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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 5 years after completion of work under this 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 /> 4.3.4 Submittal Requirements. To comply with Subsection 4.3, Consultant shall <br /> submit the Certificate of Liability Insurance in the amounts specified in the section. <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:VII. <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 /> 4.4.3 Deductibles and Self-Insured Retentions. Consultant shall disclose to and <br /> obtain the written approval of City for the self-insured retentions and deductibles <br /> before beginning any of the services or work called for by any term of this <br /> Agreement. At the option of the City, either: the insurer shall reduce or eliminate <br /> such deductibles or self-insured retentions as respects the City, its officers, <br /> employees, and volunteers; or the Consultant shall provide a financial guarantee <br /> satisfactory to the City guaranteeing payment of losses and related investigations, <br /> claim administration and defense expenses. <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 /> 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 /> 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 /> Consulting Services Agreement between City of San Leandro and Last revised July 1,2017 <br /> BAAHAfor Homebuyer Program Page 6 of 13 <br />