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Benevate Inc. SAAS Subscription Agreement <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 <br />work. <br />2. Insurance must be maintained and evidence of insurance must be provided for at least three (3) years <br />after completion of work. <br />3. If coverage is canceled or non -renewed, and not replaced with another claims -made policy form with <br />a Retroactive Date prior to the contract effective date, Company must purchase "extended reporting" <br />coverage for a minimum of three (3) years after completion of work. <br />Verification of Coverage <br />Company shall furnish Customer with original Certificates of Insurance including all required <br />amendatory endorsements (or copies of the applicable policy language effecting coverage required by <br />this clause) and a copy of the Declarations and Endorsement Page of the CGL policy listing all policy <br />endorsements before work begins. However, failure to obtain the required documents prior to the work <br />beginning shall not waive Company's obligation to provide them. Customer reserves the right to require <br />complete, certified copies of all required insurance policies, including endorsements required by these <br />specifications, at anytime. <br />Subcontractors <br />Company shall require and verify that all subcontractors maintain insurance meeting all the <br />requirements stated herein, and Company shall ensure that Customer is an additional insured on <br />insurance required from subcontractors. <br />Special Risks or Circumstances <br />Customer reserves the right to modify these requirements, including limits, based on the nature of the <br />risk, prior experience, insurer, coverage, or other special circumstances. <br />Failure to Maintain Insurance Coverage <br />If Company, for any reason, fails to maintain insurance coverage, which is required pursuant to this <br />Agreement, for the entire term of this contract, the same shall be deemed a material breach of <br />Agreement. Customer, at its sole option, may terminate this Agreement at any time and obtain damages <br />from Company resulting from said breach. <br />15 <br />