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NEOGOV IM commercial liability shall be at least as broad as ISO CG 20 0 t Oil 13 as respects the Customer, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by the Customer, its officers, officials, employees, or volunteers shall be excess of NEOGOV's insurance and shall not contribute with it, 3) Notice gfCancellation- Each insurance policy requited above shall state that coverage shall not be canceled, except with notice to the Customer. 4) Waiver af' Subrogation- NEOGOV hereby grants to Customer a waiver of any right to subrogation which any insurer of NEOGOV may acquire against the Customer by virtue of the payment of any Loss under such insurance. NEOGOV agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not Customer has received a waiver of subrogation endorsement from the insurer. S) Self-Insu.rerl Retentions- Self -insured retentions must be declared to and approved by the Customer. The Customer. .may require NEOGOV to provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide,or be endorsed to provide, that the self -insured retention may be satisfied by either the named insured or Customer. b) Acceptability of Insurers- Insurance is to be placed with insurers authorized to conduct business in the statewith acurrentA.M. Best's rating of no less than A-:VII, unless otherwise acceptable to the Customer. 7) Claims Made policies- If any of the required policies provide coverage oti a claims -made basis: it. The Retroactive Date must be shown and must be before the date of the contract or the beginning of contract work. b. .Insurance must be maintained and evidence of insurance must be provided,for at leastfeve (S) years after eompletion of the contract of work, c. If coverage is canceled or non -renewed, and not replaced with another claims -matte policy firm with a Retroactive .Date prior to the contract effective date, NEOGOV must purchase "extended reporting" coverage for a minimum of five (S) years after completion of contract work. 8) Verification of Coverage- NEOGOV shall furnish the Customer all policy endorsements to the Customer before work begins, However, failure to obtain the required documents prior to the work begimming shall not waive the NEOGOV's obligation to provide 4of8