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Self-Insured Retentions
<br /> Self-insured retentions must be declared to and approved by the City. City may require Contractor to purchase
<br /> coverage with a lower retention or provide proof of ability to pay losses and related investigations,claim
<br /> administration,and defense expenses within the retention.
<br /> Acceptability of Insurers
<br /> Insurance is to be placed with insurers authorized to conduct business in the state of California with a current
<br /> A.M. Best rating of no less than A:VII,unless otherwise acceptable to City.
<br /> Verification of Coverage
<br /> Permittee shall furnish City with original Certificates of Insurance including all required amendatory
<br /> endorsements(or copies of the applicable policy language effecting coverage required by this clause) and a
<br /> copy of the Declarations and Endorsement Page of the CGL policy listing all policy endorsements to Entity
<br /> before work begins. However,failure to obtain the required documents prior to the work beginning shall not
<br /> waive Permittee's obligation to provide them. City reserves the right to require complete, certified copies of
<br /> all required insurance policies,including endorsements required by these specifications,at any time.
<br /> Claims Made Policies
<br /> If any of the required policies provide coverage on a claims-made basis:
<br /> 1.The retroactive date must be shown and must be before the date of the contract or the beginning of work.
<br /> 2. Insurance must be maintained and evidence of insurance must be provided for at least three(3)years after
<br /> completion of work.
<br /> 3.If coverage is canceled or non-renewed,and not replaced with another claims-made policy form with a
<br /> retroactive date prior to the contract effective date, Company must purchase"extended reporting"coverage
<br /> for a minimum of three(3)years after completion of work.
<br /> Subcontractors
<br /> Contractor shall require and verify that all sub-contractors maintain insurance meeting all the
<br /> requirements stated herein, and Contractor shall ensure that City is an additional insured on
<br /> insurance required from sub-contractors.
<br /> Special Risks or Circumstances
<br /> City reserves the right to modify these requirements,including limits,based on the nature of the risk,prior
<br /> experience,insurer, coverage,or other special circumstances.
<br /> 8. INDEMNIFICATION
<br /> Contractor agrees to defend, and shall indemnify and hold harmless the City, its officers, agents,
<br /> employees, contractors, special counsel, and representatives from liability: (1) for personal injury,
<br /> damages, just compensation, restitution, judicial or equitable relief arising out of claims for personal
<br /> injury, including death, and claims for property damage, which may arise from the negligent operations
<br /> of the Contractor,its subcontractors,agents, employees,or other persons acting on its behalf which relates
<br /> to the services described in section 1 of this Agreement; and (2) from any claim that personal injury,
<br /> damages, just compensation, restitution,judicial or equitable relief is due by reason of the terms of or
<br /> effects arising from this Agreement.This indemnity and hold harmless agreement applies to all claims for
<br /> damages, just compensation, restitution, judicial or equitable relief suffered, or alleged to have been
<br /> suffered,by reason of the events referred to in this Section or by reason of the terms of, or effects, arising
<br /> from this Agreement. The Contractor further agrees to indemnify,hold harmless, and pay all costs for the
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