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effective date, the Contractor must purchase "extended reporting"
<br />coverage for a minimum of five (5) years after completion of work.
<br />8. Verification of Coverage. Contractor shall furnish the City with original
<br />Certificates of Insurance including all required amendatory endorsements (or
<br />copies of the applicable policy language effecting coverage requiredby this clause)
<br />and a copy of the Declarations and Endorsement Page of the CGL policy listing all
<br />policy endorsements to City before work begins. However, failure.to obtain the
<br />required documents prior to the work beginning shall not waive the Contractor's
<br />obligation to provide them.
<br />The City reserves the right to require complete, certified copies of all required
<br />insurance policies, including endorsements required by these specifications, at any
<br />time.
<br />9. Subcontractors. Contractor shall require and verify that all subcontractors
<br />maintain insurance meeting all the requirements stated herein, and Contractor
<br />shall ensure that City is an additional insured on insurance required from
<br />subcontractors.
<br />10. Special Risks or Circumstances. City reserves the right to modify these
<br />requirements, including limits, based on the nature of the risk, prior experience,
<br />insurer, coverage, or other special circumstances.
<br />6. INDEMNIFICATION
<br />To the fullest extent permitted by law, Sponsor shall indemnify, defend and hold
<br />harmless City, its officers, agents and employees (collectively, the "indemnified parties") from
<br />and against any and all claims (including, without limitation, claims for bodily injury, death or
<br />damage to property), demands, obligations, damages, actions, causes of action, suits, losses,
<br />judgments, fines, penalties, liabilities, costs and expenses (including, without limitation,
<br />attorney's fees, disbursements and court costs) of every kind and nature whatsoever
<br />(individually, a claim; collectively, "claims"), which may arise from or in any manner are related
<br />(directly or indirectly) to this Agreement or Sponsor's presence or activities at the Event
<br />(including the negligent and/or willful acts, errors and/or omissions of Sponsor, its principals,
<br />officers, agents, employees, vendors, suppliers, contractors, subcontractors, anyone employed
<br />directly or indirectly by any of them or for whose acts they may be liable for any or all of them).
<br />Notwithstanding the foregoing, nothing herein shall be construed to require Sponsor to
<br />indemnify the indemnified parties from any claim arising from the sole negligence or willful
<br />misconduct of the indemnified parties. This indemnity shall apply to all claims and liability
<br />regardless of whether any insurance policies are applicable. The policy limits do not act as a
<br />limitation upon the amount of indemnification to be provided by the Sponsor.
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