Liability Insurance. Each local board or county government shall maintain liability insurance on the storage facility. Minimum Coverage. The minimum liability insurance coverage on the storage facility shall be: $1,000,000 per occurrence; and $2,000,000 in the aggregate. The State Board and designated personnel shall be named as “additional insured” parties to the liability insurance policy. Property Insurance. Each local board or county government shall maintain property insurance for equipment in the control of the local board. Minimum Coverage. The minimum property insurance coverage shall be the amount necessary to cover the total loss of all equipment in the control of the local board of elections. Determination of Coverage. Coverage shall be determined by the replacement values for the designated equipment. Loss Payees. The State of Maryland and the State Board of Elections shall be included as loss payees under the property insurance policy. Premiums and Deductibles. A local board or county government shall be responsible for all premiums, deductibles, or retentions associated with any insurance obtained. Proof of Insurance. A local board shall provide proof to the State Board that it complied with §§A and B of this regulation for all times any voting system equipment is in the custody of the local board. The local board shall provide proof: At the beginning of each fiscal year, and In the form of a current certificate of insurance or similar documentation.