§ A150-21. Liability insurance.

The company agrees to maintain and keep in full force and effect, at is sole expense at all times during the term of this consent, sufficient liability insurance naming the Township of Medford as an insured and insuring against loss by any such claim, suit, judgment, execution or demand in the minimum amounts of $1,000,000 per person for any one claim and $5,000,000 as to any accident or occurrence. Additionally, the company shall maintain and keep in full force and effect an umbrella liability policy with limits of not less than $10,000,000. The company further agrees to maintain and keep in full force and effect sufficient property damage insurance in the minimum amount of $100,000. Finally, the company agrees to maintain and keep in full force and effect sufficient crime and error omission coverage in the minimum amount of $5,000,000.