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each of Contractor's owned, hired or non -owned vehicles assigned
<br />to or used in performance of the services. The policy shall include
<br />the City of Louisville, its officers and its employees, as additional
<br />insured, with primary coverage as respects the City of Louisville, its
<br />officers and its employees, and shall contain a severability of
<br />interests provision. If the Contractor has no owned automobiles,
<br />the requirements of this paragraph shall be met by each employee
<br />of the Contractor providing services to the City of Louisville under
<br />this Agreement.
<br />7.2 A certificate of insurance shall be completed by the Contractor's insurance
<br />agent(s) as evidence that policies providing the required coverage, conditions
<br />and minimum limits are in full force and effect and shall be subject to review
<br />and approval by the City prior to commencement of any services under this
<br />Agreement.
<br />7.3 The Contractor shall not be relieved of any liability, claims, demands, or other
<br />obligations assumed pursuant to this Agreement by reason of its failure to
<br />procure or maintain insurance, or by reason of its failure to procure or maintain
<br />insurance in sufficient amounts, durations, or types. Failure on the part of the
<br />Contractor to procure or maintain policies providing the required coverages,
<br />conditions, and minimum limits shall constitute a material breach of contract
<br />upon which the City may immediately terminate this Agreement, or at its
<br />discretion may procure or renew any such policy and may pay any and all
<br />premiums in connection therewith, and all monies so paid by the City shall be
<br />repaid by Contractor to the City upon demand, or the City may offset the cost
<br />of the premiums against any monies due to Contractor from the City.
<br />7.3 The parties hereto understand and agree that the City is relying on, and does
<br />not waive or intend to waive by any provision of this Agreement, the monetary
<br />limitations (presently $150,000 per person and $600,000 per occurrence) or
<br />any other rights, immunities, and protection provided by the Colorado
<br />Governmental Immunity Act, 24 -10 -101 et seq., 10 C.R.S., as from time to
<br />time amended, or otherwise available to the City, its officers, or its
<br />employees.
<br />8.0 INDEMNIFICATION
<br />8.1 The Contractor shall bear all risks of Toss, damage, theft or destruction of
<br />materials, equipment or supplies used in the performance of the work herein
<br />that are owned by the Contractor. To the fullest extent permitted by law, the
<br />Contractor agrees to indemnify and hold harmless the City, and its elected
<br />and appointed officers and its employees, from and against all liability, claims,
<br />and demands, on account of any injury, loss, or damage, which arise out of or
<br />are connected with the services hereunder, if such injury, loss, or damage is
<br />caused by the negligent act, omission, or other fault of the Contractor or any
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