Company’s Insurance Clause Samples

Company’s Insurance. Company and Manager acknowledge and agree that Company, at its expense, has obtained property and liability insurance with respect to the Properties and shall maintain and keep in force such property and liability insurance to the extent reasonably and commercially feasible (“Company’s Insurance”). Company shall deliver to Manager certificates of insurance evidencing Company’s Insurance within ten (10) business days following the Effective Date, which certificates shall state that Company’s Insurance shall be primary and non-contributory as to claims made against Company and Manager and which are not covered by Manager’s indemnity pursuant to Section 10 below. Manager shall be named as an additional insured on Company’s liability insurance and evidence thereof shall be furnished to Manager. Manager shall furnish any information that is reasonably requested or required by Company for the purpose of establishing the placement of insurance coverage and shall aid and cooperate in every reasonable way with respect to such insurance and any loss thereunder. Manager shall promptly notify Company and the insurance carrier if Manager receives notice of any loss, damage or injury with respect to any of the Properties. Company shall cause Manager to be covered as an additional insured under Company’s Commercial General Liability Insurance covering the Properties. To the extent that Company is entitled to any Offset Amounts or reimbursement of Fraud Losses as expressly provided for herein, Manager shall be entitled to receive any subsequent recoveries from any insurance policies relating to such Offset Amounts. Company shall use commercially reasonable efforts to pursue any insurance claims relating to Offset Amounts or Fraud Losses.

Company’s Insurance. Company shall cause the insurers under any property insurance maintained by the Company Group to waive all rights of subrogation against the Contractor Group.

Company’s Insurance. 10.3.1 Throughout the term of this Agreement, or during such period as the Parties shall agree in writing, Company shall maintain, and shall cause each Sublicensee to maintain, in full force and effect comprehensive general liability (CGL) insurance, with single claim limits consistent with industry standards. Such insurance policy will include coverage for claims that may be asserted by University against Company under Section 10.2. Such insurance policy must name University as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Article 20 (Notices) of this Agreement, at least 45 days prior to the termination of the policy. Company shall deliver to University a copy of the certificate of insurance for such policy. 10.3.2 No later than 30 days prior to the initiation of human clinical trials with respect to Licensed Product(s), Company shall provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company shall issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than 45 days prior to the time that any such discontinuance is due to become effective. Company shall provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company shall further provide University, at least annually, proof of continued coverage.

Company’s Insurance. The Company will maintain primary and excess products liability coverage totaling at least US$2,000,000 per occurrence, on an occurrence (not claims-made) basis, and containing a Vendor's Liability Endorsement applicable to the Distributor, its affiliated companies, and all customers requesting such coverage through the Distributor.

Company’s Insurance. Throughout the Term, Company shall maintain Comprehensive General Liability occurrence-based insurance policy with a limit of liability of not less than two million dollars ($2,000,000) per occurrence and two million dollars ($2,000,000) in the aggregate covering each occurrence of bodily injury and property damage.

Company’s Insurance. Icosavax, Inc. / University of Washington Exclusive License Agreement UW CoMotion Ref. [***]

Company’s Insurance. 9.5.1. Throughout the term of this Agreement, or during such period as the parties shall agree in writing, Company shall maintain, and shall cause each Sublicensee who sells Licensed Products to maintain, in full force and effect comprehensive general liability (CGL) insurance, with single claim limits of [***]. Such insurance policy shall include coverage for claims that may be asserted by University against Company under section 9.2 of this Agreement and for claims by a Third Party against Company or University arising out of the purchase or use of a Licensed Product. Such insurance policy shall name University as an additional insured and shall require the insurer to deliver notice to University at the address set forth in Article 21 of this Agreement, at least [***] days prior to the termination of the policy. 9.5.2. Within [***]with respect to Licensed Product(s), Company shall provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company shall issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than [***] prior to the time that any such discontinuance is due to become effective. Company shall provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company shall further provide University, at least annually, proof of continued coverage. 9.5.3. The provisions of subsection 9.5.1 of this Agreement shall not apply if University agrees in writing to accept Company’s or Sublicensee’s self-insurance plan as adequate insurance, which acceptance shall not be unreasonably withheld. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Company’s Insurance. 13.1.1 Company shall maintain insurance coverage (or an equivalent program of self-insurance) that is reasonably sufficient to fulfill its obligations under this Agreement for itself, Company Affiliates, and their Personnel, including without limitation the following: (a) Commercial General Liability insurance with coverage of not less than $1,000,000 for any single occurrence and $3,000,000 in the aggregate; (b) Umbrella coverage that is reasonably sufficient to fulfill Company’s obligations under this Agreement, but not less than $5,000,000 in the aggregate; (c) During any period that the one or more Clinical Trials is being conducted by or on behalf of Company: Clinical trial insurance (or professional liability insurance/errors and omissions) with coverage of not less than $1,000,000 for any single occurrence and $3,000,000 in the aggregate; and (d) Upon commencing testing or sales of Licensed Products, product liability insurance with coverage of not less than $1,000,000 for any single occurrence and $3,000,000 in the aggregate. 13.1.2 All of such insurance shall have reasonable deductibles. Beginning on the third (3rd) anniversary of the Effective Date of this Agreement, and every three (3) years thereafter, University may require that the types or the amount of the insurance to be maintained on behalf of Company under this Section 13.1 be modified so that University’s interests are adequately protected (as determined in University’s reasonable discretion). However, unless Company otherwise agrees: (a) University may not require that the amount of such insurance be increased to an amount equal to more than the then current amounts plus five percent (5%); and (b) any such increase shall be required to be effected only upon the expected renewal date of the relevant policy. University may modify or waive any of the requirements in this Section 13.1 in its reasonable discretion. 13.1.3 Company will deposit with University insurance certificate(s), satisfactory in form and substance to University: (a) on or before execution of this Agreement; (b) each time there is a material change in Company’s insurance coverage; and (c) each time Company’s insurance coverage is renewed. Failure to deposit those policies shall not relieve Company of its obligations to obtain and keep in force insurance coverage required by this Agreement. The insurance required under this Agreement may be maintained by means of a policy or policies of blanket insurance so long as the pr...

Company’s Insurance. During the term of this Agreement, and for a period of one (1) year thereafter, COMPANY shall purchase and maintain, at its sole cost and expense, commercial general liability insurance and products liability coverage, and a contractual liability endorsement which specifically insures all liabilities of COMPANY to DISTRIBUTOR under this Agreement, to the extent afforded by normal ISO policy forms and definitions, with all such insurance coverages providing for combined single limit bodily injury/property damage liability of not less than [CONFIDENTIAL](94)