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as set forth herein for CONTRACTOR. CONTRACTOR shall not allow subcontractors to work <br />if subcontractors have less than the level of coverage required by GOODWILL from <br />CONTRACTOR under this CONTRACT. It is the obligation of CONTRACTOR to provide <br />notice of the insurance requirements to every subcontractor and to receive proof of insurance prior <br />to allowing any subcontractor to begin work. Such proof of insurance must be maintained by <br />CONTRACTOR through the entirety of this CONTRACT for inspection by GOODWILL <br />representative(s) at any reasonable time. <br />All self -insured retentions (SIRS) and deductibles shall be clearly stated on the Certificate <br />of Insurance. If no SIRS or deductibles apply, indicate this on the Certificate of Insurance with a <br />zero (0) by the appropriate line of coverage. Any self -insured retention (SIR) or deductible in an <br />amount in excess of $25,000 ($5,000 for automobile liability) shall specifically be approved by <br />GOODWILL upon review of CONTRACTOR'S current audited financial report. <br />If CONTRACTOR fails to maintain insurance acceptable to GOODWILL for the full term <br />of this CONTRACT, GOODWILL may terminate this CONTRACT. <br />Qualified Insurer <br />The policy or policies of insurance must be issued by an insurer with a minimum rating of <br />A- (Secure A.M. Best's Rating) and VIII (Financial Size Category as determined by the most <br />current edition of the Best's Key Rating Guide/Property-Casualty/United States or <br />ambest.com). It is preferred, but not mandatory, that the insurer be licensed to do business in the <br />state of California (California Admitted Carrier). <br />If the insurance carrier does not have an A.M. Best rating of A-NIII, GOODWILL retains <br />the right to approve or reject a carrier after a review of the company's performance and financial <br />ratings. <br />The policy or policies of insurance maintained by CONTRACTOR shall provide the <br />minimum limits and coverage as set forth below: <br />Coverage <br />Minimum Limits <br />$1,000,000 per occurrence; <br />Commercial General Liability <br />$2,000,000 aggregate <br />Automobile Liability including coverage <br />for owned, non -owned, and hired vehicles <br />$1,000,000 per occurrence <br />Workers' Compensation <br />Statutory <br />Employers' Liability Insurance <br />$1,000,000 per occurrence <br />$1,000,000 per claims made; <br />Professional Liability Insurance <br />$1,000,000 aggregate <br />2807/099999 2489 0 <br />11276904.2 a10/31/19 -1 O- <br />