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All insurance shall be issued by companies admitted to do business in the State of Washington and have a ratlng of A-, Class Vll or better in the most recently published edition of Best's Reports unless othenruise approved by the County. lf an insurer is nst admitted, all insurance poticies and procedures fcr issuing the insurance policies must cornply with Chapter 48.15 RCW and 284-15 WAC. Commercial General Liability lnsurance Policy. Provide a CommercialGenerat Liability lnsurance Policy, including contractual liability, written on an occurrence basis, in adequate quantity to protect against legal liabifity arising out of Grant activity but no less than $1,000,000 per occurrence. Additionally, llappy Feet is responsible for ensuring that any Subcontractors provide adequate insurance coverage for lhe activities arising out of subcontracts. Property lnsurance Grantee shall keep the Property insured in an amount sufficient to permit such insurance to be written at alltimes on a replacament cost basis. Fidelity lnsurance. Every officer, director, employee, or agent who is authorized to act on behalf of the Grantee for the purpose of receiving or depositing funds into program accounts or issuing financial documents, checks, or other instruments of payment for program msts shall be insured to provide protection against loss: A. The arnount of fidelity coverage secured pursuant to this Grant shall be $2,000,000 or the highest of planned reimbursement for lhe Grant period, whichever is lowest. Fidelity insurance secured pursuant to this paragraph shall name Kittitas County as beneliciary. B. Subcontractors that receive $10,000 or more per year in funding through this Grant shall secure fidelity lnsurance as noted above. Fidelity insurance secured by Subcontractors pursuant to this paragraph shall name the Grantee and the Grantee's fiscal agent as beneflciary. Fage 7 *f 7