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4. Waiver of Subrogation: Contractor hereby grants to City a waiver of any <br />'ght to subrogation that any insurer of said Contractor may acquire against <br />e City by virtue of the payment of any loss under such insurance. <br />ontraetor agrees to obtain any ondorsetnentthat may be.nee essary to allot <br />his waiver of subrogation, but this provision applies regardless of whether <br />not the City has received a waiver of subrogation endorsement atom ft <br />S. Bell Insured Retentions. Self -insured retentions must be declared to and <br />pproved by the City. The City may require the Contractor to purchase <br />overage with a lower retention or provide proof ofability to pay losses and <br />elated investigations, claim administration, and defense expenses within <br />'he retention. The policy language shah provide, or be endorsed to provide, <br />at the self Insured retention may be satlsfaed by either the named insured <br />pr City. <br />6. Ikeeeptability of Insurerst. insurance is to be placed with insurers. <br />i uthori ed to oonduotbusiness in the mate with a currant Am. Best%rating <br />f no less than ANIL unless otherwise acceptable to the City. <br />riffeation of Coverage: Contractor shall fircuish the: city with original <br />tificates of Insurance including all required amendatory endorsements <br />copies of the applicable policy language offecting coverage requiredby <br />; clause) and a copy of the.Declatations and Endorsement Page of they <br />L policy listing all policy endorsements to City before work begins. <br />Never, failure to obtain the required documents prior to the work <br />n*g shallnotwalve the Contractor's;obligatlon to providethem. <br />tyrosetvesthe rightto requirocomplet%certified copies ofall required <br />10epolicies, including endorsements required bythesr speolftcations, <br />time., <br />d. trbcontractors. Contractor shall require and verify that all subcontractors <br />aintain Insurance meeting all the requirements stated hereto, and <br />traetor shall ensure that. City 4s an additional insured on insurance <br />-equired from subcontractors. <br />!. pedal risks or Circumstamoresr City reserves the right to modify these <br />quirementg, including limits, based on the nature of the risk, prior <br />xperienee, insurer, coverage, or other special circumstances. The City <br />vservcs the right to modify or waive. <br />Page 4 of <br />