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i, The retroactive date must be shown, and must be before the date of the contract or
<br />beginning of contract work.
<br />ii. Insurance must be maintained and evidence of insurance must be provided for at
<br />least five (5) years after completion of contract work.
<br />iii. 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,
<br />the Sponsor must purchase "extending reporting" coverage for a minimum of five
<br />(5) years after completion of work.
<br />(8) Verification of Coverage. Sponsor 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 requiredby this clause) and a copy of the Declarations
<br />and Endorsement Page of the CGL policy listing allpolicy endorsements to City before
<br />work begins. However, failure to obtain the required documents prior to the work
<br />beginning shall not waive the Sponsor's obligation to provide them.
<br />The City reserves the right to require complete, certified copies of all required insurance
<br />policies,including endorsements required by these specifications, at any time.
<br />(9) Subcontractors. Sponsor shall require and verify that all subcontractors maintain
<br />insurance meeting all the requirements stated herein, and Sponsor shall ensure that City
<br />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 oftherisk, prior experience, insurer, coverage, or other special
<br />circumstances.
<br />7. INDEMNIFICATION
<br />a. To the fullest extent permitted by law, Sponsor shall indemnify, defend and hold
<br />harmless City, its officers, agents and employees (collectively, the "City indemnified parties")
<br />from and against any and all claims (including, without limitation, claims for bodily injury,
<br />death or damage to property), demands, obligations, damages, actions, causes of action, suits,
<br />losses, judgments, fines, penalties, liabilities, costs and expenses (including, without
<br />limitation, attorney's fees, disbursements and court costs) of every kind and nature whatsoever
<br />(individually, a "claim"; collectively, "claims"), which may arise from Sponsor's falsity or
<br />breach of any representation or warranty or breach of any covenant or agreement made or to
<br />be performed by Sponsor pursuant to this Agreement or Sponsor's negligent and/or willful
<br />acts, errors and/or omissions of Sponsor, its principals, officers, agents, employees, vendors,
<br />suppliers, contractors, subcontractors, anyone employed directly or indirectly by any of them
<br />or for whose acts they may be liable for any or all of them. Notwithstanding the foregoing,
<br />nothing herein shall be construed to require Sponsor to indemnify the indemnified parties from
<br />any claim arising from the sole negligence or willful misconduct of the City indemnified
<br />parties. This indemnity shall apply to all claims and liability regardless of whether any
<br />insurance policies are applicable. The policy limits do not act as a limitation upon the amount
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