Laserfiche WebLink
s, Self- IusuredItetcnIkinv. SeII'-insured «tenIions most hedecIaredtoand approve (I <br />by the ('ity I'he( 'it) may require the Contractor to purchase coverage with a lower <br />retention or provide proof of uhility to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. [he policy language <br />shall provide, or be endorsed to provide, that the selr-insured retention may he <br />satislied by either the named insured or City. <br />G. 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 />7. Verification of Coverage. Contractor shall furnish the City with original <br />Certificates of Insurance including all required amendatory endorsements (or copies <br />of the applicable policy language effecting coverage requiredby this clause) and a <br />copy of the Declarations and Endorsement Page of the CGL policy listing all policy <br />endorsements to City before work begins. However, failure to obtain the required <br />documents prior to the work beginning shall not waive the Contractor's obligation to <br />provide them. <br />The City reserves the right to require complete, certified copies of all required <br />insurance policies,including endorsements required by these specifications, at any <br />time. <br />8. Special Risks or Circumstances. City reserves the right to modit} these <br />requirements, including limits, based on the nature of the risk, prior experience. <br />insurer, coverage, or other special circumstances. <br />6. INDEMNIFICATION <br />Contractor agrees to defend, and shall indemnify and hold harmless the City, its officers, <br />agents, employees, consultants, special counsel, and representatives from liability: ( I ) for personal <br />injury. damages, just compensation, restitution, judicial orequitable relicfarising out ofclaims 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 I of this Agreement; and <br />(2) from any claim that personal injury, damages, just compensation, restitution, judicial or <br />equitable relief is due by reason of the terms of or effects arising from this Agreement. This <br />indemnity and hold harmless agreement applies to all claims for damages, just compensation. <br />restitution, judicial or equitable relief suffered, or alleged to have been suffered, by reason of the <br />events referred to in this Section or by reason of the terms of, or effects, arising from this <br />Agreement. The Contractor further agrees to indemnity, hold harmless, and pay all costa for the <br />defense of the City, including fees and costs for special counsel to be selected by the City, <br />regarding any action by a third party challenging the validity of this Agreement, or asserting that <br />personal injury, damages,just compensation, restitution, judicial orequitable relief due to personal <br />or property rights arises by reason of the terms of', or effects arising from this Agreement. City <br />ma% make all reasonable decisions with respect to its representation in any legal proceeding. <br />Page 4 of 9 <br />