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against liability for Workers' Compensation or to undertake self-insurance.
<br />Prior to commencing the performance of the work under this contract,
<br />contractor agrees to obtain and maintain any employer's liability
<br />insurance with limits not less than One Million Dollars ($1,000,000) per
<br />accident.
<br />4. If contractor is or employs a licensed professional such as an architect or
<br />engineer: Professional liability (errors and omissions) insurance, with a
<br />combined single limit of not less than One Million Dollars ($1,000,000) per
<br />claim.
<br />5. The following requirements apply to the insurance to be provided by
<br />contractor pursuant to this section:
<br />Contractor shall maintain all insurance required above in full force
<br />and effect for the entire period covered by this agreement.
<br />Certificates of insurance shall be furnished to the City upon
<br />execution of this contract and shall be approved in form by the
<br />City Attorney.
<br />C. Certificates and policies shall state that the policies shall not be
<br />canceled or reduced in coverage or changed in any other material
<br />aspect without thirty (30) days prior written notice to the City.
<br />If contractor fails or refuses to produce or maintain the insurance required
<br />by this section or fails or refuses to furnish the City with required proof
<br />that insurance has been procured and is in force and paid for, the City
<br />shall have the right, at the City's election, to forthwith terminate this
<br />contract. Such termination shall not affect contractor's right to be paid for
<br />its time and materials expended prior to notification of termination.
<br />Contractor waives the right to receive compensation and agrees to
<br />indemnify the City for any work performed prior to approval of insurance
<br />by the City.
<br />HOLD HARMLESS/ INDEMNIFICATION
<br />To the fullest extent permitted by law, contractor shall indemnify, defend and hold
<br />harmless City, its officers, agents and employees (collectively, the "indemnified
<br />parties") from and against any and all claims (including, without limitation, claims
<br />for bodily injury, death or damage to property), demands, obligations, damages,
<br />actions, causes of action, suits, losses, judgments, fines, penalties, liabilities,
<br />costs and expenses (including, without limitation, attorney's fees, disbursements
<br />and court costs) of every kind and nature whatsoever (individually, a claim;
<br />collectively, "claims"), which may arise from or in any manner related (directly or
<br />indirectly) to any work performed or services provided under this contract
<br />(including, without limitation, defects in workmanship and/or materials) or
<br />contractor's presence or activities conducted performing the work (including the
<br />negligent and/or willful acts, errors and/or omissions of contractor, its principals,
<br />officers, agents, employees, vendors, suppliers, contractors, subcontractors,
<br />anyone employed directly or indirectly by any of them or for whose acts they may
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