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i0a:11-111 a <br />Section 8.1.6 (g). Tenant shall not allow contractors or subcontractors to work if contractors have <br />less than the level of coverage required by County under this Lease. It is the obligation of the Tenant <br />to provide written notice of the insurance requirements to every contractor and to receive proof of <br />insurance prior to allowing any contractor to begin work within the Premises. Such proof of <br />insurance must be maintained by Tenant through the entirety of this Lease and be available for <br />inspection by Chief Real Estate Officer at any reasonable time. <br />8.1.5. All self -insured retentions (SIRs) shall be clearly stated on the Certificate of <br />Insurance. Any self -insured retention (SIR) in an amount in excess of Fifty Thousand Dollars <br />($50,000) shall specifically be approved by the County's Risk Manager, or designee, upon review of <br />Tenant's current audited financial report. If Tenant's SIR is approved, Tenant, in addition to, and <br />without limitation of, any other indemnity provision(s) in this Lease, agrees to all of the following: <br />1) In addition to the duty to indemnify and hold the County harmless against any and all <br />liability, claim, demand or suit resulting from Tenant's, its agents, employee's or <br />subcontractor's performance of this Lease, Tenant shall defend the County at its sole cost and <br />expense with counsel approved by Board of Supervisors against same; and <br />2) Tenant's duty to defend, as stated above, shall be absolute and irrespective of any duty to <br />indemnify or hold harmless; and <br />3) The provisions of California Civil Code Section 2860 shall apply to any and all actions to <br />which the duty to defend stated above applies, and the Tenant's SIR provision shall be <br />interpreted as though the Tenant was an insurer and the County was the insured. <br />If the Tenant fails to maintain insurance acceptable to the County or City for the full term of this <br />Lease, the County or City may terminate this Lease. <br />8.1.6. All policies of insurance required under this Article VIII must be issued by an <br />insurer with a minimum rating of A- (Secure A.M. Best's Rating) and VIII (Financial Size Category <br />as determined by the most current edition of the Best's Key Rating Guide/Property- <br />Casualty/United States or ambest.com). It is preferred, but not mandatory, that the insurer must be <br />licensed to do business in the state of California. <br />(a) If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the <br />Chief Real Estate Officer retains the right to approve or reject a carrier after a review of the carrier's <br />performance and financial ratings. <br />(b) If the insurance carrier is not an admitted carrier in the state of California <br />and does not have an A.M. Best rating of A-/VIII, the Chief Real Estate Officer retains the right to <br />approve or reject a carrier after a review of the company's performance and financial ratings. <br />(c.1) The policy or policies of insurance maintained by the TENANT <br />DURING CONSTRUCTION shall provide the minimum limits and coverage as set forth below: <br />Coverages <br />Minimum Limits <br />Builder's Risk (during the Construction Period) <br />naming retained General Contractor <br />Project value and no coinsurance <br />provision. <br />Page 127 <br />FOODYNIF46 <br />