§ A370-18. Liability insurance.

A. 

Required. The company agrees to maintain and keep in full force and effect at its sole expense at all times during the term of this consent sufficient liability insurance naming the Township as an insured and insuring against loss of any such claim, suit, judgment, execution or demand in the minimum amounts of $250,000 for bodily injury or death to one person, $1,000,000 for bodily injury or death from any one accident and $200,000 for property damage resulting from any one accident. It is a condition of this consent that the company is, shall be and shall hold itself out as being an independent contractor and not an agent of the Township of Delran, and defend, hold harmless and indemnify the Township against all claims arising out of its construction and operation of the franchise.

B. 

Notice of cancellation; copy of policy. The company shall assure that no such policy of insurance shall be cancelable without a minimum of 10 days' notice to the Township. The company shall deliver to the Township certificates of insurance evidencing every such policy immediately upon or prior to the effective date of such.