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(4) Waiver of Subrogation. Contractor hereby grants to City a waiver of any right <br /> to subrogation that any insurer of said Contractor may acquire against the City <br /> by virtue of the payment of any loss under such insurance. Contractor agrees <br /> to obtain any endorsement that may be necessary to affect this waiver of <br /> subrogation, but this provision applies regardless of whether or not the City has <br /> received a waiver of subrogation endorsement from the insurer. <br /> (5) Self-Insured Retentions. Self-insured retentions must be declared to and <br /> approved by the City. The policy language shall provide, or be endorsed to <br /> provide, that the self-insured retention may be satisfied by either the named <br /> insured or City. <br /> (6) Acceptability of Insurers. Insurance is to be placed with insurers authorized <br /> to conduct business in the state with a current A.M. Best's rating of no less <br /> than A:VII, unless otherwise acceptable to the City. <br /> (7) Verification of Coverage. Contractor shall furnish the City with original <br /> Certificates of Insurance including all required amendatory endorsements (or <br /> copies of the applicable policy language effecting coverage required by this <br /> clause)and a copy of the Declarations and Endorsement Page of the CGL policy <br /> listing allpolicy endorsements to City before work begins. However, failure to <br /> obtain the required documents prior to the work beginning shall not waive the <br /> Contractor's obligation to provide them. <br /> The City reserves the right to require complete, certified copies of all required <br /> insurance policies,including endorsements required by these specifications, at <br /> any time. <br /> (8) Subcontractors. Contractor shall require and verify that all subcontractors <br /> maintain insurance meeting all the requirements stated herein, and Contractor <br /> shall ensure that City is an additional insured on insurance required from <br /> subcontractors. <br /> (9) 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 /> 9. 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: (I) 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 <br /> negligent operations of the Contractor or its subcontractors, agents, employees, or other persons <br /> acting on their behalf which relates to the services described in section 1 of this Agreement; and <br /> (2) from any claim that personal injury, damages, just compensation, restitution, judicial or <br /> Page 5of10 <br />