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<br />agents <br /> <br />and <br /> <br />employees <br /> <br />from <br /> <br />claims <br /> <br />which <br /> <br />may arise from services <br /> <br />rendered <br /> <br />under the Agreement, whether such services are rendered by <br /> <br />the <br /> <br />Consultant <br /> <br />or <br /> <br />by <br /> <br />any of the Consultant's agents or by anyone <br /> <br />employed <br /> <br />by <br /> <br />either. <br /> <br />Consultant, the Consultant's successors and <br /> <br />assigns, <br /> <br />hereby <br /> <br />agree <br /> <br />to <br /> <br />maintain the same or similar type, form <br /> <br />and <br /> <br />amounts <br /> <br />of <br /> <br />professional liability coverage(s} to cover lawful <br /> <br />claims <br /> <br />arising <br /> <br />before or after completion of this project and as a <br /> <br />result <br /> <br />of <br /> <br />this <br /> <br />project for as long as such coverage is reasonably <br /> <br />available <br /> <br />after <br /> <br />the <br /> <br />completion <br /> <br />of <br /> <br />this <br /> <br />Agreement <br /> <br />or until the <br /> <br />expiration <br /> <br />of applicable statute(s} of limitations, whichever first <br /> <br />occurs. <br /> <br />Insurance <br /> <br />carriers <br /> <br />insuring <br /> <br />the Consultant in accordance with <br /> <br />this <br /> <br />Agreement <br /> <br />which <br /> <br />are <br /> <br />not rated by the most recent edition of <br /> <br />Best'ê. <br /> <br />Key <br /> <br />Ratinq Guide, Property-Casualty, pubiished by A.M. Best <br /> <br />Company, <br /> <br />or insurance carriers having a rating lower than B VIII as <br /> <br />shown <br /> <br />in the most recent edition of said book, will not be approved <br /> <br />by <br /> <br />Owner <br /> <br />unless a guaranty bond acceptable to Owner from a carrier <br /> <br />rated <br /> <br />B <br /> <br />VIII <br /> <br />or higher guaranteeing payment of any and all claims <br /> <br />against the Consultant is furnished to Owner. <br /> <br />The stated limits <br />MINIMUM ONLY and it <br />determine what limits <br /> <br />of insurance required by this Paragraph are <br /> <br />shall <br /> <br />be the Consultant's responsibility to <br /> <br />are <br /> <br />adequate. <br /> <br />These minimum limits may be <br /> <br />basic <br /> <br />policy limits or any combination of basic limits and umbrella <br /> <br />limits. <br /> <br />The <br /> <br />Owner's acceptance of Certificates of Insurance that <br /> <br />in <br /> <br />any <br /> <br />respect <br /> <br />do <br /> <br />not <br /> <br />comply <br /> <br />with <br /> <br />the <br /> <br />requirements <br /> <br />of <br /> <br />this <br /> <br />Agreement does not release the Consultant from compliance herewith. <br /> <br />-10- <br />