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limited to, any and all losses, claims, demands, expenses (including, but not limited to, <br />attorney's fees and litigation expenses), suits, judgments, or damage, irrespective of the type <br />of relief sought or demanded, such as money or injunctive relief, and irrespective of whether <br />the damage alleged is bodily injury, damage to property, economic loss, general damages, <br />special damages, or punitive damages. <br />7. Owner shall comply with the following conditions and procure and keep in force during the <br />existence of the sign in the City's right of way. at Owner's own cost and expense, the <br />following policies of insurance with companies authorized to do business in the State of <br />Washington. which are rated at least "A" or better and with a numerical rating of no less than <br />seven (7), by A.M. Best Company and which are acceptable to the City. <br />A. Workers' Compensation Insurance as required by Washington law and <br />Emplover's Liability Insurance with limits not less than $1.000,000 per <br />occurrence. If the City authorizes sublet work, the Contractor shall require each <br />subcontractor to provide Workers' Compensation Insurance for its employees. <br />unless the Contractor covers such employees. <br />B. Commercial General Liability Insurance on an occurrence basis in an amount not <br />less than $1.000.000 per occurrence and at least $2,000,000 in the anrrtal <br />aggregate, including but not limited to: premises/operations (including off -site <br />operations), blanket contractual liability and broad form property damage. <br />The above liability policies shall contain a provision that the policy shall not be canceled or <br />materially changed without 30 days prior written notice to the City. No cancellation <br />provision in any insurance policy shall be construed in derogation of the continuous duty of <br />the Owner to furnish the required insurance. Upon written request by the City, the insurer or <br />his/her agent will furnish. a copy of any policy cited above, certified to be a true and <br />complete copy of the original. <br />8. The Owner shall provide the City with a Certificate of Insurance acceptable to the City <br />Attorney evidencing the above -required insurance and naming the City of Everett, its <br />officers, employees and agents as Additional Insureds on the Commercial General Liability <br />Insurance policy with respect to the existence and location of the sign and that such insurance <br />with respect to signage shall apply as primary insurance on behalf of such Additional <br />Insureds. Receipt by the City of any certificate showing less coverage than required is not a <br />waiver of the Owner's obligations to fulfill these requirements. <br />9. If the insurance required by this Agreement is cancelled or materially changed or reduced. <br />the Owner shall immediately remove the sign at its sole cost and expense. If it fails to do so. <br />the City may. at its option and with no obligation to do so, remove the sign. The Owner shall <br />promptly pay the City for the costs, expenses, and damages incurred in removal of the sign. <br />10. The Owner agrees that the rights and obligations of this Agreement are binding on its heirs. <br />successors, and assigns and shall run with the land. <br />