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3. Notice of Cancellation. Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />4. Waiver of Subrogation. Speaker/Performer hereby grants to City a waiver of any <br />right to subrogation that any insurer of said Speaker/Performer may acquire against <br />the City by virtue of the payment of any loss under such insurance. <br />Speaker/Performer agrees to obtain any endorsement that maybe necessary to affect <br />this waiver of subrogation, but this provision applies regardless of whether or not <br />the City has received a waiver of subrogation endorsement from the insurer. <br />5. Acceptability of Insurers. Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best's rating of no less than <br />A:VII, unless otherwise acceptable to the City. <br />6. Verification of Coverage. Speaker/Performer shall furnish the City with original <br />Certificates of Insurance including all required amendatory endorsements (or copies <br />of the applicable policy language effecting coverage requiredby this clause) and a <br />copy of the Declarations and Endorsement Page of the CGL policy listing all policy <br />endorsements to City before work begins. However, failure to obtain the required <br />documents prior to the work beginning shall not waive the Speaker/Performer'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 />7. Subcontractors. Speaker/Performer shall require and verify that all subcontractors <br />maintain insurance meeting all the requirements stated herein, and <br />Speaker/Performer shall ensure that City is an additional insured on insurance <br />required from subcontractors. <br />8. 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 />