Miscellaneous Insurance Provisions. (a) The above stipulated levels of insurance coverage may be satisfied through primary insurance or a combination of primary and excess or umbrella liability insurance. (b) Either Party may elect to self-insure for the coverages required by this Section 16 upon written approval by other Party. (c) Either Party may elect deductibles to the coverages required by this Section 16 upon the written approval by other Party. (d) The mere purchase and existence of insurance coverage shall not reduce or release either Party from any liabilities incurred or assumed under this Agreement.
Appears in 5 contracts
Samples: Terminaling and Storage Agreement, Throughput Agreement (SemGroup Energy Partners, L.P.), Throughput Agreement (SemGroup Energy Partners, L.P.)
