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12 <br /> waiver, if necessary. Either party's failure to carry the required insurance shall not invalidate this <br /> waiver. <br /> 7.2 Liability Insurance. <br /> (a) PFPC shall secure and deliver to the Contract Administrator prior to the <br /> commencement of the Management Term and shall keep in force at all times during any period <br /> in which PFPC has operations at the Facility, a commercial liability occurrence insurance policy, <br /> including public liability and property damage, covering the premises and the operations <br /> hereunder, in the amount of One Million Dollars ($1,000,000.00) for bodily injury and One <br /> Million Dollars ($1,000,000.00) for property damage, including products and completed <br /> operations and independent contractors. <br /> (b) PFPC shall also maintain Property Damage Insurance with a single limit of not <br /> less than One Million Dollars ($1,000,000.00)per occurrence. <br /> (c) PFPC shall also maintain Umbrella liability insurance from these limits up to no <br /> less than a limit of Five Million Dollars ($5,000,000). PFPC shall be the named insured under all <br /> such policies. The County shall be an additional insured under the foregoing insurance policies, <br /> as its interests may appear, and said policies shall contain a provision covering the parties' <br /> indemnification liabilities to each other. <br /> (d) Certificates of insurance naming County and evidencing all the policies required <br /> of PFPC hereunder along with copies of the paid receipts therefor shall be delivered to the <br /> Contract Administrator prior to the commencement of this Agreement. Notwithstanding the <br /> provisions of this Section 7.2, the parties hereto acknowledge that the above policies may contain <br /> exclusions from coverage which are reasonable and customary for policies of such type. Each <br /> such policy or certificate shall contain a valid provision or endorsement stating, "This policy will <br /> not be canceled or materially changed or altered without first giving thirty (30) days' written <br /> notice thereof to Orange County,North Carolina, Attention: [Contract Administrator], P.O. Box <br /> 8181, Hillsborough,NC 27278, sent by certified mail, return receipt requested." <br /> (e) With respect to policies procured by it, PFPC shall deliver to the Contract <br /> Administrator satisfactory evidence of such renewal of such policies prior to a policy's expiration <br /> date except for any policy expiring on the termination or expiration date of this Agreement or <br /> thereafter. <br /> (f) Except as provided in Sections 7.5 and 7.6, all insurance procured by PFPC in <br /> accordance with the requirements of this Agreement shall be primary over any insurance carried <br /> by the County and shall not require contribution by the County. <br /> 7.3 Worker's Compensation Insurance. <br /> 10 <br />