Physical Damage. Contractor shall maintain comprehensive (fire, theft and 30 collision) physical damage insurance covering the vehicles and equipment used 31 in providing service to Authority under this Agreement, with a deductible or self- 32 insured retention not greater than One Hundred Thousand Dollars ($100,000). 33 Notwithstanding the foregoing, Contractor shall be allowed to self-insure for 34 physical damage to its vehicles provided Contractor provides adequate audited 35 financial information to Authority and Authority is reasonably satisfied that 36 Contractor has the financial net worth to cover any losses.
Appears in 3 contracts
Sources: Agreement for Operation of the Shoreway Recycling and Disposal Center, Operation Agreement, Agreement for Operation of the Shoreway Recycling and Disposal Center