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date of any policy of insurance that is cancelled by the insurance company <br />for nonpayment of premium or by CONTRACTOR for any reason. <br />C. All insurance shall be purchased from an insurance company that meets a financial <br />rating of A- or better as assigned by A.M. Best Company or equivalent. <br />D. The CONTRACTOR shall notify CITY in writing at least thirty (30) days prior to <br />CONTRACTOR cancelling or making any material change to any coverage(s) provided <br />in, or through, the insurance policies required under this Section VIII. Failure by <br />CONTRACTOR to provide CITY the notice required hereunder may, in the sole <br />discretion of CITY, be deemed a material breach of this Agreement. <br />E. The CONTRACTOR shall require all subcontractors to maintain during the term <br />of this agreement, Commercial General Liability insurance, Business Automobile <br />Liability insurance, and Workers' Compensation and Employer's Liability insurance, in <br />the same manner as specified for the CONTRACTOR. The CONTRACTOR shall furnish <br />subcontractors' certificates of insurance to the City immediately upon request. <br />F. No acceptance and/or approval of any insurance by the City shall be construed as <br />relieving or excusing the CONTRACTOR, or the surety, or its bond, from any liability <br />or obligation imposed upon either or both of them by the provisions of the Contract <br />Documents. <br />G. The CONTRACTOR shall be responsible for the work performed under the <br />contract and every part thereof, and for all materials, tools, equipment, appliances, and <br />property of any and all descriptions used in connection with the work. The <br />CONTRACTOR assumes all risks for direct and indirect damage or injury to the property <br />or persons used or employed on or in connection with the work contracted for, and of all <br />damage or injury to any person or property wherever located, resulting from any action, <br />omission, commission or operation under the Contract, or in connection in any way <br />whatsoever with the contracted work, until final acceptance of the work by the City. <br />H. Insurance coverage required in these specifications shall be in force throughout <br />the Contract Term. Should the CONTRACTOR fail to provide acceptable evidence of <br />current insurance within seven (7) days of written notice at any time during the Contract <br />Term, the City shall have the absolute right to terminate the Contract without any further <br />obligation to the CONTRACTOR, and the CONTRACTOR shall be liable to the City for <br />the entire additional cost of procuring performance and the cost of performing the <br />incomplete portion of the Contract at time of termination. <br />I. Nothing contained in this agreement shall be construed as creating any contractual <br />relationship between any subcontractor and the City. The CONTRACTOR shall be as <br />fully responsible to the City for the acts and omissions of the subcontractors and of <br />persons employed by them as it is for acts and omissions of persons directly employed <br />by it. <br />J. Precaution shall be exercised by the CONTRACTOR at all times for the protection <br />of persons, (including employees) and property. All existing structures, utilities, roads, <br />