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