1. OFFSHORE shall be responsible for taking out adequate insurance in connection with the design, construction, fitting-out and maintenance of the Mexican Facility to cover all usual risks in accordance with good management practices, including all risks, third party liability, workers compensation and employers liability, loss, theft, fire, arson, flood, accident and damage and environmental liability insurance, limited to sudden and accidental coverage. OFFSHORE will acquire all such insurances from a company with an AM Best rating of at least [***]. All insurance proceeds shall be applied to repair or replace the portion of the Mexican Facility that may be damaged.
2. Without limiting the generality of Section I, OFFSHORE shall have in full force and effect and maintain at its sole cost and expense the following insurance coverages during the term of this Agreement:
(a) Social insurance in accordance with the Jaws, rules and regulations of Mexico, and Employers Liability Insurance with a minimum limit of not less than the greater of US$[***] per occurrence (or the policy limit required by applicable laws, rules and regulations);
(b) Commercial General Liability Insurance, including Premises, and explosion, collapse, and underground property damage hazards coverage with a minimum combined single limit of not less than US$[***] per occurrence;
(c) Commercial Business Automotive Liability Insurance covering use of all owned, non-owned, leased and hired automobiles with a minimum combined single limit of not less than US$[***] per occurrence for bodily injury and property damage liability (or the policy limit required by laws, rules and regulations); and
(d) All-risk property insurance covering Joss or damage to OFFSHORE owned or lease d equipment and other assets on the Park, in an amount not less than the full replacement cost of equipment and assets on the Park.
3. Within [***] days after the Effective Date, OFFSHORE will provide to CLIENT an original and a copy of each certificate of insurance evidencing each of its insurance coverage required under this Exhibit G.
4. All insurance required under this Agreement to be maintained by OFFSHORE shall be primary to any insurance maintained by CLIENT. Limits may be arranged through any combination of underlying and excess or umbrella policies. OFFSHORE shall pay all deductible amounts associated with the required insurance. Each OFFSHORE policy, except Statutory Worker s Compensation, shall name CLIENT, its affiliates, and their respective officers, directors