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10 <br />(iv) A policy of worker’s compensation insurance if and as required by <br />applicable law and employer’s liability insurance with limits of no less than <br />One Million and No/100 Dollars ($1,000,000.00). <br />(v) In the event Tenant acquires company automobiles, a policy of <br />comprehensive automobile liability insurance, including loading and <br />unloading, and covering owned and hired vehicles with limits of no less <br />than One Million Dollars ($1,000,000.00) per occurrence. <br />(b) All insurance policies required under this Section 16 shall be with <br />companies having a rating according to Best’s Insurance Key Rating Guide for Property – <br />Casualties of no less than A- Class VII. Each policy shall provide that it is not subject to <br />cancellation, lapse or reduction in coverage except after thirty (30) days’ written notice to <br />Landlord. Tenant shall deliver to Landlord, prior to the commencement of its occupation of the <br />Leased Premises and, from time to time thereafter, at Landlord’s request, certificates evidencing <br />the existence and amounts of all such policies and copies of such insurance policies. There shall <br />be no deductible amount applicable with respect to the Tenant's policy of commercial general <br />liability insurance, unless approved in advance by Landlord in writing. Deductibles for Tenant's <br />“special form” property insurance shall be commercially reasonable and customary. There shall <br />be no self-insured retention with respect to the insurance requirements under this Section 16, <br />unless approved in advance in writing by Landlord in its sole discretion. <br />(c) If Tenant fails to acquire or maintain any insurance or provide evidence of <br />insurance required by this Section 16, Landlord may, but shall not be required to, obtain such <br />insurance or evidence and the costs associated with obtaining such insurance or evidence shall <br />be payable by Tenant to Landlord on demand together with a fee for overhead and administrative <br />expenses equal to 10% of such costs. <br />(d) Receipt by the Landlord or the Landlord’s designee of any certificate or other <br />insurance document showing less coverage than required is not a waiver of Tenant’s obligations to fulfill <br />the requirements of this Section. No statement on a third-party website (such as a Trustlayer) that a <br />requirement is “waived” or “overridden” is a waiver of Tenant’s obligations to fulfill the requirements of <br />this Section. <br />(e) Waiver of Subrogation. Tenant intends that its property loss risks shall be <br />borne by reasonable insurance carriers to the extent above provided, and Tenant hereby agrees <br />to look solely to, and seek recovery only from, its respective insurance carriers in the event of a <br />property loss to the extent that such coverage is agreed to be provided hereunder. Tenant <br />hereby waives all rights and claims for such losses, and waives all rights of subrogation of its <br />respective insurers, provided such waiver of subrogation shall not affect the rights to the insured <br />to recover thereunder. Tenant agrees that its respective insurance policies are now, or shall be, <br />endorsed such that the waiver of subrogation shall not affect the right of the insured to recover <br />thereunder, so long as no material additional premium is charged therefor. <br />17. DAMAGE OR DESTRUCTION BY FIRE OR OTHER CASUALTY. <br />(a) If the Leased Premises are damaged by fire, earthquake or other casualty <br />(“Casualty”), Tenant shall give immediate written notice to Landlord. If Landlord estimates that