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b. Self -Insured Retentions. Self -insured retentions must be declared to and approved by <br />City. At the option of City, Contractor shall cause its insurer(s) to reduce or eliminate <br />such self -insured retentions as respects City, its City Council, officers, officials, <br />employees, agents and volunteers; or Contractor shall provide a financial guarantee <br />satisfactory to City guaranteeing payment of losses and related investigations, claim <br />administration, and defense expenses. <br />c. Other Insurance Provisions <br />The above required insurance policies are to contain or be endorsed to contain the <br />following provisions: <br />(1) Additional Insured Status. The City, its officers, officials, employees, and <br />volunteers are to be covered as additional insureds on the CGL, AL, and SAML <br />policies with respect to liability arising out of work or operations performed by <br />or on behalf of the Contractor including materials, parts, or equipment furnished <br />in connectionwith such work or operations. <br />(2) Waiver of Subrogation. Contractor's insurance company(ies) agree(s) to <br />waive all rights of subrogation against City, its City Council, its officers, <br />officials, employees, agents, and volunteers for losses paid under the terms of <br />any policy which may arise from work performed by Contractor under this <br />Agreement. This provision applies regardless of whether or not the City has <br />received a waiver of subrogation endorsement from the insurer. <br />(3) Primary Coverage. For any claims related to this contract, the Contractor's <br />insurance coverage shall be primary and any insurance or self-insurance <br />maintained by City, its City Council, its officers, officials, employees, or <br />volunteers shall be excess of the Contractor's insurance and shall not contribute <br />with it. <br />(4) Severability of Interest (Cross -Liability). A severability of interest provision <br />must apply for all the additional insureds, ensuring that Contractor's insurance <br />shall apply separately to each insured against whom a claim is made or suit is <br />brought, except with respect to the insurer's limits of liability. <br />(5) Notice of Cancellation. Insurance policy(ies) herein shall provide that <br />coverage shall not be canceled, suspended, voided, reduced in coverage or in <br />limits, non -renewed by the carrier, or materially changed except after thirty (30) <br />days prior written notice has been given to City. Ten (10) days prior written <br />notice shall be provided to City for policy cancellation or non -renewal due to <br />non-payment. <br />Page 4 of 10 <br />#19793v7 <br />