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<br />13 <br /> <br />14 <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />1 <br /> <br />provisions of this Agreement have been complied with and to keep such insurance coverage and the <br /> <br />2 <br /> <br />certificates therefore on deposit with DIRECTOR during the entire term of this Agreement. In addition, all <br /> <br />3 <br /> <br />subcontractors performing work on behalf of CONTRACTOR pursuant to this Agreement shall obtain <br /> <br />4 <br /> <br />insurance subject to the same terms and conditions as set forth herein for CONTRACTOR. <br /> <br />5 <br /> <br />(b) All insurance pOlicies required by this Agreement shall declare any deductible or self-insured <br /> <br />6 <br /> <br />retention (SIR) in an amount in excess of $25,000 ($5,000 for automobile liability), which shall specifically <br />be approved by the County Executive Office (CEO)/Office of Risk Management. CONTRACTOR shall be <br /> <br />7 <br /> <br />responsible for reimbursement of any deductible to the insurer. Any self-insured retentions (SIRs) or <br /> <br />8 <br /> <br />deductibles shall be clearly stated on the Certificate of Insurance. If the CONTRACTOR fails to maintain <br /> <br />9 <br /> <br />insurance acceptable to the COUNTY for the full term of this Agreement, the COUNTY may terminate this <br /> <br />10 <br /> <br />Agreement. <br /> <br />11 <br /> <br />(c) If CONTRACTOR is a governmental entity, CONTRACTOR may elect to self-insure for the <br /> <br />12 <br /> <br />insurance coverage required by this Agreement. <br /> <br />(d) The policy or policies of insurance required herein must be issued by an insurer licensed to do <br /> <br />business in the State of California (California Admitted Carrier). If the insurer is not licensed to do <br /> <br />business in the State of California, CEO/Office of Risk Management retains the right to approve or reject <br /> <br />the insurer after a review of the insurer's performance and financial ratings. <br /> <br />(e) The policy or policies of insurance required herein must be issued by an insurer with a <br /> <br />minimum rating of "A- (Secure Best's Rating)" and a minimum financial rating of "VIII (Financial Size <br /> <br />Category)," as determined by the most current edition of the Best's Key Ratino Guide/Propertv- <br /> <br />Casualtv/United States or by going on-line to "ambest.com." <br /> <br />(f) The policy or policies of insurance maintained by CONTRACTOR shall provide the minimum <br /> <br />limits and coverage as set forth below: <br /> <br />Coveraoe <br /> <br />Minimum Limits <br /> <br />Commercial General Liability with <br />Broad Form Property Damage <br />Endorsement and Contractual Liability <br /> <br />$1,000,000 combined single limit <br />per occurrence <br />$2,000,000 Aggregate <br /> <br />Automobile Liability including all owned, <br />non-owned and hired vehicles <br /> <br />$1,000,000 combined single limit <br />per occurrence <br /> <br />Workers' Compensation <br /> <br />Statutory <br /> <br />WIA COST REIMBURSEMENT CONTRACT - REV. 6-2-06 <br /> <br />21 <br />