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Speaker Agreement—Hodsden Reynoso Media Group LLC <br /> Page 5 <br /> Agreement, M-XX, Santa Ana, CA 92701. The name and location of event should be included in the <br /> Description of Operations section of each certificate. <br /> Self-Insured Retentions <br /> Self-insured retentions must be declared to and approved by the City. City may require Speaker/Performer to <br /> purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, <br /> claim administration, and defense expenses within the retention. <br /> Acceptability of Insurers <br /> Insurance is to be placed with insurers authorized to conduct business in the state of California with a current <br /> A.M. Best rating of no less than AN II,unless otherwise acceptable to City. <br /> Verification of Coverage <br /> Speaker/Performer shall furnish City with original Certificates of Insurance including all required amendatory <br /> endorsements (or copies of the applicable policy language effecting coverage required by this clause) and a <br /> copy of the Declarations and Endorsement Page of the CGL policy listing all policy endorsements to Entity <br /> before work begins. However, failure to obtain the required documents prior to the work beginning shall not <br /> waive Speaker/Performer's obligation to provide them. City reserves the right to require complete, certified <br /> copies of all required insurance policies,including endorsements required by these specifications, at any time. <br /> Claims Made Policies <br /> If any of the required policies provide coverage on a claims-made basis: <br /> 1. The retroactive date must be shown and must be before the date of the contract or the beginning of work. <br /> 2. Insurance must be maintained and evidence of insurance must be provided for at least three(3) years after <br /> completion of work. <br /> 3. If coverage is canceled or non-renewed, and not replaced with another claims-made policy form with a <br /> retroactive date prior to the contract effective date, Company must purchase "extended reporting" coverage <br /> for a minimum of three(3)years after completion of work. <br /> Subcontractors <br /> Speaker/Performer shall require and verify that all subcontractors maintain insurance meeting all <br /> the requirements stated herein, and Speaker/Performer shall ensure that City is an additional <br /> insured on insurance required from sub-contractors. <br /> Special Risks or Circumstances <br /> City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior <br /> experience, insurer, coverage, or other special circumstances. <br />