compensation insurance, with statutory coverage, <br />including the amount of deductible permitted by statute. <br />All such insurance policies shall be issued by responsible companies selected or <br />approved by the Property Owner, subject to the reasonable Approval of the LRC and the <br />City. The Property Owner shall deliver to the LRC and the City policies or certificates <br />evidencing or stating that such insurance is in force and effect. Each policy shall contain <br />a provision that the insurer shall not cancel or modify it without giving written notice to <br />the Property Owner and to the LRC and the City at least 30 days before the date the <br />cancellation or modification becomes effective and except for worker’s compensation, <br />shall name the LRC and the City as additional insureds (with respect to liability <br />coverages) and loss payees (with respect to property coverages), specifying that the <br />insurance shall be treated as primary insurance. <br />(b)Indemnification. The Property Owner shall defend, indemnify, assume all <br />responsibility for and hold the LRC and the City, and their respective elected and <br />appointed officers and employees, harmless (including, without limitation, for reasonable <br />attorneys’ fees and costs) from all claims or suits for and damages to property and <br />injuries to persons, including accidental death, that may be caused by any of the Property <br />Owner’s construction activities related to the URA Public Improvements, whether such <br />activities are undertaken by the Property Owner or anyone directly employed by or under <br />contract to the Property Owner, and irrespective of whether such damage shall accrue or <br />be discovered after termination of this Agreement. <br />8.Miscellaneous. <br />13 <br />24 <br />