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Self-insured Retentions <br /> Sell-insured retentions must be declared to and approved by the City. City may require Contractor <br /> to purchase coverage with a lower retention or provide proof of ability to pay losses and related <br /> investigations,claim administration, and dei'ense expenses within the retention. <br /> Acceptability of Insurers <br /> Insurance is to he placed with insurers authorized to conduct business in the state of California <br /> with a current A.M. Best rating or no less than A:V11, unless otherwise acceptable to City. <br /> Verification of Coverage <br /> Contractor shall -.furnish City with original Certificates of Insurance including all required <br /> amendatory endorsements(or copies of the applicable policy language effecting coverage required <br /> by this clause)and a copy of the Declarations and Endorsement page of the CGL policy listing all <br /> policy endorsements to Entity before work begins. However, failure to obtain the required <br /> documents prior to the work beginning shall not waive Contractor's obligation to provide them. <br /> City reserves the right to require complete, certified copies of all required insurance policies, <br /> including endorsements required by these specifications, at any time. <br /> Claims Marie Policies <br /> If any of the required policies provide coverage on a claims-made basis: <br /> I, The retroactive elate must be shown and must be before the slate of the: contract or the <br /> beginning of work, <br /> 2., Insurance must be maintained and evidence of insurance must be provided-for at least three <br /> (3)years lifter completion of work. <br /> 1 If coverage is canceled or non-renewed, and not replaced with another claims made policy <br /> farm with a retroactive date prior to the contract effective date, Company must purchase <br /> "extended reporting"coverage ftir a inininiIutii of'three (3)years after completion of work. <br /> Subcontractors <br /> Contractor shall require and verify that all sub-contractors maintain insurance meeting all the <br /> requirements stated herein, and Contractor shall ciIsure that City is an additional insured on <br /> insurance required from sub-contractors. <br /> Special Risley or Circumstances <br /> City reserves [lie right to modify these requirements, including limits, based on the nature of the <br /> risk, prior experience, insurer,coverage,or other special circumstances. <br /> 7. INDEMNIFICATION <br /> Consultant agrees to defend, and shall indemnify and hold hamiless the City, its officers, <br /> agents,employees,contractors, special counsel, and representatives from liability: (1)for personal <br /> injury,dainages,just compensation, restitution,judicial or equitable relief arising;out of claims for <br /> personal injury, including death, and claims for property damage, which may arise from the: <br /> negligent operations of the Consultant, its subcontractors, agents, employees, or other person,, <br /> acting; on its behalf which relates to the services described in section I of this Agreement,, and (2) <br /> #2062323v1 <br />