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occurrence limit. The Commercial General Liability insurance policy shall be endorsed to name the City, its officers, agents, employees and volunteers as additional insureds, and to state that the insurance will be primary and not contribute with any insurance or self-insurance maintained by the City. 10.1.2 Business Automobile Liability Insurance. Stanford shall maintain coverage with limits not less than $1,000,000 per each accident for owned, hired and non-owned automobiles. 10.1.3 Workers' Compensation Insurance. Stanford shall maintain coverage as required by the California Labor Code. The Workers' Compensation policy shall contain an endorsement stating that the insurer waives any right to subrogation against the City, its officers, agents, employees and volunteers. 10.1.4 Employer's LiabilitY Insurance. Stanford shall maintain coverage with limits not less than $1,000,000 per each accident for bodily injury or disease. 10.1.5 Professional Liability Insurance. Stanford shall maintain coverage with limits not less than $1,000,000 per occurrence. Professional Liability may be written as claims-made coverage. 10.2. Notice of Cancellation. This insurance will be in force during the life of the Agreement and any extensions of it and will not be canceled without Stanford providing thirty (30) days prior written notice to City sent pursuant to the Notice provisions of this Agreement. 10.3 Providinq Certificates of Insurance and Endorsements. Prior to City's execution of this Agreement, Stanford shall provide to City certificates of insurance and above-referenced endorsements sufficient to satisfaction of City's Risk Manager. In no event shall Stanford commence any work or provide any Services under this Agreement until certificates of insurance and endorsements have been accepted by City's Risk Manager. 10.4 Failure to Maintain Coveraae. If Stanford fails to comply with these insurance requirements, then City will have the option to declare Stanford in breach, or may purchase replacement insurance or pay the premiums that are due on existing policies in order to maintain the required coverages. Stanford is responsible for any payments made by City to obtain or maintain insurance and City may collect these payments from Stanford or deduct the amount paid from any sums due Stanford under this Agreement. REV:05-11-16 FF Page 4 of 15 ATTY/AGR.2016.099/The Stanford Graduate School of Business