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broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12190) <br />Code 1. No endorsement shall be attached limiting the coverage. <br />4.2.3 Additional requirements. Each of the following shall be included in the <br />insurance coverage or added as a certified endorsement to the policy: <br />a. The insurance shall cover on an occurrence or an accident basis, and not <br />on a claims-made basis. <br />b. Any failure of Consultant to comply with reporting provisions of the policy <br />shall not affect coverage provided to City and its officers, employees, <br />agents, and volunteers. <br />4.3 Professional Liability Insurance. <br />4.3.1 General requirements. Consultant, at its own cost and expense, shall maintain <br />for the period covered by this Agreement professional liability insurance far <br />professionals performing work pursuant to this Agreement in an amount not less <br />than ONE MILLION DOLLARS ($1,000,000) covering the professionals' errors and <br />omissions. Any deductible orself-insured retention shall not exceed $150,000 per <br />claim. <br />4.3,2 Claims-made limitations. The following provisions shall apply if the professional <br />liability coverage is written on a claims-made form: <br />a. The retroactive date of the policy must be shown and must be before the <br />date of the Agreement <br />b. Insurance must be maintained and evidence of insurance must be <br />provided for at least five years after completion of the Agreement or the <br />work, so long as commercially available at reasonable rates. <br />c. If coverage is canceled or not renewed and it is not replaced with another <br />claims-made policy form with a retroactive date that precedes the date of <br />this Agreement, Consultant must provide extended reporting coverage for <br />a minimum of five years after completion of the Agreement or the work. <br />The City shall have the right to exercise, at the Consultant's sole cost and <br />expense, any extended reporting provisions of the policy, if the Consultant <br />cancels or does not renew the coverage. <br />d. A copy of the claim reporting requirements must be submitted to the City <br />prior to the commencement of any work under this Agreement. <br />4.4 FidelitkBond <br />Consulting Services Agreement between April 5, 2004 <br />City of San Leandro and Chandler Asset Management, Inc. Pa9~ <br />