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(Triangle Bikeworks) <br />Orange County Outside Agency Performance AgreementPage 3of 10 <br />Rev. 7/17 <br />c.Notwithstanding the foregoing, either party may terminate the agreement at any time <br />without penalty; provided that written notice of such termination is furnished to the other <br />party at least 30 days prior to termination.In the event of such termination, any payment <br />due shall be prorated to the date of terminationand any unusedfunds shall be returned to <br />the County within 10 days of termination. <br />d.Any termination of this Agreement for defaultunder this section that is later deemed to be <br />unjustified shall be deemed a termination for convenience. <br />6.Insurance. <br />a.General Requirements. The Provider shall purchase and maintain, during the period of <br />performance of this Agreement, insurance: <br />i.Worker’s Compensation. For protection from claims under workers' or workmen's <br />compensation acts; <br />ii.Comprehensive General Liability Insurance covering claims arising out of or <br />relating to bodily injury, including bodily injury, sickness, disease or death of any <br />of the Consultant's employees or any other person and to real and personal property <br />including loss of use resulting thereof; <br />iii.Comprehensive Automobile Liability Insurance, including hired and non-owned <br />vehicles, if any, covering personal injury or death, and property damage; and <br />iv.Professional Liability Insurance, covering personal injury, bodily injury and <br />property damage and claims arisingout of or related to the performance under this <br />Agreement by the Consultant or his agents, consultants and employees. <br />b.Limits of Coverage: Minimum limits of insurance coverage shall be as follows: <br />INSURANCE DESCRIPTIONMINIMUM REQUIRED COVERAGE <br />x Worker's Compensation Limits for Coverage A -Statutory State <br />NC & Coverage B -Employers Liability <br />$500,000 each accident, disease policy limit and <br />disease each employee <br />x Commercial General $1,000,000 Each Occurrence <br />Liability$2,000,000 Aggregate <br />x Automobile Liability$500,000 Combined Single Limit <br />x Professional Liability$1,000,000 Each Occurrence <br />$2,000,000 Aggregate <br />c.All insurance policies (with the exception of Worker's Compensation and Professional <br />Liability) required under this Agreement shall name the County as an additional insured <br />party and as a certificate holder. Evidence of such insurance and all correspondence shall <br />be sent to: <br />Orange County Risk Manager <br />Post Office Box 8181 <br />Hillsborough, NC 27278 <br />d.Nothing in this sectionis intended to affect or abrogate the County’s sovereign immunity <br />defenses. <br />DocuSign Envelope ID: 0D59222E-5A4E-4094-9D22-7F342E2FD1A3