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Primary Coverage <br />For any claims related to this contract, the FNS's insurance coverage shall be primary <br />coverage at least as broad as ISO CG 20 01 04 13 as respects the City, its officers, <br />officials, employees, and volunteers. Any insurance or self-insurance maintained by <br />the City, its officers, officials, employees, or volunteers shall be excess of the FNS's <br />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 />INS hereby grants to City a waiver of any right to subrogation which any insurer of <br />said FNS may acquire against the City by virtue of the payment of any loss under such <br />insurance. F N S agrees to obtain any endorsement that may be necessary to affect this <br />waiverof subrogation, but this provision applies regardless of whether or not the City <br />has received a waiver of subrogation endorsement from the insurer. <br />Self -Insured Retentions <br />Self -insured retentions must be declared to and approved by the City. The City may <br />require FND to purchase coverage with a lower retention or provide proof of ability to <br />pay losses and related investigations, claim administration, and defense expenses <br />within the retention. The policy language shall provide, or be endorsed to provide, that <br />the self -insured retention may be satisfied by either the named insured or 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:Vll, unless otherwise acceptable to the City. <br />Claims Made Policies (note — should be applicable only to professional liability, see below) <br />If any of the required policies provide claims -made coverage: <br />The Retroactive Date must be shown, and must be before the date of the <br />contract or thebeginning of contract work. <br />2. Insurance must be maintained and evidence of insurance must be provided <br />for at least five (S) years after completion of the contract of work. <br />3. If coverage is canceled or non -renewed, and not replaced with another <br />claims -made policy form with a Retroactive Date prior to the contract <br />