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amount of $5,000,000. Should an umbrella liability insurance coverage policy be used, such coverage shall be accompanied by a certificate of endorsement stating that it applies to the specific policy limits of liability indicated for the insurance providing the coverages required below, and such statement shall be made a part of the certificate of insurance furnished by Permittee to the city. a. Workers' Compensation: Statutory requirements and benefits. Coverage is compulsory for employers of three or more employees, to include the employer. Permittees who fail to notify the City of increases in the number of employees that change their workers' compensation requirements under the Code of Virginia during the course of the agreement shall be in noncompliance with the agreement. This policy shall specifically list Virginia as a covered state. b. Employer's Liability - $100,000: This policy shall specifically list Virginia as a covered state. e. Commercial General Liability: $4,000,000 aggregate, $1,000,000 per occurrence. Commercial General Liability is to include bodily injury and property damage, personal injury, advertising injury, contractual liability, and products and completed operations coverage. The City and its officers, employees, agents and volunteers must be named as an additional insured and so endorsed on the policy. d. Automobile Liability: $1,000,000 per occurrence. (Only used if motor vehicle is to be used in the agreement.) e. Cyber Liability/ Information Technology: $ 1,000,000 per claim, including coverage for costs of 3rd party notification, credit monitoring, and fraud protection. f. All insurance coverage: I. shall be issued by an insurance carrier authorized to do business within the Commonwealth of Virginia and rated A — VIII or better, by A. M. Best Company or equivalent rating from an alternate recognized ratings agency, and otherwise acceptable to the City; ii. shall be kept in force throughout performance of services; iii. hall be an occurrence based policy; iv. shall include completed operations coverage; v. shall contain a cross liability or severability of interest clause or endorsement. Insurance covering the specified additional insured shall be primary and noncontributory, and all other insurance carried by the additional insureds shall be excess insurance; and vi. where additional insured required, such policy shall not have a restriction on the limits of coverage provided to the City as an additional insured. The City shall be entitled to protection up to the full limits of the Permittee's policy regardless of the minimum requirements specified in the Agreement. g. Proof of Insurance: Prior to issuance of the Permit: 11