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(4) Professional Liability and/or Errors & Omissions Insurance: applicable to the <br />work being performed, with a limit no less than $1,000,000 per claim or occurrence <br />and $2,000,000 aggregate per policy period of one year. <br />(5) Broader Coverage: if Consultant maintains broader coverage and/or higher limits <br />than the minimums shown above, the City requires and shall be entitled to the broader <br />coverage and/or the higher limits maintained by Consultant. Any available insurance <br />proceeds in excess of the specified minimum limits of insurance and coverage shall be <br />available to the City. <br />Other Insurance Provisions <br />(1) Additional Insured Status: The City, its officers, officials, employees, and volunteers <br />are to be covered as additional insureds on the CGL policy with respect to liability <br />arising out of work or operations performed by or on behalf of Consultant including <br />materials, parts, or equipment furnished in connectionwith such work or operations. <br />General liability coverage can be provided in the form of an endorsement to <br />Consultant's insurance (at least as broad as ISO Form CG 20 10 11 85 or if not <br />available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; <br />and CG 2037 if a later edition is used). <br />(2) Primary Coverage: For any claims related to this contract, Consultant's insurance <br />coverage shall be primary coverage at least as broad as ISO CG 20 01 04 13 as <br />respects the City, its officers, officials, employees, and volunteers. Any insurance or <br />self-insurance maintained by the City, its officers, officials, employees, or volunteers <br />shall be excess of Consultant's insurance and shall not contribute with it. <br />(3) Notice of Cancellation: Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />(4) Waiver of Subrogation: Consultant hereby grants to City a waiver of any right to <br />subrogation that any insurer of said Consultant may acquire against the City by virtue <br />of the payment of any loss under such insurance. Consultant agrees to obtain any <br />endorsement that may be necessary to affect this waiverof subrogation, but this <br />provision applies regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer. <br />(5) Self -Insured Retentions: Self -insured retentions must be declared to and approved <br />by the City. The City may require Consultant to purchase coverage with a lower <br />retention or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. The policy language shall <br />provide, or be endorsed to provide, that the self -insured retention may be satisfied by <br />either the named insured or City. <br />(6) 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 A:VII, <br />unless otherwise acceptable to the City. <br />(7) Claims Made Policies: If any of the required policies provide claims -made coverage: <br />Page 3 of 9 <br />