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C2> The insurance shall cover on an occurrence or an accident basis, and not on a claims - <br />made basis. <br />(3) An endorsement must state that coverage is primary insurance with respect to the City <br />and its officem, o0Doio|s, employees and vo|unkaerm, and that no insurance or self-insurance maintained by the City <br />shall becalled upon tncontribute togloss under the coverage. <br />(4) Any failure of Consultant to comply with reporting provisions of the policy shall not <br />affect coverage provided to City and its officers, employees, agents, and volunteers. <br />(5) Anendorsement shall state that coverage shall not besuspended, voided, canceled <br />by either party, reduced in coverage or in limits, except after thirty (30) days' prior written notice by certified mail, return <br />receipt requested, has been given toCity. <br />8.4 Professional Liability Insurance. <br />a. General requirements. Consultant, at its own cost and expense, shall maintain for the period <br />covered by this Agreement professional liability insurance for license professionals performing work pursuant to this <br />Agreement in an amount not less than ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) covering the license <br />professionals' errors and omissions. Any deductible orself-insured retention shall not exceed One Hundred and Fifty <br />Thousand Dollars ($15O.O00)per claim. <br />b. . The following provisions shall apply if the professional |imbi|hx <br />coverage iewritten onaclaims-made form: <br />(1) The retroactive date of the policy must be shown and must be before the date of the <br />Agreement. <br />(2) Insurance must be maintained and evidence of insurance must be provided for at least <br />five (5) years after completion of the Agreement or the work, so long as commercially ovoi|ob|a at reasonable nab*e. <br />(3) If coverage in cancelled or not renewed and it is not replaced with another claims - <br />made policy form with a retroactive date that precedes the date of this Aoreement. Consultant must purchase an <br />extended period coverage for a minimum of five years after completion of work under this Agreement. <br />(4) Acopy of the claim reporting requirements must be submitted to the City for review <br />prior tothe commencement ofany work under this Agreement. <br />6.5 All Policies Requirements. <br />e. Acceptability of insurers. All insurance required by this section are to be placed with insurers <br />with a Bests' rating of no less than A:V||. <br />b. Verification of coverage. Prior tobeginning any work under this Agreement, Consultant shall <br />furnish City with complete copies of all policies delivered to Consultant by inounar, including complete copies of all <br />endorsements attached to those policies. All copies of policies and endorsements shall show the signature of <br />person authorized by that insurer to bind coverage on its behalf. If City does not receive the required insurance <br />documents prior to Consultant beginning worh, it shall not waive Consultant's obligations to provide them. City <br />reserves the right to not require complete copies of all required insurance policies at anytime. <br />C. . Consultant shall disclose to an 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 />byany term Vfthis Agreement. At the option of City, either: the insurer shall reduce of eliminate such deductibles or <br />self-insured retentions as respects City, its officers, emp|oyeea, and volunteers; orConsultant shall provide mfinancial <br />-10 <br />oDBGnonsmng Services Agreement <br />