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306.1 MUnimum. Coverage/Endorsements. Notwithstanding any inconsistent statement in the policy or any subsequent endorsement atta h d hereto* the protection afforded by these policies shall be written on are occurrence basis in which the Agency, City, and their respective elected and appointed officials, officers, employees, agents and representatives (together, "Additional Insureds" ) are named as additional insureds on all coverage, except for workers' compensation coverage, and shall: (a) Name Additional Insureds (from above) as additional insureds on a Commercial General Liability (`i L}' policy; (b) Include an endorsement to the CGL policy n ami n g the Additional Insureds as additional insureds} and said endorsement shall be delivered to the Agency Executive Dire c for prior to and as are n c } s Condition Precedent (and maintained as required herein); (c) Provide a combined single limit of broad form commercial general liability insurance in the amount of Two Million Dollars ,00 ,00 per occurrence, which will be considered equivalent to the required minirnurn limits, and such insurance shall i be written on an occurrence form, (ii) be written with a primary policy form with limits of not less than $1,000,000 per occurrence; (iii) he written with one or more excess layers to bring the to tai of ' primary and excess coverage limits to not less than $2,000,000 per occurrence, iv not be mitten with a deductible greater than $25,000 per occurrence} v contain a waiver of subrogation in favor of the �enc ; (d) Provide primary automobile liability insurance for owned, non-owned, and hired vehicles, as applicable to, or for any use related t , the Project, in an amount not less than One Million Dollars ($1,000,000) combined single limit} with excess insurance o era to bring the total amount of automobile liability insurance coverage to an amount not less than Two Million Dollars ($2,000,000) per accident for bodily injury and property damage; (e) Bar an endorsement or shall have attached a rider providing that Agency ball be. notified not less than thirty o days before any expiration, cancellation, or non - renewal, of such pokier or policies, and shall be notified not less than ten (1 0) days after any event of nonpayment of premium; and certification: {f} Developer shall also file with Agency the following signed "I am aware of, and will comply with, Section 3700 of the Labor Code, requiring every employer to be insured against liability of workers' Compensation or to undertake self-insurance before cam encing any of the work." Developer shall comply with Sections 3700 and 3800 of the Labor Code by securing, paying for and maintaining in full force and effect from and after the Closing, and continuing for the duration of the Affordability Period, complete workers" compensation insurance, to statutory limits, with employers liability limits not less than One Million Dollars ISO 1400673 v t 4!20027 -0001