Contractor’s Coverage Sample Clauses
The Contractor’s Coverage clause requires the contractor to maintain specific types and amounts of insurance coverage during the course of a project. Typically, this includes general liability, workers’ compensation, and sometimes professional liability or automobile insurance, all of which must meet minimum standards set by the contract. By mandating these coverages, the clause ensures that both the contractor and the client are protected from financial losses arising from accidents, injuries, or damages that may occur during the project, thereby allocating risk and promoting accountability.
Contractor’s Coverage. The insurer must be authorized to do business under the laws of the state of Michigan and have an "A' or better rating in Best’s Guide. Such insurance will be primary. All contractors and all of their subcontractors who perform work on behalf of License shall carry in full force and effect, workers' compensation and employers' liability, comprehensive general liability, and automobile liability insurance coverage of the type that Licensee is required to obtain under this ARTICLE XXVI with the same limits.
Contractor’s Coverage. Insurance selected and described in this Attachment shall be purchased from an insurance company or companies lawfully authorized to issue insurance in the state of Nevada, ▇▇▇▇▇ County. The coverage required shall extend to all Contractor’s employees and subcontractors. An additional certificate evidencing continuation of commercial liability coverage, including coverage for completed operations, shall be submitted with the final Application for Payment and thereafter upon renewal or replacement of such coverage until the expiration of the period.
Contractor’s Coverage. 16.2.1 Contractor shall maintain the following insurance coverage:
Contractor’s Coverage. At its own expense, Contractor shall secure and maintain during the term of the Agreement the following insurance with the coverage amounts indicated for occurrences during and arising out of Contractor's performance of the Agreement. Such insurance shall be placed with responsible and reputable insurance companies in compliance with applicable Law and be effective as of the issuance of the Notice to Proceed or an earlier Limited Notice to Proceed. Such insurance shall be maintained until Final Completion, except Products Liability/Completed Operations coverage which shall be maintained for three (3) years beyond Final Completion. Deductible amounts under such coverages provided by Contractor shall be the responsibility of the Contractor.
Contractor’s Coverage. During the construction of the Improvements, the following policies of insurance are to be maintained by the Contractor for the Project, which policies may be combined with the policies required to be maintained by Borrower as set forth above:
a. Public Liability/Property Damage Coverage for at least $1,000,000 per occurrence ($2,000,000 annual aggregate) to be written on Comprehensive General Liability form including all broad form coverages or other form providing like coverage on an “occurrence” rather than “claims made” basis naming Bondowner Representative as an additional insured;
b. Worker’s Compensation Coverage per applicable state law and employers liability at minimum limits of $500,000/$500,000/$500,000 naming the Contractor;
c. Excess Liability Policy for not less than $2,000,000; and
d. Automotive Liability Limits of no less than $1,000,000 for any automobile.