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endorsed to provide, that the self -insured retention may be satisfied by <br />either the named insured or City. <br />(vi)Acceptability of Insurers. Insurance is to be placed with insurers <br />authorized to conduct business in the state with a current A.M. Best's <br />rating of no less than A:VII, unless otherwise acceptable to the City. <br />(vii) Claims Made Policies. If any of the required policies provide <br />coverage on a claims -made basis: <br />• The Retroactive Date must be shown and must be before the date of <br />the contract or the beginning of contract work. <br />• Insurance must be maintained and evidence of insurance must be <br />provided for at least five (5) years after completion of the contract <br />of work. <br />• If coverage is canceled or non -renewed, and not replaced with <br />another claims -made policy form with a Retroactive Date prior to <br />the contract effective date, the Consultant must purchase "extended <br />reporting" coverage for a minimum of five (5) years after <br />completion of contract work. <br />(viii) Verification of Coverage. Consultant shall furnish the City with <br />original Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting <br />coverage required by this clause) and a copy of the Declarations and <br />Endorsement Page of the CGL policy listing all policy endorsements to <br />City before work begins. However, failure to obtain the required <br />documents prior to the work beginning shall not waive the Consultant's <br />obligation to provide them. The City reserves the right to require <br />complete, certified copies of all required insurance policies, including <br />endorsements required by these specifications, at any time. <br />(ix)Subcontractors. Consultant shall require and verify that all <br />subcontractors maintain insurance meeting all the requirements stated <br />herein, and Consultant shall ensure that City is an additional insured on <br />insurance required from subcontractors. <br />(x) Special Risks or Circumstances. City reserves the right to modify <br />these requirements, including limits, based on the nature of the risk, <br />prior experience, insurer, coverage, or other special circumstances. <br />8. INDEMNIFICATION <br />Consultant agrees to defend, and shall indemnify and hold harmless the City, its officers, <br />agents, employees, contractors, special counsel, and representatives from liability: (1) for personal <br />Page 5 of 10 <br />