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the Subrecipient's insurance and shall not contribute with it. <br />6.3.4 Submittal Requirements. To comply with Subsection 6.3 Subrecipient shall submit the following: <br />a. Certificate of Liability Insurance in the amounts specified in the section; <br />b. Additional Insured Endorsement as required by the section; <br />C. Waiver of Subrogation Endorsement as required by the section; and <br />d. Primary Insurance Endorsement as required by the section. <br />6.4 Professional Liability Insurance. <br />6.4.1 General Requirements. Subrecipient, at its own cost and expense, shall maintain for the period <br />covered by this Agreement professional liability insurance for licensed professionals performing work pursuant to this <br />Agreement in an amount not less than One Million Dollars ($1,000,000) covering the licensed professionals' errors <br />and omissions. Any deductible or self-insured retention shall not exceed $150,000 per claim. <br />6.4.2 Claims -Made Limitations. The following provisions shall apply if the professional liability coverage is <br />written on a claims -made form: <br />a. The retroactive date of the policy must be shown and must be before the date of the <br />Agreement. <br />b. Insurance must be maintained and evidence of insurance must be provided for at least 5 years <br />after completion of the Agreement or the 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 claims -made policy <br />form with a retroactive date that precedes the date of this Agreement, Subrecipient shall purchase an extended <br />period coverage for a minimum of 5 years after completion of work under this Agreement. <br />d. A copy of the claim reporting requirements must be submitted to the City for review prior to the <br />commencement of any work under this Agreement. <br />6.4.3 Additional Requirements. A certified endorsement to include contractual liability shall be included in <br />the policy. <br />6.4.4 Submittal Requirements. To comply with Subsection 6.4, Subrecipient shall submit the Certificate of <br />Liability Insurance in the amounts specified in the section. <br />6.5 All Policies Requirements. <br />6.5.1 Acceptability of Insurers. All insurance required by this section is to be placed with insurers with a <br />Bests' rating of no less than A:VII. <br />6.5.2 Verification of Coverage. Prior to beginning any work under this Agreement, Subrecipient shall furnish <br />City with complete copies of all certificates of insurance delivered to Subrecipient by the insurer, including complete <br />copies of all endorsements attached to the policies. All copies of certificates of insurance and certified endorsements <br />shall show the signature of a person authorized by that insurer to bind coverage on its behalf. If the City does not <br />receive the required insurance documents prior to the Subrecipient beginning work, it shall not waive the <br />Subrecipient's obligation to provide them. The City reserves the right to require complete copies of all required <br />insurance policies at any time. <br />6.5.3 Deductibles and Self -Insured Retentions. Subrecipient shall disclose to and obtain the written <br />approval of City for the self-insured retentions and deductibles before beginning any of the services or work called for <br />by any term of this Agreement. At the option of the City, either: the insurer shall reduce or eliminate such deductibles <br />-8- <br />CDBG Agreement with CALICO FYI 6-17 <br />