Agenda - 12-05-2005-5l - Laserfiche WebLink

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as respective officers, directors, employees and agents. RFP and the County hereby release each other from and against any and all loss or damage to property arising out of or' incident to any peril required to be insured against herein. The effect of such release is not limited to the amount of insurance actually carried or required to be carried, to the actual proceeds received after a loss or to any deductibles applicable thereto. Each party shall have the insurance company include an endorsement aclmowledging this waiver, if necessary. Either party's failure to carry the required insurance shall not invalidate this waiver. 8.2 Liability Insurance, (a) RFP shall secure and deliver to the Contract Administrator prior to the commencement of the Management Term hereunder and shall keep in force at all times during any period in which RFP has operations at the Facility, a commercial liability occurrence insurance policy, including public liability and property damage, covering the premises and the operations hereunder, in the amount of One Million Dollars ($1,000,000.00) for bodily injury and One Million Dollars ($1,000,000,00) for property damage, including products and completed operations and independent contractors. (b) RFP shall also maintain Comprehensive Automotive Bodily Injury and Property Damage Insurance for business use covering all vehicles operated by RFP officers, agents and employees in connection with the Facility, whether owned by RFP, the County, or otherwise, with a combined single limit of not less than One Million Dollars ($1,000,000.00) per occurrence (including an extension of hired and non-owned coverage). (c) RFP shall also maintain Umbrella liability insurance from these limits up to no less than a limit of Five Million Dollars ($5,000,000). RFP shall be the named insured under all such policies.. The County shall be an additional insured under the foregoing insurance policies, as its interests may appear, and said policies shall contain a provision covering the parties' indemnification liabilities to each other. (d) Certificates of insurance naming County and evidencing all the policies required of RFP hereunder along with copies of the paid receipts therefor shall be delivered to the Contract Administrator prior to the commencement of this Agreement. Notwithstanding the provisions of this Section 8.2, the parties hereto acknowledge that the above policies may contain exclusions from coverage which are reasonable and customary for policies of such type. Each such policy or certificate shall contain a valid provision or endorsement stating, "This policy will not be canceled or materially changed or altered without first giving thirty (.30) days' written notice thereof to Orange County, North Carolina, Attention: [Contract Administrator], P.O. Box 8181, Hillsborough, NC 27278, sent by certified mail, return receipt requested." (e) With respect to policies procured by it, RFP shall deliver to the Contract Administrator satisfactory evidence of such renewal of such policies prior to a policy's expiration date except for any policy expiring on the termination or expiration date of this Agreement or' thereafter. 21