Orange County NC Website
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 /> indemifi ncation 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 (3 0) 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 />