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111 D. Certificates of Insurance <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />Contractor shall furnish to City evidence of any insurance required by this <br />I Agreement. A Certificate of Insurance from an insurer authorized to do business in the State of <br />California will be provided, indicating that the respective policy(s) meets the following <br />requirements: <br />1. City, its officers and employees shall be named as additional insured. <br />Irisurahbd shall riot be cariceled or terhiiiiated without 30 days written <br />9 notice to City. <br />10 <br />3. Insurance shall be primary and any insurance held by City for its own <br />11 <br />protection shall be'excess and shall be effective only upon exhaustion of Contractor's insurance. <br />12 <br />13 4. Insurance shall be maintained for the duration of the Agreement, including <br />14 any period extended beyond the expiration date of thisAgreement required to complete petfor- <br />15 mance as stipulated in Section III. <br />16 E. Self Insurance <br />17 <br />Notwithstanding the insurance required above, City, at its own option, may -accept <br />18 <br />as an equivalent for any such coverage, - evidence of an on -going program of self insurance <br />19 <br />'together with excess coverage. Said equivalent, in order to satisfy the requirements herein <br />20 <br />21 contained, shall be subject to approval of the Chief Counsel of the City. <br />22 F. Fidelity Bond <br />23 In the event City chooses to make payment required herein by this Agreement by <br />24 way of advancement as opposed to reimbursement, Contractor shall be required to provide and <br />25 <br />26 maintain a blanket fidelity bond which shall apply to the performance of any direct to, officer or <br />27 agent of Contractor who signs or authorizes signatures on checks or drafts or in any manner <br />28 authorizes the disbursement of project funds. Prior to the payment of program funds, by City, <br />12 <br />