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Santa Ana River Channel <br />E01- R1551, R1553 <br />16. INSURANCE (PME5.1.8 S) <br />TENANT agrees, at its sole expense, to obtain insurance as required below, and to deposit with <br />Director prior to the provision of services under this Lease, Certificates of Insurance, including all <br />endorsements required herein, necessary to satisfy Director that the insurance provisions of this Lease <br />have been complied with, and to keep such insurance and the certificates and endorsements therefor on <br />deposit with Director during the entire term of this Lease. In addition, sub - tenant, or any contractors <br />performing work on behalf of TENANT pursuant to this Lease, shall be covered under TENANT'S <br />insurance or shall obtain insurance subject to the same terms and conditions as set forth herein for <br />TENANT. All insurance policies required by this Lease shall declare any deductible or self - insured <br />retention (SIR) which shall specifically be approved by the County Executive Office /Office of Risk <br />Management. TENANT shall be responsible for reimbursement of any deductible to the insurer. If <br />TENANT is self - insured, TENANT shall provide Director a letter of self - insurance satisfactory to the <br />County Executive Office /Office of Risk Management, verifying all the stated coverage minimums and <br />comparable terms. In the event the TENANT becomes commercially insured, the policy or policies of <br />commercial insurance maintained by TENANT shall provide the minimum limits and coverage as <br />stated herein. <br />The policy or policies of insurance must be issued by an insurer licensed to do business in the State of <br />California (California Admitted Carrier). <br />Minimum insurance company ratings as determined by the most current edition of the Best's Key <br />Rating Guide/Property- Casualty/United States or ambest.com shall be "A -" (Secure Best's Rating) and <br />"VIII" (Financial Size Category). <br />County Executive Office /Office of Risk Management retains the right to approve or reject carrier after <br />a review of the company's performance and financial ratings if it does not meet the above standards. <br />The policy or policies of insurance maintained by the TENANT shall provide the minimum limits and <br />coverages as set forth herein below: <br />Coverage <br />Commercial General Liability, to include <br />Broad Form Property Damage Endorsement <br />and Contractual Liability <br />Automobile Liability, including all owned <br />non -owned and hired vehicles <br />Workers' Compensation <br />Employer's Liability <br />Property Insurance <br />Minimum Limits <br />$1,000,000 combined single limit <br />per occurrence; $2,000,000 aggregate <br />$1,000,000 combined single limit <br />per occurrence <br />Statutory Requirements <br />$1,000,000 per occurrence <br />100% of the Replacement Cost value of all <br />structures and improvements <br />Insurance shall be in force the first day of the term of this Lease. <br />Except as noted, each insurance policy required by this Lease shall include the following provisions <br />and/or endorsements: <br />Edna Park Lease (06.16.09) <br />