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<br />agreement have been complied with and to keep such insurance coverage and the certificates therefore on deposit <br /> <br />with the COUNTY during the entire term of this agreement. In addition, all subcontractors performing work on <br /> <br />behalf of CONTRACTOR pursuant to this agreement shall obtain insurance subject to the same terms and <br /> <br />conditions as set forth herein for CONTRACTOR. <br /> <br />All insurance policies required by this agreement shall declare any deductible or self-insured retention (SIR) <br /> <br />in an amount in excess of $25,000 ($5,000 for automobile liability), which shall specifically be approved by the <br /> <br />County Executive Office (CEO)/Office of Risk Management. <br /> <br />CONTRACTOR shall be responsible for <br /> <br />reimbursement of any deductible to the insurer. Any self-insured retentions (SIRs) or deductibles shall be clearly <br /> <br />stated on the Certificate ofInsurance. If the CONTRACTOR fails to maintain insurance acceptable to the COUNTY <br /> <br />for the full term of this agreement, the COUNTY may terminate this agreement. <br /> <br />If CONTRACTOR is a governmental entity, CONTRACTOR may elect to self-insure for the insurance <br /> <br />coverage required by this Agreement. <br /> <br />(a) Oualified Insurer The policy or policies of insurance must be issued by an insurer licensed to do business <br /> <br />in the State of California (California Admitted Carrier). <br /> <br />Minimum insurance company ratings as determined by the most current edition of the Best's Kev Ratinl!: <br /> <br />Guide/Propertv-Casualtv/United States or ambest.com shall be A- (Secure Best's Rating) and VIII <br /> <br />(Financial Size Category). <br /> <br />If the carrier is a non-admitted carrier in the State of California, County Executive Office/Office of Risk <br /> <br />Management retains the right to approve or reject carrier after a review of the company's performance and <br /> <br />financial ratings. <br /> <br />(b) Coverage Lirnits. The policy or policies of insurance maintained by the CONTRACTOR shall provj~e the <br /> <br />minimum limits and coverage as set forth herein below: <br /> <br />WIA Cost Reimbursemem COnlract <br />REV 9124/03 <br /> <br />19 <br />