Each agreement must require that liability insurance coverage of an amount appropriate to protect the project‘s viability is secured and maintained by the contracting party. Each agreement may provide for State indemnification of the contracting party for design and construction liability where the State has approved relevant design and construction plans.

70 Del. Laws, c. 280, § ?1; 74 Del. Laws, c. 69, § ?82;

Terms Used In Delaware Code Title 2 Sec. 2008

  • Agreement: means an agreement entered into by the Secretary and one or more contracting parties for a project. See Delaware Code Title 2 Sec. 2002
  • Contracting party: means any individual, corporation, partnership, company, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated association, body politic, authority or any other form of entity not specifically listed herein entering into an agreement with the Secretary for a project. See Delaware Code Title 2 Sec. 2002
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Project: means any public transportation project undertaken under this chapter. See Delaware Code Title 2 Sec. 2002
  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
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