Common use of DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY Clause in Contracts

DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Directors, Officers and Organization insurance covering the Recipient’s Organization, Directors, Officers, and Trustees actual or alleged errors, omissions, negligent, or wrongful acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of use of grant funds and donor contributions - with a combined single limit of no less than $2,000,000 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Employee Dishonesty or Fidelity Bond covering loss of money, securities and property caused dishonest acts of a Recipient’s employees. Coverage limits shall not be less than $2,000,000. EXCESS/UMBRELLA INSURANCE: A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: All liability insurance, except for Workers’ Compensation, Professional Liability, and Network Security and Privacy Liability (if applicable), required under this Agreement must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to Recipient's activities to be performed under this Agreement. Coverage shall be primary and non-contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 or equivalent.

Appears in 2 contracts

Samples: Coronavirus State, Coronavirus State

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DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Not required Directors, Officers and Organization insurance covering the Recipient’s Organization, Directors, Officers, and Trustees actual or alleged errors, omissions, negligent, or wrongful negligent acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of and use of grant funds and donor contributions - contributions, of the directors and officers of the grantee’s organization with a combined single limit of no less than $2,000,000 1,000,000 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Not required Employee Dishonesty or Fidelity Bond covering loss of money, securities and property caused dishonest acts of a RecipientGrantee’s employees. Coverage limits shall not be less than $2,000,000250,000. EXCESS/UMBRELLA INSURANCE: A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: All liability insurance, except for Workers’ Compensation, Professional Liability, and Network Security and Privacy Liability (if applicable), required under this Grant Agreement must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to RecipientGrantee's activities to be performed under this Grant Agreement. Coverage shall be primary and non-contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 or equivalent.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Not required Directors, Officers officers and Organization organization liability insurance covering the RecipientGrantee’s Organizationorganization, Directorsdirectors, Officersofficers, and Trustees trustees actual or alleged errors, omissions, negligent, or wrongful acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of use of grant funds Grant Funds and donor contributions - with a combined single limit of no less than $2,000,000 1,000,000 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Not required Employee Dishonesty dishonesty or Fidelity Bond fidelity bond covering loss of money, securities and property caused by dishonest acts of a RecipientGrantee’s employees. Coverage limits shall may not be less than $2,000,0001,000,000. EXCESS/UMBRELLA INSURANCE: INSURANCE A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: INSURED All liability insurance, except for WorkersworkersCompensationcompensation, Professional Liabilityprofessional liability, and Network Security network security and Privacy Liability privacy liability (if applicable), required under this Agreement Grant must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to Recipient's Grantee’s activities to be performed under this AgreementGrant. Coverage shall must be primary and non-contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your Grantee’s ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 13 or equivalent. WAIVER OF SUBROGATION Grantee waives, and must require its first tier contractors and subgrantees waive, rights of subrogation which Grantee, Grantee’s first tier contractors and subgrantees, if any, or any insurer of Grantee may acquire against the Agency or State of Oregon by virtue of the payment of any loss. Grantee must obtain, and require its first tier contractors and subgrantees to obtain, any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the Agency has received a waiver of subrogation endorsement from the Grantee or the Grantee’s insurer(s).

Appears in 1 contract

Samples: State of Oregon Grant Agreement

DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Not required Directors, Officers officers and Organization organization liability insurance covering the RecipientGrantee’s Organizationorganization, Directorsdirectors, Officersofficers, and Trustees trustees actual or alleged errors, omissions, negligent, or wrongful acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of use of grant funds Grant Funds and donor contributions - with a combined single limit of no less than $2,000,000 1,000,000 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Employee Dishonesty or Fidelity Bond covering loss of money, securities and property caused dishonest acts of a Recipient’s employees. Coverage limits shall not be less than $2,000,000. EXCESS/UMBRELLA INSURANCE: INSURANCE A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: INSURED All liability insurance, except for WorkersworkersCompensationcompensation, Professional Liabilityprofessional liability, and Network Security network security and Privacy Liability privacy liability (if applicable), required under this Agreement Grant must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to Recipient's Grantee’s activities to be performed under this AgreementGrant. Coverage shall must be primary and non-non- contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your Grantee’s ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 13 or equivalent. WAIVER OF SUBROGATION Grantee waives, and must require its first tier contractors and subgrantees waive, rights of subrogation which Grantee, Grantee’s first tier contractors and subgrantees, if any, or any insurer of Grantee may acquire against the Agency or State of Oregon by virtue of the payment of any loss. Grantee must obtain, and require its first tier contractors and subgrantees to obtain, any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the Agency has received a waiver of subrogation endorsement from the Grantee or the Grantee’s insurer(s).

