WThe grantee shall procure and maintain for the duration of this franchise the following insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance hereunder by the grantee:

(A)

(1) General liability insurance insuring grantee in the minimum of:

(a) $500,000 for property damage per occurrence;

(b) $1,000,000 for property damage aggregate;

(c) $1,000,000 for personal bodily injury or death to any one person; and

(d) $3,000,000 for bodily injury or death aggregate per single accident or occurrence.

(2) Such general liability insurance must include coverage for all of the following: comprehensive form, premises-operations, explosion and collapse hazard, underground hazard, product/completed operations hazard, contractual insurance, broad form property damage, and personal injury. Additionally, such insurance shall contain:

(a) Endorsement, listing as additional insureds, "The City of Stanford, its elected and appointed officials, employees, agents, boards, consultants, assigns, volunteers and successors in interest."

(b) Endorsement that grantee's insurance coverage shall be primary insurance as respects the government. Any insurance or self?insurance maintained by the government shall be excess of the grantee's insurance and shall not contribute with it.

(c) Endorsement that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits except after 30 days prior written notice by certified mail, return receipt requested, to the government.

(1) $1,000,000 for bodily injury and consequent death per occurrence;

(2) $1,000,000 for bodily injury and consequent death to any one person; and

(3) $500,000 for property damage per occurrence.

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