Common use of Proof of Coverage Clause in Contracts

Proof of Coverage. Prior to commencing the services under this Agreement and annually thereafter, Permittee shall furnish a certificate of insurance, satisfactory to the Port of Oakland Risk Management Department, evidencing that the above insurance is in force in compliance with the terms of these insurance requirements, placed with insurance carriers financially acceptable to the Port, stating the name(s) of the insurance carriers, policy numbers, dates of expiration and limits of liability. In addition to the certificate of insurance, Permittee shall provide the Port with copies of the actual insurance policies if requested by the Port of Oakland at any time. The Port reserves the right to approve or disapprove of any deductible or self-insured retention under any insurance required by the Agreement. Written binders may be acceptable as interim evidence of insurance. Send certificates to: Port of Oakland Attn: Risk Management Department 000 Xxxxx Xxxxxx Xxxxxxx, XX 00000 Email: xxxxxxxxxxxx@xxxxxxxxxxx.xxx