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AG 2015 03 16
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AG 2015 03 16
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3/17/2015 10:55:01 AM
Creation date
11/27/2017 10:37:15 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/16/2015
Board
Board of Commissioners
Meeting Type
Regular
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(b) SMG shall also maintain Comprehensive Automotive Bodily Injury and <br />Property Damage Insurance for business use covering all vehicles operated by SMG officers, <br />agents and employees in connection with the Facility, whether owned by SMG, the County, or <br />otherwise, with a combined single limit of not less than One Million Dollars ($1,000,000.00) per <br />occurrence (including an extension of hired and non -owned coverage). <br />(c) SMG shall also maintain Umbrella liability insurance from the these limits <br />up to no less than a limit of Five Million Dollars ($5,000,000). SMG shall be the named insured <br />under 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 the par- <br />ties' indemnification liabilities to each other. <br />(d) required of SMG hereunder along with copies of the paid receipts therefor <br />shall be delivered to the Contract Administrator prior to the commencement of this Agreement. <br />Notwithstanding the provisions of this Section 8.2, the parties hereto acknowledge that the above <br />policies 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 stat- <br />ing, "This policy will not be canceled or materially changed or altered without first giving thirty <br />(30) days' written notice thereof to the County of Cabarrus, North Carolina, Attention: <br />ADDRESS, sent by certified mail, return receipt requested." <br />(e) With respect to policies procured by it, SMG shall deliver to the Contract <br />Administrator satisfactory evidence of such renewal of such policies prior to a policy's expira- <br />tion date except for any policy expiring on the termination or expiration date of this Agreement <br />or thereafter. <br />(f) Except as provided in Sections 8.5(b) and 8.6, all insurance procured by <br />SMG in accordance with the requirements of this Agreement shall be primary over any insurance <br />carried by the County and shall not require contribution by the County. <br />8.3 Workers Compensation Insurance <br />SMG shall at all times maintain worker's compensation insurance (including oc- <br />cupational disease hazards) with an authorized insurance company or through the North Carolina <br />State Compensation Insurance Fund or through an authorized self - insurance plan approved by <br />the State of North Carolina insuring its employees at the Facility in amounts equal to or greater <br />than required under law. <br />8.4 Fidelity Insurance <br />SMG shall maintain during the term of this Agreement Fidelity Insurance cover- <br />ing all of SMG's personnel under this Agreement in the amount of Five Hundred Thousand Dol- <br />lars ($500,000.00) for each loss, to reimburse the County for losses experienced due to the dis- <br />honest acts of SMG's employees. <br />pdfconvert. 9450.1. cabarms_agreement_2015. doc <br />23 <br />F -1 <br />Attachment number 1 <br />Page 103 <br />
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