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7B Page 38 Attachment II tNSURANCE AND 1l�tDEMNfFICATtt'�N REG�UtREMENTS 1. Insurance. Unless expressly exemp#ed from such requirement, Event Permittee shal! procure and maintain in full force and effect during the term of the permit a p�°��be of insurance which provides the co�erage that the Finance D�rector determines t necessary and adequate under the c�o holdaaneevent that invofves expressi�e activity a. An Appiicant seeking may elect to apply far an exemption from the insurance requirement, unless there is a specific demonstrable history of personal injury or property damage claims being awarded against the applicant attributable to the applicant's conduct of previous even�s in the City that are simi{ar in nature to the proposed event. lication b. Applicant must app�� for such exemption at the same time as app fo� a permit. Applicant may elect to: 1) agree to indemnify, protect, defen� and hold harmless the City, the Rede�elopment Agency of Redwood Crty, officers and employees against all claims, damages, expenses, lass or liability of any kind or nature arising out of, or resulting �rom, the alleged a�ts or omissions of permittee, its officers, agents or employees in connection w�e the permitted event or activity; or 2) agree #o redes�gn or reschedule permitted e�ent to respond to specific risks, hazards and dangers to be nIc health and sa#ety identifted by the City Manager or F�nance Director as g reasonably foreseeabie consequences of the permitted event. Permitee will obtain and maintain for fhe duration of the E�ent, insurance against claims which ma arise out of or in conne�'tion for injuries to persons or damage to properly Y with the Event by Permittee or Permittee's agents, representati�es, emptoyees or subcontracting supply and service companies or organizations. The insurance wili be obtained frorn an insurance carrier admitted and authorized to do business in the State of California. The insurance carrier is required to have a current Best s Key Rating of not �ess than "A-:V." es of cavera es and 1.1 Coveraqes and �imifis. Permittee wi11 maintain the typ 9 minimum limits indicated below, unless Finance Director or City Manager, in consultation with fihe City Attorney appro�es a (ower amount. These minimum amounts of coverage will not const�tute any limitations or cap on Permittee's indemnification obligations under this Agreement. The City, the Redevefopment Agency, its officers, agents, �alunteers and employe�s make no representation that the limits of the insurance specified to be carried by Permittee pursuant to this Agreement are adequate to protect Permittee. [f Permittee be4ieves that any required insurance coverage is inadequate, Permittee will obtain such additional insurance coverage, as Fermittee deems adequate, at Permittee s sole expense 1.1.'� Commercial General Liabilitv lnsurance. $1,000,040 combined single-fimit per occurrence for bodily inJury, personal injury and praperty Page 19 of�?1