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<br />Page | 30 <br />4894-6811-3695v.2 0017787-000542 <br />4894-6811-3695v.2 0017787-000542 <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 /> <br />Coverages Minimum Limits <br />Builder's Risk (during the Construction Period) <br />naming retained General Contractor <br />Project value and no coinsurance <br />provision. <br />Commercial General Liability $5,000,000 per occurrence <br />$5,000,000 aggregate <br />Automobile Liability including coverage for owned, <br />non-owned and hired vehicles <br />$1,000,000 limit per occurrence <br />Workers' Compensation Statutory Minimum <br />Employers' Liability Insurance $1,000,000 per occurrence <br /> <br />(c.2) The policy or policies of insurance maintained by the TENANT’S <br />GENERAL CONTRACTOR DURING CONSTRUCTION shall provide the minimum limits and <br />coverage as set forth below: <br />Coverages Minimum Limits <br />Commercial General Liability $5,000,000 per occurrence <br />$10,000,000 aggregate <br />Automobile Liability including coverage for owned, <br />non-owned and hired vehicles <br />$2,000,000 limit per occurrence <br />Workers' Compensation Statutory Minimum <br />Employers' Liability Insurance $1,000,000 per occurrence <br />Contractor’s Pollution Liability including NODS $5,000,000 per claims made or per <br />occurrence <br /> <br />EXHIBIT 11