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REV: 12-14-23 MI <br />1.3 Providing Certificates of Insurance and Endorsements. Prior to City’s <br />execution of this Agreement, Vendor will provide to City certificates of insurance <br />and above-referenced endorsements sufficient to satisfaction of City’s Risk <br />Manager. In no event will Vendor commence any work or provide any Services <br />under this Agreement until certificates of insurance and endorsements have been <br />accepted by City’s Risk Manager. <br />1.4 Failure to Maintain Coverage. If Vendor fails to comply with these insurance <br />requirements, then City will have the option to declare Vendor in breach, or may <br />purchase replacement insurance or pay the premiums that are due on existing <br />policies in order to maintain the required coverages. Vendor is responsible for any <br />payments made by City to obtain or maintain insurance and City may collect these <br />payments from Vendor or deduct the amount paid from any sums due Vendor <br />under this Agreement. <br />1.5 Submission of Insurance Policies. City reserves the right to require, at any <br />time, complete copies of any or all required insurance policies and endorsements. <br />ATTY/AGR.2023.315/Consolidated Electrical Distributors, Inc. (Courthouse Square Lighting Panels) (Page 9 of 10)