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SERIAL 16154-RFP <br /> <br /> <br />completed and formally accepted. Failure to do so may, at the sole discretion of County, <br />constitute a material breach of this Contract. <br /> <br />6.2.3 Contractor’s insurance shall be primary insurance as respects County, and any insurance <br />or self-insurance maintained by County shall not contribute to it. <br /> <br />6.2.4 Any failure to comply with the claim reporting provisions of the insurance policies or any <br />breach of an insurance policy warranty shall not affect the County’s right to coverage <br />afforded under the insurance policies. <br /> <br />6.2.5 The insurance policies may provide coverage that contains deductibles or self-insured <br />retentions. Such deductible and/or self-insured retentions shall not be applicable with <br />respect to the coverage provided to County under such policies. Contractor shall be <br />solely responsible for the deductible and/or self-insured retention and County, at its <br />option, may require Contractor to secure payment of such deductibles or self-insured <br />retentions by a surety bond or an irrevocable and unconditional letter of credit. <br /> <br />6.2.6 Notwithstanding anything to the contrary contained herein, CONTRACTOR shall have <br />the right to self-insure part or all of any of the insurance it is required to maintain <br />hereunder in its sole discretion so long as CONTRACTOR maintains a net worth of not <br />less than One Hundred Million ($100,000,000) Dollars. Such net worth shall be <br />documented to COUNTY and COUNTY shall be advised in writing in the event such <br />net worth requirement is not met. In the event that CONTRACTOR elects to self-insure <br />all or any part of any risk that would be insured under the policies and limits described <br />herein, and an event occurs where insurance proceeds would have been available but for <br />the election to self-insure, CONTRACTOR shall make funds available to the same <br />extent that they would have been available had such insurance policy been carried, unless <br />specifically provided to the contrary herein. <br /> <br />6.2.7 The policies required hereunder, except Workers’ Compensation and Errors and <br />Omissions, shall contain a waiver of transfer of rights of recovery (subrogation) against <br />County, its agents, representatives, officers, directors, officials and employees for any <br />claims arising out of Contractor’s work or service. <br /> <br />6.2.8 Commercial General Liability. <br /> <br />Commercial General Liability insurance and, if necessary, Commercial Umbrella <br />insurance with a limit of not less than $2,000,000 for each occurrence, $4,000,000 <br />Products/Completed Operations Aggregate, and $4,000,000 General Aggregate Limit. <br />The policy shall include coverage for premises liability, bodily injury, broad form <br />property damage, personal injury, products and completed operations and blanket <br />contractual coverage, and shall not contain any provisions which would serve to limit <br />third party action over claims. There shall be no endorsement or modifications of the <br />CGL limiting the scope of coverage for liability arising from explosion, collapse, or <br />underground property damage. <br /> <br />6.2.9 Automobile Liability. <br /> <br />Commercial/Business Automobile Liability insurance and, if necessary, Commercial <br />Umbrella insurance with a combined single limit for bodily injury and property damage <br />of not less than $1,000,000 each occurrence with respect to any of the Contractor’s <br />owned, hired, and non-owned vehicles assigned to or used in performance of the <br />Contractor’s work or services or use or maintenance of the Premises under this Contract. <br /> <br />6.2.10 Workers’ Compensation. <br /> <br />Workers’ Compensation insurance to cover obligations imposed by federal and state <br />statutes having jurisdiction of Contractor’s employees engaged in the performance of the <br />work or services under this Contract; and Employer’s Liability insurance of not less than