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Page 4 of 10 <br /> <br />insurance. Contractor 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 /> <br />(5) Self-Insured Retentions. Self-insured retentions must be declared to <br />and approved by the City. The City may require the Contractor to <br />purchase coverage with a lower retention or provide proof of ability to <br />pay losses and related investigations, claim administration, and defense <br />expenses within the retention. The policy language shall provide, or be <br />endorsed to provide, that the self-insured retention may be satisfied by <br />either the named insured or City. <br /> <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 /> <br />(7) Verification of Coverage. Contractor shall furnish the City with <br />original Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting <br />coverage required by 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 Contractor’s <br />obligation to provide them. <br /> <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 any time. <br /> <br />(8) Subcontractors. Contractor shall require and verify that all <br />subcontractors maintain insurance meeting all the requirements stated <br />herein, and Contractor shall ensure that City is an additional insured on <br />insurance required from subcontractors. <br /> <br />(9) 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 /> <br />6. INDEMNIFICATION <br /> <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 or its subcontractors, agents, employees, or other persons <br />acting on their behalf which relates to the services described in section 1 of this Agreement; and