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covered under IPS's liability policy, such "property" coverage of the City may be endorsed onto IPS's Cyber Liability Policy as covered property. 6. If IPS maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by IPS. Any available Insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City. b. other Insurance Provisions -- The insurance policies are to contain, or be endorsed to contain, the following provisions: 1. Additional Insured Status: The City, Its officers, officials, employees, and volunteers are to be covered as additional Insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of IPS including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to IPS's insurance (at least as broad as ISO Form CG 20 10 1185 or both CG 2010, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 forms if later revisions used). Please note, if there Is an Insured vs. insured exclusion on IPS's policy, My will carefully review with IPS and their insurance carrier on whether being added as an additional insured onto IPS's policy removes City's ability to file suit against IPS and draw upon the policy should final adjudication in a lawsuit state that IPS shall pay damages to City. 2. Primary Coverage: For any claims related to this contract, IPS's insurance coverage shall be primary. Coverage for commercial liability shall be at least as broad as ISO CG 20 010413 as respects the City, its officers, officials, employees, and volunteers. Any insurance or self- insurance maintained by the City, its officers, officials, employees, or volunteers shall be excess of IPS's insurance and shall not contribute with it. 3. Notice of Cancellation: Each insurance policy required above shall state that coverage shall not be canceled, except with notice to the City. 4. Walverof Subrogation: IPS hereby grants to City a waiver of any right to subrogation which any insurer of IPS may acquire against the City by virtue of the payment of any loss under such insurance. IPS agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer. S. Self -Insured Retentions: Self -insured retentions must be declared to and approved by the City. The City may require IPS to provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named Insured or City. 6. Acceptability of Insurers: Insurance is to he placed with insurers authorized to conduct business in the state with a current A.M. Best's rating of no less than A-:VII, unless otherwise acceptable to the City. 7. Claims Made Policies: If any of the required policies provide coverage on a claims -made basis: