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Docusign Envelope ID : CO3CBB42-6385-4265 -A237- IBAD6C002EB8 <br /> required to be insured against herein . The effect of such release is not limited to the <br /> amount of insurance actually carried or required to be carried , to the actual proceeds <br /> received after a loss or to any deductibles applicable thereto . Each party shall have the <br /> insurance company include an endorsement acknowledging this waiver , if necessary . <br /> Either party' s failure to carry the required insurance shall not invalidate this waiver . <br /> 7 . 2 Liability Insurance . <br /> ( a ) The policy limits shown below are minimums . If PFPC maintains broader coverage or <br /> higher limits than the minimums shown herein , the County shall be entitled to the broader <br /> coverage and higher limits maintained by PFPC . Any available insurance proceeds in <br /> excess of the specified minimum limits of insurance and coverage shall be available to <br /> the County . <br /> ( b ) 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 <br /> period in which PFPC has operations at the Facility , a commercial liability occurrence <br /> insurance policy , including public liability and property damage , covering the premises <br /> and the operations hereunder , in the amount of One Million Dollars ( $ 1 , 000 , 000 . 00 ) for <br /> bodily injury and One Million Dollars ($ 1 , 000 , 000 . 00 ) for property damage , including <br /> products and completed operations and independent contractors . <br /> ( c) PFPC shall also maintain Property Damage Insurance with a single limit of not less <br /> than One Million Dollars ($ 1 , 000 , 000 . 00 ) per occurrence . <br /> ( d ) PFPC shall also maintain Umbrella liability insurance from these limits up to no less <br /> than a limit of Five Million Dollars ($ 5 , 000 , 000 ) . PFPC shall be the named insured under <br /> all such policies . The County shall be an additional insured under the foregoing insurance <br /> policies , as its interests may appear , and said policies shall contain a provision covering <br /> the parties ' indemnification liabilities to each other . <br /> ( e ) Certificates of insurance naming County and evidencing all the policies required of <br /> 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 <br /> the provisions of this Section 7 . 2 , the parties hereto acknowledge that the above policies <br /> may contain exclusions from coverage which are reasonable and customary for policies <br /> of such type . Each such policy or certificate shall contain a valid provision or endorsement <br /> stating , "This policy will not be canceled or materially changed or altered without first <br /> giving thirty ( 30 ) days ' written notice thereof to Orange County , North Carolina , Attention : <br /> Orange County Risk Manager , P . O . Box 8181 , Hillsborough , NC 27278 , sent by certified <br /> mail , return receipt requested . " <br /> (f) The additionally insured endorsement shall further provide the County , its officers , <br /> officials , employees , and agents are to be covered as additional insureds on the <br /> commercial general liability policy with respect to liability arising out of work or operations <br /> performed by or on behalf of PFPC including materials , parts , or equipment furnished in <br /> 11 <br />