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Se(( -Insured Retentions <br />Self insured retentions must be declared to and approved by the Entity.'rhe Entity may <br />require the Consultant to purchase coverage with. a lower retention or provide proof of ability to <br />pay losses and rotated investigations, claim administration, and defense expenses within the <br />retention, The policy language shall provide, or be endorsed to provide, that the self -insured <br />retention may be satisfied by either the named insured or Entity, <br />Acceptability of Insurers <br />Insurance is to be placed with insurers authorized to conduct business in the state with a <br />current A.M. Bost's rating of no less than ANIL unless otherwise acceptable to khe Entity. <br />Claims Made Policies <br />If any of the required policies provide coverage on a claims -made basis: <br />I . The Retroactive Date must be shown and must be before the date of the contract <br />or the beginning of contract work, <br />2. Insurance must be maintained and evidence of Insurance must be provided for <br />at least jive (S) years after completion of the contract of work. <br />3. If coverage is canceled or non -renewed, and not replaced whh another claims. <br />made policy form with a Retroactive bate prior to the contract effective date, <br />the Consultant must purchase "extended reporting" coverage for a minimum of <br />flve (5) years after completion of contract work, <br />l'erifleatlon of Coverage <br />Consultant shall furnish the Entity with original Certificates of Insurance including all <br />required amendatory endorsements (or copies of the applicable policy language effecting coverage <br />required by this clause) and a copy of the Declarations and Endorsement Page of the COL policy <br />listing all policy endorsements to Entity before work begins, However, £allure to obtain the <br />required documents prior to the work beginning shall not waive the Consultant's obligation to <br />provide them. The Entity reserves the right to require complete, certified copies of all required <br />insurance policies, including endorsements required by these specifications, at any time. <br />Subcontractors ' <br />Consultant shall squire and verify that all subcontractors maintain insurance meeting all <br />the requirements stated herein, and Contractor shall ensure that Entity is an additional insured on <br />insurance required from subcontractors, <br />Special Risks or Circumstances <br />Entity reserves the right to modify these requirements, including limits, based on the nature <br />of the risk, prior experience, insurer, coverage, or other special circumstances. <br />6. INDEMNIFICATION <br />Consultant agrees to and shall indemnify and hold harmless the City, its officers, agents, <br />employees, consultants, special counsel, and representatives from liability: (1) forpersonal injury, <br />damages, just compensation, restitution, judicial or equitable relief arising out of claims for <br />personal injury, including death, and claims for property damage, which may arise from the <br />