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matters. <br />VI. INSURANCE <br />Otter Lake shall purchase, maintain in full force and effect <br />during the term of this Contract and provide proof of the <br />following insurance coverage: <br />A. WORKER'S COMPENSATION: Coverage at <br />statutory limits as provided by the State of <br />Minnesota. <br />B. COMPREHENSIVE GENERAL LIABILITY: Coverage <br />shall have minimum limits of $1,000,000 per <br />occurrence, combined single limit for bodily injury <br />liability and property liability. <br />C. BUSINESS AUTO LIABILITY: Coverage shall have <br />minimum limits of $500,000 per occurrence, <br />combined single limit of bodily injury liability and <br />property damage liability. This shall include owned <br />vehicles, hired and non -owned vehicles and <br />employee non -ownership. <br />Current valid insurance certificates meeting the <br />requirements herein identified shall be filed with <br />the Municipality before signing of this Contract. <br />All policies shall provide, and the certificate issued <br />shall evidence, that the Municipality shall be <br />notified in writing at least thirty (30) days prior to <br />cancellation or modification of coverage. <br />VII. EARLY TERMINATION <br />This Contract may be terminated by either party, with or <br />without cause, upon thirty (30) days written notice, delivered <br />by certified mail or in person, to the other party. <br />VIII. MODIFICATIONS <br />Any material alterations, modifications or variations of any <br />terms of this Contract shall be valid and enforceable only when <br />they have been reduced to writing as an amendment and signed <br />by the parties. Municipality shall be named as an additional <br />insured on all insurance certificates. <br />