The University of California requires insurance for all contractors and consultants to perform work. Please confirm "Yes" or "No" if you can meet our minimum insurance requirements. Please note that insurance requirements may vary depending on scope of work. a. Commercial Form General Liability Insurance with coverage and minimum limits as follows: i. Each occurrence $1,000,000 ii. Products Completed; Operations Aggregate $2,000,000 iii. Personal and Advertising Injury $1,000,000 iv. General Aggregate $2,000,000 b. Business Automobile Liability Insurance for owned, scheduled, non-owned, and hired automobiles, with a combined single limit of no less than $1,000,000 per accident. c. Professional Liability Insurance, with minimum limits of $2,000,000 per claim and $2,000,000 in the aggregate.d. If the above insurance (subparagraphs V.B.1.a – V.B.1.c) is written on a claims-made basis, it shall be maintained continuously for a period of no less than 3 years after the date of Final Completion of the services authorized pursuant to each Written Authorization executed. The insurance shall have a retroactive date of placement prior to, or coinciding with, the date services are first provided that are governed by the terms of this Agreement and shall include, without limitation, coverage for professional services as called for in this Agreement. Insurance required by subparagraphs V.B.1.a-V.B.1.c shall be (i) issued by companies that have a Best rating of A- or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody’s) or (ii) guaranteed, under terms consented to by the University (such consent to not be unreasonably withheld), by companies with a Best rating of A- or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody’s). e. Workers' Compensation and Employer’s Liability Insurance as follows: i. Worker’s Compensation: as required by Federal and State of California law. ii. Employer’s Liability: Each Employee $1,000,000 Each Accident $1,000,000 Policy Limit $1,000,000 iii. Insurance required by this subparagraph V.B.1.e shall be issued by companies (i) that have a Best rating of B+ or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody’s) or (ii) that are acceptable to the University.