Contractor’s Professional Liability Sample Clauses
The Contractor’s Professional Liability clause establishes the contractor’s responsibility to maintain insurance coverage for errors, omissions, or negligent acts in the performance of professional services. This clause typically requires the contractor to obtain and keep in force a specified amount of professional liability insurance throughout the duration of the project, often providing proof of coverage to the client. Its core function is to protect both parties from financial losses arising from professional mistakes, ensuring that there is a mechanism for compensation if the contractor’s professional services cause harm or fail to meet required standards.
Contractor’s Professional Liability. In any construction contract that requires professional services as part of the work, contractor shall provide $2,000,000 per claim/$2,000,000 aggregate professional liability errors and omissions coverage. If coverage is placed on a “Claims-Made” basis, then the Retrospective Date of the policy must match or precede the date the first professional services are provided. Evidence of continuous coverage or an extended reporting period endorsement shall be required for a period of six (6) years after substantial completion.
Contractor’s Professional Liability. $1,000,000 Limit of Insurance $1,000,000 Annual Aggregate Coverage shall be maintained uninterrupted for a minimum of twelve years after Substantial Completion. Coverage shall apply to negligent acts, errors or omissions arising from the Trade Contractor’s professional services defined to include architecture, engineering, land surveying, landscape architecture, and construction management (or other services if appropriate). The retro date will be prior to the commencement of Trade Contractor Work. This coverage must be primary and non-contributory to any coverage maintained by the Authority or an Indemnitee.
Contractor’s Professional Liability. The Contractor shall provide evidence of Professional Liability insurance covering professional errors and omissions for construction management, value engineering, or any other non-construction professional services. Such insurance must provide a minimum limit of liability of $2,000,000 million each claim and may be evidenced as an extension of a CGL policy or by a separate Professional Liability policy.
Contractor’s Professional Liability. The CM shall purchase and maintain insurance errors and omissions liability insurance appropriate to the contractor’s profession, including without limitation CM at Risk services performed under M.G.L. c. 149A whether performed by a Design Professional that the Insured is legally responsible for, or by the Insured in their capacity as a Design Professional, or other professional services that the Insured performs for others in their capacity as a Construction Manager. Coverage as required in this paragraph shall apply to liability for a professional error, act, or omission arising out of the scope of the CM’s services as defined in this contract. Coverage shall be written subject to limits of not less than $1,000,000 per loss. If coverage as required above is written on a claims-made basis, the CM warrants that any retroactive date is no later than the effective date of this contract; and that continuous coverage will be maintained or an extended coverage period will be exercised for a period of 6 (six) years beginning from the time of substantial completion of the Work.
Contractor’s Professional Liability. (Errors and Omissions specifically for Design Build Projects)
a. In the event that any professional liability insurance required by this Contract is written on a claims-made basis, Consultant warrants that any retroactive date under the policy shall precede the effective date of this Contract; and that either continuous coverage will be maintained, or an extended discovery period will be exercised for a period of two (2) years beginning at the time work under this Contract is completed.
b. The policy shall contain a waiver of subrogation against the State of Nevada.
c. The policy shall provide provisions for protection for the State (Owner) for vicarious liability.
Contractor’s Professional Liability. CM/GC shall carry Contractors Professional Liability insurance to cover the residual, contingent and passive design exposures of the CM/GC.
A. The CITY, its officers, officials, agents, and employees, are to be named as additional insureds with respect to liability arising out of: activities performed by or on behalf of the CM/GC, including the CITY’s general supervision of the CM/GC; products and completed operations of the CM/GC; and automobiles owned, leased, hired or borrowed by the CM/GC. Vehicle Liability CM/GC shall maintain Business Automobile Liability with coverage at least as broad as Insurance Services Office, Inc. coverage code “1” “any auto” policy form CA 00 01 07 97 or equivalent thereof.
B. The Commercial General Liability Insurance will contain broad form contractual liability coverage and will not exclude liability arising out of the explosion, collapse or underground hazard (“XCU”).
C. The CITY, its officers, officials, agents, and employees will be additional insureds to the full limits of liability purchased by the CM/GC, even if those limits of liability are in excess of those required by this Agreement. The Commercial General Liability policy will be at least as broad as the Insurance Service Office, Inc.’s CG 0 0 01 07 98.
Contractor’s Professional Liability. Required Not required
Contractor’s Professional Liability. Limits of Liability Each Claim $2,000,000 Policy Aggregate $2,000,000
Contractor’s Professional Liability. In any construction contract that requires professional services as part of the work, contractor shall provide $ per