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All liability insurance shall be issued by insurance companies authorized to transact
<br />liability insurance business in the State of California with a policy holder's rating of A or
<br />higher and a Financial Class of VII or higher.
<br />Grantee's commercial general liability insurance polices shall cover both bodily
<br />injury (including death) and property damage (including, but not limited to, premises
<br />operations liability, products - completed operations liability, independent contractor's
<br />liability, personal injury liability, and contractual liability) in an amount not less than
<br />$1,000,000 per occurrence and a general aggregate limit in the amount of not less than
<br />$2,000,000, unless otherwise approved or reduced by the City's Risk Manager ( "Risk
<br />Manager "), or his designee.
<br />These minimum amounts of coverage shall not constitute any limitation or cap on
<br />Grantee's indemnification obligations under Section 7 hereof.
<br />Prior to Successor Agency's execution of this Agreement, copies of insurance
<br />policies or original certificates and additional insured endorsements evidencing the
<br />coverage required by this Agreement, for both commercial general and automobile
<br />liability insurance, shall be filed with Successor Agency and shall include the Successor
<br />Agency and its officers, employees and agents, as additional insureds. Said policies
<br />shall be in the usual form of commercial general and automobile liability insurance
<br />policies, but shall include the following provisions:
<br />It is agreed that the City of Riverside as the Successor Agency to the
<br />Redevelopment Agency of the City of Riverside, and its officers,
<br />employees and agents, are added as additional insureds under this policy,
<br />solely for work done by and on behalf of the named insured for the City of
<br />Riverside.
<br />The policies shall not be canceled unless thirty (30) days prior written notification
<br />of intended cancellation has been given to Successor Agency by certified or registered
<br />mail, postage prepaid.
<br />The Successor Agency, its officers, employees and agents make no
<br />representation that the types or limits of insurance specified to be carried by Grantee
<br />pursuant to this Agreement are adequate to protect Grantee. If Grantee believes that
<br />any required insurance coverage is inadequate, they will obtain such additional
<br />insurance coverage as it deem adequate, at its sole expense.
<br />10. Hazardous Substances Indemnity. Grantee expressly agrees to and
<br />shall indemnify, defend, release and hold the Successor Agency, its officers, officials,
<br />directors, agents, servants, employees, attorneys and contractors harmless from and
<br />against any liability, loss, fine, penalty, fee, charge, lien, judgment, damage, entry,
<br />claim, cause of action, suit, proceeding (whether legal or administrative), remediation,
<br />response, removal, or clean -up and all costs and expenses associated therewith, and
<br />all other costs and expenses (including, but not limited to, attorneys' fees, expert fees,
<br />and court costs) in any way related to the disposal, treatment, transportation,
<br />manufacture, or use of any Hazardous Substances on, in, under, or about the Property
<br />by Grantee, or its respective officers, directors, agents, servants, employees or
<br />contractors, or by any other third party acting under the control or request of Grantee,
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