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d. A copy of the claim reporting requirements must be submitted to <br />the City for review prior to the commencement of any work under <br />this Agreement. <br />4.4 All Policies Requirements. <br />4.4.1 Acceptability of insurers. All insurance required by this section is to be <br />placed with insurers with a Bests' rating of no less than A:VII. <br />4.4.2 Verification of coverage. Prior to beginning any work under this <br />Agreement, Consultant shall furnish City with complete and legible copies <br />of certificates of insurance evidencing all policies delivered to Consultant <br />by the insurer, including complete copies of all endorsements attached to <br />those policies. All copies of certificates of insurance and endorsements <br />shall show the signature of a person authorized by that insurer to bind <br />coverage on its behalf. If the City does not receive the required insurance <br />certificates prior to the Consultant beginning work, it shall not waive the <br />Consultant's obligation to provide them. The City reserves the right to <br />require complete copies of all required insurance policies and <br />endorsements at any time. <br />4.4.3 Deductibles and Self- Insured Retentions. Consultant shall disclose to <br />and obtain the written approval of City for the self- insured retentions and <br />deductibles before beginning any of the services or work called for by any <br />term of this Agreement. At the option of the City, either: the insurer shall <br />reduce or eliminate such deductibles or self- insured retentions as <br />respects the City, its officers, employees, and volunteers; or the <br />Consultant shall provide a financial guarantee satisfactory to the City <br />guaranteeing payment of losses and related investigations, claim <br />administration and defense expenses. <br />4.4.4 Wasting Policies. No policy required by this Section 4 shall include a <br />"wasting" policy limit (i.e. limit that is eroded by the cost of defense). <br />4.4.5 Waiver of Subrogation. Consultant hereby agrees to waive subrogation <br />which any insurer or contractor may require from vendor by virtue of the <br />payment of any loss. Consultant agrees to obtain any endorsements that <br />may be necessary to affect this waiver of subrogation. <br />The Workers' Compensation policy shall be endorsed with a waiver of <br />subrogation in favor of the entity for all work performed by the consultant, <br />its employees, agents, and subcontractors. <br />4.4.6 Subcontractors. Consultant shall include all subcontractors as insureds <br />under its policies or shall furnish separate certificates and endorsements <br />for each subcontractor. All coverages for subcontractors shall be subject <br />to all of the requirements stated herein. <br />Consulting Services Agreement between School Traffic Safety Education (SRTS) <br />City of San Leandro and Safe Moves Page 6 of 14 <br />Project No. 150 -38 -338 <br />