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Section 7. Liabilities and Insurance. <br />7.01. Liabilities and Liability Insurance. Each party <br />shall be solely responsible for any loss, damage or injury to <br />any person or property arising out of the use of the addition to <br />Little Canada Elementary School and related public improvements <br />by any person or persons under its jurisdiction or <br />authorization. Each party shall hold the other harmless from <br />and defend it against any claim, demand or cause of action to <br />recover the amount of any such loss, damage or claim for which <br />it is responsible. Each party shall carry at its own expense <br />comprehensive general liability insurance covering its potential <br />liability under this Section, with personal injury limits of not <br />less than $ per person and $ per occurrence, <br />and property damage limits of $ per occurrence and <br />$ aggregate. A certificate from the insurance carrier <br />stating the limits of liability and specifically referring to <br />this contract and Section shall be furnished by each party to <br />the other before use of the addition commences. <br />7.02. Property Insurance. The District shall carry fire <br />and extended coverage insurance on the addition to the Little <br />Canada Elementary School under its general property insurance <br />policy applicable to the School, payable to the City and <br />District as their respective interests may appear. All <br />insurance proceeds received from damage to the addition to the <br />Little Canada Elementary School shall be used to repair the <br />damaged property. <br />Page 66 <br />