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or other equivalent coverage approved by the SBWIB, Inc. Attorney. <br />C. Worker Compensation <br />Contractor shall provide worker compensation insurance coverage and benefits <br />which complies with provisions of the California Labor Code, covering all employees of Contractor <br />and, if applicable, other comparable insurance coverage such as medical and accident insurance for <br />those participants enrolled in classroom training or similar programs and not qualifying as employed <br />under worker compensation, as required by State or Federal law. <br />D. Fidelity Bond <br />In the event SBWIB, Inc. chooses to make payment required herein by this <br />Agreement by way of advancement as opposed to reimbursement, Contractor shall be required to <br />provide and maintain a blanket fidelity bond which shall apply to the performance of any director, <br />officer or agent of Contractor who signs or authorizes signatures on checks or drafts or in any <br />manner authorizes the disbursement of project funds. Prior to the payment of program funds, by <br />SBWIB, INC., Contractor shall furnish SBWIB, Inc. a certificate of insurance from an insurer <br />admitted to do business in the State of California verifying the Contractor carries such a bond. Said <br />insurance certificate shall (1) name the SBWIB, Inc. as additional insured with a provision for direct <br />payment to the SBWIB, INC. in the event of loss and (2) provide that said bond shall not be <br />canceled or terminated without 30 days written notice to SBWIB, Inc.. Contractor hereby assigns to <br />SBWIB, Inc. any right it has to claim indemnification under such bond. The amount of the bond shall <br />be no less than $50,000 or the highest advance planned for the present Agreement, whichever is <br />higher. <br />E. Certificates of Insurance <br />s <br />