Laserfiche WebLink
maintained by the City, its officers,officials, employees, or volunteers shall be excess <br /> of the Contractor's insurance and shall not contribute with it. <br /> Notice of Cancellation <br /> Each insurance policy required above shall provide that coverage shall not be canceled, <br /> except with notice to the City. <br /> Waiver of Subrogation <br /> Contractor hereby grants to City a waiver of any right to subrogation which any insurer <br /> of said Contractor may acquire against the City by virtue of the payment of any loss <br /> under such insurance. Contractor agrees to obtain any endorsement that may be <br /> necessary to affect this waiverof subrogation, but this provision applies regardless of <br /> whether or not the City has received a waiver of subrogation endorsement from the <br /> insurer. <br /> Self-Insured Retentions <br /> Self-insured retentions must be declared to and approved by the City. The City may <br /> require the Contractor to purchase coverage with a lower retention or provide proof of <br /> ability to pay losses and related investigations, claim administration, and defense <br /> expenses within the retention. The policy language shall provide, or be endorsed to <br /> provide, that the self-insured retention may be satisfied by either the named insured or <br /> City. <br /> Acceptability of Insurers <br /> Insurance is to be placed with insurers authorized to conduct business in the state with a current <br /> A.M. Best's rating of no less than A:VII,unless otherwise acceptable to the City. <br /> Verification of Coverage <br /> Contractor shall furnish the City with original Certificates of Insurance including all <br /> required amendatory endorsements (or copies of the applicable policy language <br /> effecting coverage required by this clause) and a copy of the.Declarations and <br /> Endorsement Page of the.CGL policy listing allpolicy endorsements to City before <br /> work begins. However, failure to obtain the required documents prior to the work <br /> beginning shall not waive the Contractor's obligation to 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 /> Subcontractors <br /> Contractor shall require and verify that all subcontractors maintain insurance meeting <br /> all the requirements stated herein, and Contractor shall ensure that City is an additional <br /> insured on insurance required from subcontractors. <br /> Special Risks or Circumstances <br /> Page 4 of 8 <br /> #315259vl <br />