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AG 2006 07 10
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AG 2006 07 10
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Last modified
7/12/2006 12:43:45 PM
Creation date
11/27/2017 11:33:30 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/10/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />Workers' Compensation $100,000 each accident, $500,000 bodily injury by <br />disease, $500,000 bodily injury by disease policy limit; <br />and <br /> <br />General Liability $500,000 per occurrence; and <br /> <br />Automobile Liability $500,000 per occurrence; and <br /> <br />Umbrella $1,000,000 per occurrence. <br /> <br />EDC shall provide the County with a Certificate of Insurance for review prior to the <br />issuance of any contract or Purchase Order. All Certificates of Insurance will require <br />thirty-days (30 days) written notice by the insurer or EDC's agent in the event of <br />cancellation, reduction or other modifications of coverage. In addition to the notice <br />requirement above, EDC shall provide the County with immediate written notice of <br />cancellation, reduction, or other modification of coverage of insurance. Upon failure of <br />the EDC to provide such notice, EDC assumes sole responsibility for all loses incurred <br />by the County for which insurance would have provided coverage. The insurance <br />certificate shall be for the initial contract period of one (1) year and shall be renewed by <br />the EDC for each subsequent renewal period of the contract. <br />The County shall be named as an additional insured and it is required that <br />coverage be placed with "A" rated insurance companies acceptable to the County. <br />Statement should read, "Cabarrus County is to be added as an additional insured as <br />evidenced by an endorsement attached to this certificate." Failure to maintain the <br />required insurance in force may be cause for contract termination. In the event that the <br />EDC fails to maintain and keep in force the insurance herein required, the County has <br />the right to cancel and terminate the contract without notice. <br /> <br />E. Indemnification. The EDC shall, to the fullest extent permitted by law, indemnify, <br />defend, and hold harmless the County from and against any and all claims, liabilities, <br />losses, damages, costs, or expenses, including, without limitation, reasonable attorney's <br />fees, awards, fines, or judgments arising out of, or relating to any or all of the following: <br /> <br />1. Inaccurate information or information known to the EDC relating to <br />the Services provided to the County by the EDC and any and all actions, advice, <br />decisions or judgments made or recommended to be made by the County in full <br />or partial reliance thereon. <br />2. Damages to persons, personal property, or the County caused by <br />an act or omission of the EDC. <br />3. All claims, suits, losses, injuries, death, and property liability, <br />including, without limitation, expenses in connection with any such claim or suit, <br />including reasonable attorney's fees, occurring in the performance of the <br />proposed services. <br /> <br />7 <br />F-I \ <br />
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