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persons in any one occurrence, and auto property damage insurance of at <br />least FIFTY THOUSAND DOLLARS ($50,000) per occurrence, with respect <br />to each of Contractor's owned, hired or non -owned vehicles assigned to or <br />used in performance of the services. The policy shall contain a severability <br />of interests provision. If the Contractor has no owned automobiles, the <br />requirements of this paragraph shall be met by each employee of the <br />Contractor providing services to the City of Louisville under this Agreement. <br />7.2 The Contractor's general liability insurance and automobile liability and physical <br />damage insurance shall be endorsed to include the City, and its elected and <br />appointed officers and employees, as additional insureds, unless the City in its <br />sole discretion waives such requirement. Every policy required above shall be <br />primary insurance, and any insurance carried by the City, its officers, or its <br />employees, shall be excess and not contributory insurance to that provided by <br />the Contractor. Such policies shall contain a severability of interests provision. <br />The Contractor shall be solely responsible for any deductible losses under each <br />of the policies required above. <br />7.3 Certificates of insurance shall be provided by the Contractor as evidence that <br />policies providing the required coverages, conditions, and minimum limits are in <br />full force and effect, and shall be subject to review and approval by the City. No <br />required coverage shall be cancelled, terminated or materially changed until at <br />least 30 days' prior written notice has been given to the City. The City reserves <br />the right to request and receive a certified copy of any policy and any <br />endorsement thereto. <br />7.4 Failure on the part of the Contractor to procure or maintain policies providing the <br />required coverages, conditions, and minimum limits shall constitute a material <br />breach of contract upon which the City may immediately terminate this <br />Agreement, or at its discretion may procure or renew any such policy or any <br />extended reporting period thereto and may pay any and all premiums in <br />connection therewith, and all monies so paid by the City shall be repaid by <br />Contractor to the City upon demand, or the City may offset the cost of the <br />premiums against any monies due to Contractor from the City. <br />7.5 The parties understand and agree that the City is relying on, and does not waive <br />or intend to waive by any provision of this Agreement, the monetary limitations or <br />any other rights, immunities, and protections provided by the Colorado <br />Governmental Immunity Act, § 24-10-101 et seq., C.R.S., as from time to time <br />amended, or otherwise available to the City, its officers, or its employees. <br />.0 INDEMNIFICATION <br />To the fullest extent permitted by law, the Contractor agrees to indemnify and hold <br />harmless the City, and its elected and appointed officers and its employees, from and <br />against all liability, claims, and demands, on account of any injury, loss, or damage, <br />4 <br />