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This document includes salient or non-standard provisions extracted from NASPO/ValuePoint Model <br />Contract for Cloud Services. <br />February 17, 2016. <br />Purchase Order) or (ii) two million dollars ($2,000,000), whichever is greater. <br />ii. The Purchasing Entity may retain such monies from any amount due <br />Contractor as may be necessary to satisfy any claim for damages, costs and the <br />like asserted against the Purchasing Entity unless Contractor at the time of the <br />presentation of claim shall demonstrate to the Purchasing Entity's satisfaction <br />that sufficient monies are set aside by the Contractor in the form of a bond or <br />through insurance coverage to cover associated damages and other costs. <br />iii. Notwithstanding the above, neither the Contractor nor the Purchasing Entity <br />shall be liable for any consequential, indirect or special damages of any kind <br />which may result directly or indirectly from such performance, including, without <br />limitation, damages resulting from loss of use or loss of profit by the Purchasing <br />Entity, the Contractor, or by others. <br />iv. The limitations of liability in Section 43 will not apply to claims for bodily injury or <br />death as set forth in Section 13, and Section 30 when made applicable under a specific <br />purchase order. <br />16. Insurance <br />a. Unless otherwise agreed in a Participating Addendum, Contractor shall, during the <br />term of this Master Agreement, maintain in full force and effect, the insurance described <br />in this section. Contractor shall acquire such insurance from an insurance carrier or <br />carriers licensed to conduct business in each Participating Entity's state and having a <br />rating of A-, Class VII or better, in the most recently published edition of Best's Reports. <br />Failure to buy and maintain the required insurance may result in this Master <br />Agreement's termination or, at a Participating Entity's option, result in termination of its <br />Participating Addendum. <br />b. Coverage shall be written on an occurrence basis. The minimum acceptable limits <br />shall be as indicated below, with no deductible for each of the following categories- <br />(1) Commercial General Liability covering premises operations, independent <br />contractors, products and completed operations, blanket contractual liability, <br />personal injury (including death), advertising liability, and property damage, <br />with a limit of not less than $1 million per occurrence/$3 million general <br />aggregate; <br />(2) CLOUD MINIMUM INSURANCE COVERAGE: <br />Data Breach and Privacy/Cyber <br />Liability including Technology <br />Crime Insurance <br />Level of <br />Errors and Omissions <br />Minimum Insurance <br />Risk <br />Minimum Insurance Coverage <br />Coverage <br />Low <br />$2,000,000 <br />$2,000,000 <br />