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current A.M. Best's rating of no less than A:VII, unless otherwise acceptable to the Entity. <br />Claims Made Policies <br />If any of the required policies provide coverage on a claims -made basis: <br />I. The Retroactive Date must be shown and must be before the date of the contract <br />or the beginning of contract work. <br />Z. Insurance must be maintained and evidence of insurance must be provided for at least five <br />(5) years after completion of the contract of work. <br />3. If coverage is canceled or non -renewed, and not replaced with ,another claims - <br />made policyform with a Retroactive Date prior to the contract effective date, <br />the Consultant must purchase "extended reporting" coverage for a minimum of <br />five (5) years after completion of contract work. <br />Verification of Coverage <br />Consultant shall furnish the Entity with original Certificates of Insurance <br />including all required amendatory endorsements (or copies of the applicable <br />policy language effecting coverage requiredby this clause) and a copy of the <br />Declarations and Endorsement Page of the COL policy listing all policy <br />endorsements to Entity before work begins. However, failure to obtain the <br />required documents priorto the work beginning shall not waive the Consultant's <br />obligation to provide them.The Entity reserves the right to require complete, <br />certified copies of all required insurance policies, including endorsements <br />required by these specifications, at anytime. <br />Subcontractors <br />Consultant shall require and verify that all subcontractors maintain insurance <br />meeting all the requirements stated herein, and Contractor shall ensure that <br />Entity is an additional insured on insurance required from subcontractors. <br />Special Risks or Circumstances <br />Entity reserves the right to modify these requirements, including limits, based <br />on the nature of therisk, prior experience, insurer, coverage, or other special <br />circumstances. <br />8, INDEMNIFICATION <br />Contractor 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 />injury, damages, 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 Contractor, its subcontractors, agents, employees, or other persons <br />acting on its behalf which relates to the services described in section I of this Agreement; and (2) <br />from any claim that personal injury, damages, just compensation, restitution, judicial or equitable <br />relief is due by reason of the terms of or effects arising from this Agreement. This indemnity and <br />