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shall limit LICENSEE's obligation to obtain all such regulatory approvals at LICENSEE's sole <br /> cost and expense, or limit in any way CITY's exercise of its police powers. <br /> 17. insurance. During the term of this Agreement, LICENSEE shall maintain the following <br /> insurance coverages. The insurance carrier is required to maintain an A>M> Bet rating of not <br /> less than "A:VI I": <br /> A. Commercial General Liability Insurance. Commercial general liability <br /> insurance written on an occurrence basis, on a form that provides coverage at least as <br /> broad as form ISO CG 00 01 , covering the insured with a duty to defend against claims <br /> of bodily injury, personal injury and property damage arising out of LICENSEE's <br /> activities (which shall include the Activities described in Section 4 above), assumed <br /> liabilities, or use of the City Property, including contractual liability coverage for the <br /> performance by LICENSEE of the indemnity agreements set forth in this Agreement, and <br /> coverage for damage to the City Property (including all improvements in LICENSEE's <br /> care, custody, or control), for limits of liability not less than: <br /> Bodily Injury, Personal Injury: $1 ,000,000 each occurrence and <br /> $2,000,000 annual aggregate <br /> Property Damage Liability: $300,000 annual aggregate <br /> B. Automobile Liability Insurance. Automobile liability insurance policy on insurance <br /> for CA 0001 with a minimum limit of not less than $1 ,000,000 per accident. Coverage <br /> shall be applicable to all owned, hired or non-owned vehicles on the City Property. <br /> C. Workers' Compensation and Employers' Liability. Workers' compensation policy <br /> written in accordance with the laws of the State of California. This policy shall include <br /> Employer's liability coverage with limits not less than $1 ,000,000 per occurrence. The <br /> Worker's Compensation policy shall contain an endorsement stating that the insurer <br /> waives any right to subrogation against the CITY. <br /> D. Damage to LICENSEE Property. LICENSEE hereby waives any recovery of <br /> damages against CITY (including its employees, officers, directors, agents, or <br /> representatives) for loss or damage to any structures, tenant improvements and <br /> betterments, fixtures, equipment, and any other personal property. <br /> ATTY/AGR/2016.241/CARLSEN SUBARU <br /> REV: 08-29-16 RL <br /> Page 7 of 13 <br />