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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 asrequiredby the section. <br /> 6.4 Professional Liability Insurance. Reserved. <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 /> or self-insured retentions as respects the City,its officers,employees,and volunteers;or the Subrecipient shall provide <br /> a financial guarantee satisfactory to the City guaranteeing payment of losses and related investigations, claim <br /> administration and defense expenses. <br /> 6.5.4 Wasting Policies. No policy required by this Section 6 shall include a 'wasting" policy limit (i.e. limit <br /> that is eroded by the cost of defense). <br /> 6.5.5 Endorsement Requirements. Each insurance policy required by Section 6 shall be endorsed to state <br /> that coverage shall not be canceled by either party, except after 30 days' prior written notice has been provided to the <br /> City. <br /> 6.5.6 Subcontractors. Subrecipient shall include all subcontractors as insureds under its policies or shall <br /> furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors <br /> shall be subject to all of the requirements stated herein. <br /> 6.6 Remedies. In addition to any other remedies City may have if Subrecipient fails to provide or maintain <br /> any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole <br /> option exercise any of the following remedies,which are alternatives to other remedies City may have and are not the <br /> exclusive remedy for Subrecipient's breach: <br /> a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance <br /> from any sums due under the Agreement; <br /> b. Order Subrecipient to stop work under this Agreement or withhold any payment that becomes <br /> due to Subrecipient hereunder, or both stop work and withhold any payment, until Subrecipient demonstrates <br /> compliance with the requirements hereof; and/or <br /> C. Terminate this Agreement. <br /> -8- <br /> CDBG Agreement with Service Opportunity for Seniors(SOS)FY2017-2018 <br />