Common use of Commercial Liability Insurance Clause in Contracts

Commercial Liability Insurance. Collector agrees to maintain and pay for a commercial liability policy naming City, its officers, officials, agents, and employees as an additional insured and insuring them against liability or financial loss resulting from injuries occurring to persons or property in or about or in connection with said work to be performed under this Agreement. Each policy of insurance shall provide primary coverage on an occurrence basis in a company satisfactory to City in the following minimal amounts: personal injury, $1,000,000 for each person and $1,000,000 per occurrence; property damage, $1,000,000 per occurrence. Each policy shall provide that it shall not be canceled or reduced in coverage without 30 days prior written notice to City. The commercial liability policy shall provide (a) if City, its officers, officials, agents, or employees have other insurance against loss covered by said policy, said other insurance shall be excess insurance only, and (b) that City, its officers, officials, agents, and employees are not precluded from claim under said policy against other insured parties. Collector shall file Certificates of Insurance with City in a form satisfactory to the City Attorney upon execution of this Agreement, evidencing said coverage and the requirements of this paragraph.

Commercial Liability Insurance. Collector agrees to maintain and pay for a commercial liability policy naming City, its officers, officials, agents, and employees as an additional insured and insuring them against liability or financial loss resulting from injuries occurring to persons or property in or about or in connection with said work to be performed under this Agreement. Each policy of insurance shall provide primary coverage on an occurrence basis in a company satisfactory to City in the following minimal amounts: personal injury, $1,000,000 for each person and $1,000,000 per occurrence; property damage, $1,000,000 per occurrence. Each policy shall provide that it shall not be canceled or reduced in coverage without 30 days prior written notice to City. The commercial liability policy shall provide (a) if City, its officers, officials, agents, or and employees have other insurance against loss covered by said policy, said other insurance shall be excess insurance only, and (b) that City, its officers, officials, agents, agents and employees are not precluded from claim under said policy against other insured parties. Collector shall file Certificates of Insurance with City in a form satisfactory to the City Attorney upon execution of this Agreement, evidencing said coverage and the requirements of this paragraph.