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219\3064780.4 5 <br />or subcontractors pursuant to this Permit, except and to the extent caused by the gross negligence <br />or willful misconduct of Indemnitees. <br /> 8. Insurance. Throughout the Term of this Permit, Company and all contractors <br />working on behalf of Company with respect to this Permit shall maintain a commercial general <br />liability policy in the amount of Two Million Dollars ($2,000,000) combined single limit, or <br />such other policy limit as City may require in its reasonable discretion, including coverage for <br />bodily injury, property damage, products, completed operations and contractual liability <br />coverage. Such policy or policies shall be written on an occurrence basis and shall name City <br />and its respective elected and appointed officers, officials, employees, agents and representatives <br />as additional insureds. <br />Throughout the Term of this Permit, Company and all contractors, including <br />subcontractors of every tier, working on behalf of Company with respect to this Permit shall <br />maintain a comprehensive automobile liability coverage in the amount of Two Million Dollars <br />($2,000,000), combined single limit including coverage for owned and non-owned vehicles and <br />shall furnish or cause to be furnished to City evidence satisfactory to City that Company and any <br />contractor with whom Company has contracted for the performance of work on the Permit <br />Property pursuant to this Permit carries workers' compensation insurance as required by law. <br />Automobile liability policies shall name City and its respective elected and appointed officers, <br />officials, employees, agents and representatives as additional insureds. <br />Throughout the Term of this Permit, Company shall maintain worker’s compensation <br />insurance in the amount required under applicable state law, covering Company’s employees, if <br />any, at work upon the Permit Property or engaged in services or operations in connection with <br />the Permitted Activities or the Permit Property. Company shall require that any contract entered <br />into by Company with respect to this Permit or the Permitted Activities include a contractual <br />undertaking by the contractor to provide worker’s compensation insurance for its employees in <br />compliance with applicable state law. <br />Companies writing the insurance required hereunder shall be licensed “on an Admitted or <br />Non-Admitted bases” to do business in the State of California. Insurance shall be placed with <br />insurers with a current A.M. Best's rating of no less than A: VII. The deductibles under each of <br />the policies issued for the required insurance shall be reasonable in amount and in no event shall <br />exceed the sum of Ten Thousand Dollars ($10,000.00) under each such policy. Prior to the <br />Effective Date, Company shall furnish City with certificates of insurance in form acceptable to <br />City evidencing the required insurance coverage and duly executed endorsements evidencing <br />such additional insured status. The certificates shall contain a statement of obligation on the part <br />of the carrier to notify City of any material change, cancellation, termination or non-renewal of <br />the coverage at least thirty (30) days in advance of the effective date of any such material <br />change, cancellation, termination or non-renewal, except in the event of non-payment of <br />premium a ten (10) day notice will be provided. Coverage provided by Company shall be <br />primary insurance and shall not be contributing with any insurance, or self-insurance maintained <br />by City, and the policies shall so provide. The insurance policies shall contain a waiver of <br />subrogation for the benefit of City. Company shall provide City with certified copies of the <br />required insurance policies upon City’s request. <br />379