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Acceptability of Insurers: Insurance is to be placed with insurers authorized to conduct
<br />business in the state with a current A.M. Best's rating of no less than A:VII, unless
<br />otherwise acceptable to the City.
<br />7. Claims Nfade Policies: If any of the required policies provide coverage on a claims -made
<br />basis:
<br />1. 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 at
<br />least five (5) years after completion of the contract of work.
<br />3. If coverage is canceled or non -renewed, and not replaced with another claims -
<br />made policy form with a Retroactive Date prior to the contract effective date, the
<br />Consultant must purchase "extended reporting" coverage for a minimum of five
<br />(5) years after completion of contract work.
<br />8. Verification of Coverage: Consultant shall furnish the City with original Certificates of
<br />Insurance including all required amendatory endorsements (or copies of the applicable
<br />policy language effecting coverage required by this clause) and a copy of the
<br />Declarations and Endorsement Page of the CGL policy listing all policy endorsements
<br />to City before work begins. However, failure to obtain the required documents prior to
<br />the work beginning shall not waive the Consultant's obligation to provide them. City
<br />reserves the right to require complete, certified copies of all required insurance policies,
<br />including endorsements required by these specifications, at any time.
<br />9. Subcontractors: Consultant shall require and verify that all subcontractors maintain
<br />insurance meeting all the requirements stated herein, and Consultant shall ensure that the
<br />City is an additional insured on insurance required from subcontractors.
<br />10, Special Risks or Circumstances: City reserves the right to modify these requirements,
<br />including limits, based on the nature of the risk, prior experience, insurer, coverage, or
<br />other special circumstances.
<br />INDDMNIFICA'TION
<br />To the fullest extent permitted by law, Consultant shall indemnify, defend and hold harmless City,
<br />its officers, agents and employees (collectively, the "indemnified parties") from and against any and all
<br />claims (including, without limitation, claims for bodily injury, death or damage to property), demands,
<br />obligations, damages, actions, causes of action, suits, losses, judgments, fines, penalties, liabilities, costs
<br />and expenses (including, without limitation, attorney's fees, disbursements and court costs) of every kind
<br />and nature whatsoever (individually, a claim; collectively, "claims"), which may arise from or in any
<br />manner related (directly or indirectly) to any work performed or services provided under this Agreement
<br />(including, without limitation, defects in workmanship and/or materials) or Consultant's presence or
<br />activities conducted performing the work (including the negligent and/or willful acts, errors and/or
<br />omissions of Consultant, its principals, officers, agents, employees, vendors, suppliers, contractors,
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