Agmt16 Premier Risk Solutions LLC

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insurance and above-referenced endorsements sufficient to satisfaction of City's Risk Manager. In no event shall Consultant commence any work or provide any Services under this Agreement until certificates of insurance and endorsements have been accepted by City's Risk Manager. 11.4 Failure to Maintain Covera4e. If Consultant fails to comply with these insurance requirements, then City will have the option to declare Consultant in breach, or may purchase replacement insurance or pay#he premiums that are due on existing policies in order to maintain the required coverages. Consultant is responsible for any payments made by City to obtain or maintain insurance and City may collect these payments from Consultant or deduct the amount paid from any sums due Consultant under this Agreement. 11.5 Submission of Insurance Policies. City reserves the right to require, at any time, complete copies of any or all required insurance policies and endorsements. 12. Business License. Consultant will obtain and maintain a City of Redwood City Business License for the term of the Agreement, as may be amended from time-to-time. 13. Maintenance of Records. Consultant will maintain complete and accurate records with respect to costs incurred under this Agreement.All records will be cleariy identifiable. Consultant will allow a representative of City during normal business hours to examine, audit, and make transcripts or copies of records and any other documents created pursuant to this Agreement. Consultant will allow inspection of all work, data,documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement. 14. Ownershiq of Documents. All work product produced by Consultant or its agents, employees, and subcontractors pursuant to this Agreement is the property of City. In the event this Agreement is terminated,all work product produced by Consultant or its agents, employees and subcontractors pursuant to this Agreement will be delivered to City pursuant to the te�rnination clause of this Agreement. Consultant will have the right to make one (1) copy of the work product for Consultant's records. 15. Copvrights. Consuttant agrees that all copyrights that arise from the Services will be vested in City and Consultant relinquishes all claims to the copyrights in favor of City. 16, Notices. The name of the persons who are authorized to give written notices or to receive written notice on behalf of City and on behatf of Consultant under this Agreement. For Ci : For Consultant: City of Redwood City Premier Risk Solutions LLC Attention: City Manager Attention: Michael Delamere President 1017 Middlefield Road 2619 122"� PL SE Redwood City, CA 94063 Everett, WA 98208 (650) 780-7000 (425) 870-9623 ATTY/AGR/2016.108/PREMIER RISK SOLUTIONS REV:05-19-16 FF Page 5 of 11