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insurance maintained by the City shall be excess of the Company's insurance and shall not <br /> contribute with it. <br /> (3) Company's insurance shall apply separately to each insured against whom a claim is made or <br /> lawsuit is brought,except with respect to the limits of the insurer's liability. <br /> Acceptability of Insurers <br /> Insurance is to be placed with insurers with a current A.M. Best rating of no less than A minus: VII, <br /> unless otherwise acceptable to the City. <br /> Waivers of Subrogation <br /> Company agrees to waive rights of subrogation which any insurer of Company may acquire from <br /> Company by virtue of the payment of any loss. Company agrees to obtain any endorsement that may <br /> be necessary to affect this waiver of subrogation. The Workers' Compensation policy shall include <br /> a waiver of subrogation in favor of the City for all work performed by the Company, its employees, <br /> agents and subcontractors. <br /> Verification of Coverage <br /> The Company shall furnish the City with certificates of insurance (ACORD Form or its substantial <br /> equivalent) and additional insured status (blanket additional insured endorsement acceptable, ISO <br /> Form or its equivalent)effecting coverage required by this Agreement. The certificates shall be signed <br /> by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements <br /> are to be received and approved by the City before work commences. The Company hereby warrants <br /> that its insurance policies satisfy the requirements of this Agreement. <br /> Contractors and Subcontractors <br /> Company shall require and verify that all contractors and subcontractors maintain insurance meeting <br /> all the requirements stated herein, and Company shall ensure that City is an additional insured on <br /> insurance required from contractors and subcontractors. <br /> Special Risks or Circumstances <br /> City reserves the right to modify these requirements, including limits, based on the nature of the risk, <br /> prior experience, insurer,coverage, or other circumstances. <br /> New Cingular Wireless PCS,LLC 44 <br />