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4. Waiver of Subrogation: Provider hereby grants to City a waiver of any <br />right to subrogation that any insurer of said Provider may acquire <br />against the City by virtue of the payment of any loss under such <br />insurance. Provider agrees to obtain any endorsement that may be <br />necessary to affect this waiver of subrogation, but this provision applies <br />regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer. <br />5. Self -Insured Retentions: Self -insured retentions must be declared to <br />and approved by the City. The City may require the Provider to purchase <br />coverage with a lower retention or provide proof of ability to pay losses <br />and related investigations, claim administration, and defense expenses <br />within the retention. The policy language shall provide, or be endorsed <br />to provide, that the self -insured retention may be satisfied by either the <br />named insured or City. <br />6. 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 />7. Verification of Coverage: Provider shall furnish the City with original <br />Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting <br />coverage requiredby 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 Provider's <br />obligation to provide them. <br />The City reserves the right to require complete, certified copies of all <br />required insurance policies,including endorsements required by these <br />specifications, at anytime. <br />8. 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 />