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If Contractor is or employs a licensed professional such as an <br />architect or engineer: Professional liability (errors and omissions) <br />insurance, with a combined single limit of not less than $1,000,000 <br />per claim with $2,000,000 in the aggregate. <br />e. The following requirements apply to the insurance to be provided <br />by Contractor pursuant to this section: <br />(i) Contractor shall maintain all insurance required above <br />in full force and effect for the entire period covered by <br />this Agreement. <br />(ii) Certificates of insurance shall be furnished to the City <br />upon execution of this Agreement and shall be <br />approved by the City. <br />(iii) Certificates and policies shall state that the policies <br />shall not be canceled or reduced in coverage or <br />changed in any other material aspect without thirty <br />(30) days prior written notice to the City. <br />If Contractor fails or refuses to produce or maintain the insurance <br />required by this section or fails or refuses to furnish the City with <br />required proof that insurance has been procured and is in force and <br />paid for, the City shall have the right, at the City's election, to <br />forthwith terminate this Agreement. Such termination shall not <br />affect Contractor's right to be paid for its time and materials <br />expended prior to notification of termination. Contractor waives the <br />right to receive compensation and agrees to indemnify the City for <br />any work performed prior to approval of insurance by the City. <br />7. INDEMNIFICATION <br />Contractor agrees to and shall indemnify and hold harmless the City, its <br />officers, agents, employees, Contractors, special counsel, and representatives <br />from liability: (1) for personal injury, damages, just compensation, restitution, <br />judicial or equitable relief arising out of claims for personal injury, including death, <br />and claims for property damage, which may arise from the direct or indirect <br />operations of the Contractor or its contractors, subcontractors, agents, <br />employees, or other persons acting on their behalf which relates to the services <br />described in section 1 of this Agreement; and (2) from any claim that personal <br />injury, damages, just compensation, restitution, judicial or equitable relief is due <br />by reason of the terms of or effects arising from this Agreement. This indemnity <br />and hold harmless agreement applies to all claims for damages, just <br />compensation, restitution, judicial or equitable relief suffered, or alleged to have <br />25C -8 <br />