- following insurance coverages and limits:
- A.Commercial General Liability insurance, including broad form contractual liability insurance, products/completed operations, independent contractor, and broad form property damage with a combined single limit of not less than Two Million Dollars ($2,000,000) per occurrence and two Million Dollars ($2,000,000) aggregate. Authority and its Commissioners shall be named as additional insured with right of notice in the policy.
- B.Commercial Umbrella or Excess Liability Insurance with a limit of not less than Three Million Dollars ($3,000,000) aggregate.
- C.Liquor Liability, if applicable, occurring on or in any way related to the Premises or occasioned by reason of the operations of Concessionaire combined single limit of not less than two million dollars ($2,000,000).
- D.Automobile Liability insurance covering all owned, leased, hired, borrowed, or used automobiles in an amount not less than One Million Dollars ($1,000,000) per occurrence, Bodily Injury and Property Damage combined. Authority and its Commissioners shall be named as additional insured with right of notice in the policy.
- E.All Risk Property Insurance, including flood or earthquake, on all equipment and improvements now or hereafter located upon the Premises in an amount equal to the replacement cost (without depreciation) of such improvements. Coverage is to contain a 100% Coinsurance clause or Agreed Amount Endorsement. Said insurance shall contain loss payable endorsements in favor of the parties as their respective interests may appear hereunder. Concessionaire agrees to personally assume total responsibility for any damage, destruction or theft of its displays and equipment which may occur from Concessionaire's operations. Concessionaire agrees that Authority shall not be responsible for any damage or losses incurred by Concessionaire from its operations at the Airport.
- F.Workers' Compensation insurance as required by law or letter of exemption stating thereon the reason for the exemption.
- The certificates of insurance evidencing the foregoing coverage shall contain a certification that the policy cannot be canceled or changed in any manner which might adversely affect Authority, without thirty (30) days prior written notice to the Authority. They shall also state that coverage required by this Agreement has been endorsed to include Authority as an additional insured.
Concessionaire agrees to procure such other insurance in amounts and containing provisions as the Authority may reasonably require from time to time in its discretion. All such insurance shall be carried in solvent insurance companies authorized to do business in the State of Florida and approved by Authority.
Concessionaire's failure to provide and maintain current, all Certificates of Insurance required pursuant to this Article shall constitute a default by Concessionaire and shall be grounds for automatic termination of this Agreement.
ARTICLE 19
INDEMNIFICATION
Concessionaire agrees to protect, defend, reimburse, indemnify and hold Authority, its agents, employees and elected officers and each of them, free and harmless at all times from and against
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