Appears in 1 contract

Samples: State of Oregon Grant Agreement

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DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Not required Directors, Officers officers and Organization organization liability insurance covering the RecipientGrantee’s Organizationorganization, Directorsdirectors, Officersofficers, and Trustees trustees actual or alleged errors, omissions, negligent, or wrongful acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of use of grant funds Grant Funds and donor contributions - with a combined single limit of no less than $2,000,000 1,000,000.00 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Employee Dishonesty or Fidelity Bond covering loss of money, securities and property caused dishonest acts of a Recipient’s employees. Coverage limits shall not be less than $2,000,000. EXCESS/UMBRELLA INSURANCE: A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: INSURED All liability insurance, except for WorkersworkersCompensationcompensation, Professional Liabilityprofessional liability, and Network Security network security and Privacy Liability privacy liability (if applicable), required under this Agreement Grant must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to Recipient's Grantee’s activities to be performed under this AgreementGrant. Coverage shall must be primary and non-contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your Grantee’s ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 13 or equivalent. WAIVER OF SUBROGATION Grantee waives, and must require its first tier contractors and subgrantees waive, rights of subrogation which Grantee, Grantee’s first tier contractors and subgrantees, if any, or any insurer of Grantee may acquire against the Agency or State of Oregon by virtue of the payment of any loss. Grantee must obtain, and require its first tier contractors and subgrantees to obtain, any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the Agency has received a waiver of subrogation endorsement from the Grantee or the Grantee’s insurer(s).

Appears in 1 contract

Samples: Oregon Grant Agreement

DIRECTORS, OFFICERS AND ORGANIZATION LIABILITY. Required Not required Directors, Officers officers and Organization organization liability insurance covering the RecipientGrantee’s Organizationorganization, Directorsdirectors, Officersofficers, and Trustees trustees actual or alleged errors, omissions, negligent, or wrongful acts, including improper governance, employment practices and financial oversight - including improper oversight and/or use of use of grant funds Grant Funds and donor contributions - with a combined single limit of no less than $2,000,000 1,000,000 per claim. CRIME PROTECTION COVERAGE: EMPLOYEE DISHONESTY or FIDELITY BOND Required Employee Dishonesty or Fidelity Bond covering loss of money, securities and property caused dishonest acts of a Recipient’s employees. Coverage limits shall not be less than $2,000,000. EXCESS/UMBRELLA INSURANCE: INSURANCE A combination of primary and excess/umbrella insurance may be used to meet the required limits of insurance. ADDITIONAL INSURED: INSURED All liability insurance, except for WorkersworkersCompensationcompensation, Professional Liabilityprofessional liability, and Network Security network security and Privacy Liability privacy liability (if applicable), required under this Agreement Grant must include an additional insured endorsement specifying the State of Oregon, its officers, employees and agents as Additional Insureds, including additional insured status with respect to liability arising out of ongoing operations and completed operations, but only with respect to Recipient's Grantee’s activities to be performed under this AgreementGrant. Coverage shall must be primary and non-contributory with any other insurance and self-insurance. The Additional Insured endorsement with respect to liability arising out of your Grantee’s ongoing operations must be on ISO Form CG 20 10 07 04 or equivalent and the Additional Insured endorsement with respect to completed operations must be on ISO form CG 20 37 07 04 13 or equivalent. WAIVER OF SUBROGATION Grantee waives, and must require its first tier contractors and subgrantees waive, rights of subrogation which Grantee, Grantee’s first tier contractors and subgrantees, if any, or any insurer of Grantee may acquire against the Agency or State of Oregon by virtue of the payment of any loss. Grantee must obtain, and require its first tier contractors and subgrantees to obtain, any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the Agency has received a waiver of subrogation endorsement from the Grantee or the Grantee’s insurer(s).

Appears in 1 contract

Samples: Oregon Grant Agreement

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