Common use of Contractor’s Risks Clause in Contracts

Contractor’s Risks. The Contractor shall be responsible for obtaining any insurance it deems necessary to cover its own risks, including without limitation: (a) business interruption, such as gross earnings, extra expense, or similar coverage, (b) personal property, and/or (c) automobile physical damage and/or theft. In no event shall the Department be liable for any damage to, or loss of, personal property, or damage to, or loss of, an automobile that is covered by a policy of insurance that is required by this agreement, even if such loss is caused by the negligence of the Department.

Contractor’s Risks. The Contractor shall be responsible for obtaining any insurance it deems necessary to cover its own risks, including without limitation: (a) business interruption, such as gross earnings, extra expense, interruption or similar coverage, (b) personal property, and/or (c) automobile physical damage and/or theft. In no event shall the Department Massport be liable for any damage to, or consequential loss of, personal property, or damage to, or loss of, an automobile that is covered by a policy of insurance that is required by this agreement, even if such loss is caused sustained by the negligence of Contractor. The Vendor’s insurance coverage required herein shall include a blanket contractual liability endorsement covering all liabilities assumed by the DepartmentVendor under this Contract, including without limitation, the Vendor’s indemnity obligations.