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<br />Consulting Services Agreement between City of San Leandro and <br />Rebuilding Together Oakland East Bay Page 7 of 14 <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:VII. <br /> <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 certificates of insurance <br />delivered to Consultant by the insurer, including complete copies of all <br />endorsements attached to the policies. All copies of certificates of insurance and <br />certified endorsements shall show the signature of a person authorized by that <br />insurer to bind coverage on its behalf. If the City does not receive the required <br />insurance documents prior to the Consultant beginning work, it shall not waive the <br />Consultant’s obligation to provide them. The City reserves the right to require <br />complete copies of all required insurance policies at any time. <br /> <br />4.4.3 Deductibles and Self-Insured Retentions. Consultant shall disclose to and obtain <br />the written approval of City for the self-insured retentions and deductibles before <br />beginning any of the services or work called for by any term of this Agreement. At <br />the option of the City, either: the insurer shall reduce or eliminate such deductibles <br />or self-insured retentions as respects the City, its officers, employees, and <br />volunteers; or the Consultant shall provide a financial guarantee satisfactory to the <br />City guaranteeing payment of losses and related investigations, claim administration <br />and defense expenses. <br /> <br />4.4.4 Wasting Policies. No policy required by this Section 4 shall include a “wasting” <br />policy limit (i.e. limit that is eroded by the cost of defense). <br /> <br />4.4.5 Endorsement Requirements. Each insurance policy required by Section 4 shall <br />be endorsed to state that coverage shall not be canceled by either party, except <br />after 30 days’ prior written notice has been provided to the City. <br /> <br />4.4.6 Subcontractors. Consultant shall include all subcontractors as insureds under its <br />policies or shall furnish separate certificates and certified endorsements for each <br />subcontractor. All coverages for subcontractors shall be subject to all of the <br />requirements stated herein. <br /> <br />4.5 Remedies. In addition to any other remedies City may have if Consultant fails to provide or <br />maintain any insurance policies or policy endorsements to the extent and within the time <br />herein required, City may, at its sole option exercise any of the following remedies, which <br />are alternatives to other remedies City may have and are not the exclusive remedy for <br />Consultant’s breach: <br /> <br /> Obtain such insurance and deduct and retain the amount of the premiums for such <br />insurance from any sums due under the Agreement; <br /> <br /> Order Consultant to stop work under this Agreement or withhold any payment that <br />becomes due to Consultant hereunder, or both stop work and withhold any payment, <br />until Consultant demonstrates compliance with the requirements hereof; and/or <br />153