3. Evidence of Insurance
All Coverages — Prior to commencing work, Seller shall provide the City of
Nashua with a certificate of insurance evidencing coverage, and upon
request, acertified | duplicate original of the policy. The certificate shall also
show that the Contractor’s _ policy(ies) will not be cancelled or coverage altered
without 30 days prior written notice to the City of Nashua.
4. General Provisions
Notice of Cancellation — The policies shall provide that the Contractor’s
policies will not be cancelled or have limits reduced or coverage altered
without 30 days prior written notice to the City of Nashua.
Acceptable Insurers — All policies will be issued by insurers with a Best’s
Rating of A- 10 or better.
Self-Insurance — Upon evidence of financial capacity satisfactory to the City
of Nashua and Contractor’s agreement to waive subrogation against the City of
Nashua respecting any and all claims that may arise, Contractor’s obligation
hereunder may be satisfied in whole or in part by adequately funded self-
insurance.
Failure to Maintain Insurance — All insurance specified above shall remain
in force until all work to be performed is satisfactorily completed and the work
has been formally accepted. The failure to procure or maintain required
insurance and/or an adequately funded self-insurance program will constitute
a material breach in of this Contract.
Occurrence Coverage — Insurance shall be provided on an occurrence basis
and not a claim-made basis.
Deductibles and Retentions — Seller shall be responsible for payment of any
deductible or retention on Contractor’s policies without right of contribution
from the City of Nashua.
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