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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 for <br /> Consultant's licensed professionals performing work pursuant to this Agreement in <br /> an amount not less than$1,000,000 covering the Consultant's licensed <br /> professionals' negligent errors and omissions. Any deductible or self-insured <br /> retention shall not exceed$150,000 per 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 shall purchase an extended period coverage <br /> for a minimum of five years after completion of work under this <br /> Agreement. <br /> d. A copy of the claim reporting requirements must be submitted to the City <br /> for review prior to the commencement of any work under this Agreement. <br /> 4.3.3 Additional Requirements. A certified endorsement to include contractual liability <br /> shall be included in the policy <br /> 4.4 All Policies Requirements. <br /> 4.4.1 Acceptability of insurers. All insurance required by this section is to be placed <br /> with insurers with a Bests'rating of no less than A:V. <br /> 4.4.2 Verification of coverage. Prior to beginning any work under this Agreement, <br /> Consultant shall furnish City with complete copies of all policies delivered to <br /> Consultant by the insurer, including complete copies of all endorsements attached <br /> to those policies. All copies of policies and certified endorsements shall show the <br /> signature of a person authorized by that insurer to bind coverage on its behalf. If <br /> the City does not receive the required insurance documents prior to the Consultant <br /> beginning work, it shall not waive the Consultant's obligation to provide them. The <br /> City reserves the right to require complete copies of all required insurance policies <br /> at any time. <br /> Consulting Services Agreement between Project No.: 962-86-067 <br /> City of San Leandro and Aparc Systems Page 6 <br />