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retention or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. <br />d. 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 />e. Verification of Coverage. Partner shall furnish the City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />applicable policy language effecting coverage requiredby this clause) and a copy of <br />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 Partner's obligation to <br />provide them. The City reserves the right to require complete, certified copies of all <br />required insurance policies, including endorsements required by these <br />specifications, at any time. <br />f. Claims Made Policies. If any of the required policies provide coverage on a <br />claims -made basis: <br />1. The retroactive date must be shown and must be before the date of the <br />contract or the beginning of work. <br />2. Insurance must be maintained and evidence of insurance must be provided <br />for at least three (3) years after completion 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 />effective date, Company must purchase "extended reporting" coverage for <br />a minimum of three (3) years after completion of work. <br />g. Subcontractors <br />Partner shall require and verify that all sub -contractors maintain insurance meeting <br />all the requirements stated herein, and Partner shall ensure that City is an additional <br />insured on insurance required from sub -contractors. <br />h. Special Risks or Circumstances. City reserves the right to modify these <br />requirements, including limits, based on the nature of therisk, prior experience, <br />insurer, coverage, or other special circumstances. <br />7. INDEMNIFICATION <br />To the fullest extent permitted by law, Partner shall indemnify, defend and hold harmless <br />City, its officers, agents and employees (collectively, the "City Indemnified Parties") from and <br />against any and all claims (including, without limitation, claims for bodily injury, death or damage <br />to property), demands, obligations, damages, actions, causes of action, suits, losses, judgments, <br />fines, penalties, liabilities, costs and expenses (including, without limitation, attorney's fees, <br />Page 4 of 9 <br />