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Notice of Cancellation: Each insurance policy required above shall provide that coverage <br />shall not be canceled, except with notice to the City. <br />Waiver of Subrogation: Contractor hereby grants to City a waiver of any right to <br />subrogation which any insurer of said Contractor may acquire against the City by virtue of the <br />payment of any loss under such insurance. Contractor agrees to obtain any endorsement that may <br />be necessary to affect this waiverof subrogation, but this provision applies regardless of whether <br />or not the City has received a waiver of subrogation endorsement from the insurer. <br />Self -Insured Retentions: Self -insured retentions must be declared to and approved by the <br />City. The City may require theContractor to purchase coverage with a lower retention or provide <br />proof of ability to 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 the self - <br />insured retention may be satisfied by either the named insured or City. <br />Acceptability of Insurers: Insurance is to be placed with insurers authorized to conduct <br />business in the state with a current A.M. Best's rating of no less than AXH, unless otherwise <br />acceptable to the City. <br />Verification of Coverage: Contractor shall furnish the City with original Certificates of <br />Insurance including all required amendatory endorsements (or copies of the applicable policy <br />language 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 work begins. <br />However, failure to obtain the required documents prior to the work beginning shall not waive the <br />Contractor's obligation to provide them. The City reserves the right to require complete, certified <br />copies of all required insurance policies,including endorsements required by these specifications, <br />at any time. <br />Subcontractors: Contractor shall require and verify that all subcontractors maintain <br />insurance meeting all the requirements stated herein, and Contractor shall ensure that City is an <br />additional insured on insurance required from subcontractors. <br />Special Risks or Circumstances: City reserves the right to modify these requirements, <br />including limits, based on the nature of therisk, prior experience, insurer, coverage, or other special <br />circumstances. <br />8. INDEMNIFICATION <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 negligent <br />operations of the Contractor or its subcontractors, agents, employees, or other persons acting on their <br />behalf which relates to the services described in section 1 of this Agreement; and (2) from any claim <br />that personal injury, damages, just compensation, restitution, judicial or equitable relief is due by <br />reason of the terms of or effects arising from this Agreement. This indemnity and hold harmless <br />agreement applies to all claims for damages, just compensation, restitution, judicial or equitable relief <br />Page 4 of 9 <br />