5.1 The CONTRACTOR shall procure from insurers and maintain at CONTRACTOR’s own expense insurance of the type and with the minimum limits set forth in Exhibit 4 attached hereto.
5.2 The CONTRACTOR shall obtain waivers of subrogation from its insurers in favor of HMC and its parent, affiliate and subsidiary companies, coventurers, and directors, employees and agents of such companies, under all policies of insurance, including (without limitation) those referred in Exhibit 4, maintained by or for the benefit of the CONTRACTOR. The CONTRACTOR waives its rights to recover against HMC in subrogation or as subrogee for another party.
5.3 The insurance coverages mentioned in Exhibit 4 are set forth in full in the respective policy forms and the descriptions of such policies are not intended to be complete or to restrict such coverages in any manner. Insurance required by this Agreement shall be primary to and shall not contribute with any insurance carried by HMC. CONTRACTOR’s obligations under this Agreement shall not be limited by the insurance coverage maintained by or for the benefit of CONTRACTOR. HMC’s rights to insurance coverage under policies issued to or for the benefit of HMC shall not be limited by this Agreement.
5.4 Prior to the commencement of the WORK, and at renewal or replacement of any policy of insurance required hereunder, the CONTRACTOR shall furnish HMC certificates of insurance making reference to the WORK and indicating (a) the types and amounts of insurance required under this Agreement, (b) the names of the insurance companies providing said coverage, (c) the effective and expiration dates of said policies, (d) that thirty (30) days’ advance written notice will be given to HMC of any material change in or cancellation of any of said policies, (e) that HMC and its parent, affiliate and subsidiary companies, coventurers, and directors, employees and agents of such companies are additional insureds and (f) that the insurers waive their rights of subrogation.