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ProudCity ● 415.745.1482 ● info@proudcity.com ● proudcity.com <br /> <br /> <br /> <br /> <br />3. Notice of Cancellation- Each insurance policy required above shall state that <br />coverage shall not be canceled, except with notice to the City. <br />D. Waiver of Subrogation- ProudCity hereby grants to City a waiver of any right <br />to subrogation which any insurer of ProudCity may acquire against the City by <br />virtue of the payment of any loss under such insurance. ProudCity agrees to <br />obtain any endorsement that may be necessary to affect this waiver of <br />subrogation, but this provision applies regardless of whether or not ProudCity <br />has received a waiver of subrogation endorsement from the insurer. <br />E. Self-Insured Retentions- Self-insured retentions must be declared to and <br />approved by the City. The City may require ProudCity to purchase coverage <br />with a lower retention or provide proof of ability to pay losses and related <br />investigations, claim administration, and defense expenses within the <br />retention. The policy language shall provide, or be endorsed to provide, that <br />the self-insured retention may be satisfied by either the named insured or <br />City. <br />F. 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 />G. Verification of Coverage- ProudCity shall furnish City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />applicable policy language effecting coverage requiredby this clause) and a copy <br />of the Declarations and Endorsement Page of the CGL policy listing allpolicy <br />endorsements to City before work begins. However, failure to obtain the <br />required documents prior to the work beginning shall not waive ProudCity’s <br />obligation to provide them.The City reserves the right to require complete, <br />certified copies of all required insurance policies, including endorsements <br />required by these specifications, at any time. <br />H. Subcontractors- ProudCity shall require and verify that all subcontractors <br />maintain insurance meeting all the requirements stated herein, and ProudCity <br />shall ensure that City is an additional insured on insurance required from <br />subcontractors. <br />I. Special Risks or Circumstances- City reserves the right to modify these <br />requirements, including limits, based on the nature of therisk, prior experience, <br />insurer, coverage, or other special circumstances.