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interests provision. The Consultant shall be solely responsible for any deductible losses
<br />under each of the policies required above.
<br />7.3 Certificates of insurance shall be provided by the Consultant as evidence that policies
<br />providing the required coverages, conditions, and minimum limits are in full force and
<br />effect, and shall be subject to review and approval by the LRC. No required coverage shall
<br />be cancelled, terminated or materially changed until at least 30 days' prior written notice
<br />has been given to the LRC. The LRC reserves the right to request and receive a certified
<br />copy of any policy and any endorsement thereto.
<br />7.4 Failure on the part of the Consultant to procure or maintain policies providing the required
<br />coverages, conditions, and minimum limits shall constitute a material breach of contract
<br />upon which the LRC may immediately terminate this Agreement, or at its discretion may
<br />procure or renew any such policy or any extended reporting period thereto and may pay
<br />any and all premiums in connection therewith, and all monies so paid by the LRC shall be
<br />repaid by Consultant to the LRC upon demand, or the LRC may offset the cost of the
<br />premiums against any monies due to Consultant from the LRC.
<br />7.5 The parties understand and agree that the LRC is a public entity and is relying on, and does
<br />not waive or intend to waive by any provision of this Agreement, the monetary limitations
<br />or any other rights, immunities, and protections provided by the Colorado Governmental
<br />Immunity Act, § 24-10-101 et seq., C.R.S., as from time to time amended, or otherwise
<br />available to the LRC, its officers, or its employees.
<br />8.0 INDEMNIFICATION
<br />To the fullest extent permitted by law, the Consultant agrees to indemnify and hold harmless the
<br />LRC, and its elected and appointed officers and its employees, from and against all liability,
<br />claims, and demands, on account of any injury, loss, or damage, which arise out of or are connected
<br />with the services hereunder, if and to the extent such injury, loss, or damage is caused by the
<br />negligent act, omission, or other fault of the Consultant or any subcontractor of the Consultant, or
<br />any officer, employee, or agent of the Consultant or any subcontractor, or any other person for
<br />whom Consultant is responsible. The Consultant shall investigate, handle, respond to, and provide
<br />defense for and defend against any such liability, claims, and demands. The Consultant shall
<br />further bear all other costs and expenses incurred by the LRC or Consultant and related to any such
<br />liability, claims and demands, including but not limited to court costs, expert witness fees and
<br />attorneys' fees if the court determines that these incurred costs and expenses are related to such
<br />negligent acts, errors, and omissions or other fault of the Consultant. The LRC shall be entitled to
<br />its costs and attorneys' fees incurred in any action to enforce the provisions of this Section 8.0.
<br />The Consultant's indemnification obligation shall not be construed to extend to any injury, loss,
<br />or damage which is caused by the act, omission, or other fault of the LRC.
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