Errors and Omissions Coverage. Producer agrees to maintain errors and omissions insurance covering its property and casualty operations, including the obligations of this Agreement, in an amount not less than $1,000,000 per claim and annual aggregate, written by an insurance carrier that is A rated or better. Producer agrees to annually provide InsureZone with a copy of the errors and omissions insurance policy together with all amendments, endorsements, renewals, replacements and cancellations of such policy during the term of this Agreement.
Errors and Omissions Coverage. You shall maintain adequate Errors & Omission coverage at all times during the term of this Agreement. We reserve the right to request written evidence of this coverage at any time.
Errors and Omissions Coverage. Administrator shall receive and be covered under an insurance policy for professional errors and omissions with a coverage limit in the amount of at least $2,000,000.
Errors and Omissions Coverage. Broker warrants that it will maintain Errors and Omissions coverage, continuously and without interruption throughout the term of this Agreement, that is satisfactory to Paragon with an admitted insurer rated at least “A” by A.M. Best Company. The Errors and Omissions policy must show limits not less than $5,000,000 each claim and $5,000,000 in the aggregate. Additionally, the Broker warrants that it will also maintain crime and fidelity coverage, covering all employees handling premiums, with a minimum limit of $500,000.
Errors and Omissions Coverage. Administrator shall maintain errors and omissions liability coverage with limits and retention amounts in commercially prudent amounts consistent with industry standards, to cover any loss arising as a result of any real or alleged negligence, errors or omissions on the part of Administrator’s officers, agents or employees in any aspect of the performance of services under this Agreement.
Errors and Omissions Coverage. You agree to maintain in force, at Your expense, while this Agreement is in effect, errors and omissions insurance coverage acceptable to the Company. You further agree to provide Us with copies of the current binders evidencing the issuance of the errors and omissions insurance as required hereunder at the time of execution of this Agreement, and within ten business days of each date such insurance is discontinued, suspended, reduced or terminated for any reason whatsoever.
Errors and Omissions Coverage. You shall have and maintain in force errors and omissions coverage in the amount of no less than $1,000,000 per occurrence at all times during the term of this AGREEMENT and for a period of one (1) year thereafter, as a condition precedent to payment of any commission hereunder. We may require a higher minimum amount of insurance at our discretion. You shall produce evidence of such coverage to Us upon request, and all aspects thereof shall be subject to Our approval.
Errors and Omissions Coverage. (I) As of the Original Effective Date, the Agency or Agent shall have an Errors and Omissions policy in full force and effect providing coverage for the Agency or Agent and all of its agents in an amount not less than $500,000 per occurrence and $1,000,000 annual aggregate and shall continue to maintain Errors and Omissions coverage with at least the same minimum limits, and rating as set forth in (II) below, during the original Term and any renewals of this Agreement covering the Agency or Agent and all of its authorized and, where applicable, appointed agents.
Errors and Omissions Coverage. Broker shall maintain errors and omissions liability insurance during the term of this Agreement in the minimum coverage amount of one million dollars ($1,000,000) per claim. Evidence of coverage shall be provided to MetLife when requested, and MetLife reserves the right to decide that errors and omissions liability insurance does not satisfy the requirement of this Section 8.6 on the basis that the carrier or the terms of the coverage is unacceptable to MetLife.
Errors and Omissions Coverage. The Board agrees to pay the premium amount for School Board errors and omissions insurance coverage, which includes the Superintendent while engaged in the performance of a governmental function and while the Superintendent is acting within the scope of his authority. The tem1s of the errors and omissions insurance policy shall be controlling respecting defense and indemnity of the Superintendent but in no case shall the coverage be extended to any demands, claims, suits, actions and/or legal proceedings brought against the Board or the School District by the Superintendent. The sole obligation undertaken by the Board shall be limited to the payment of premium amounts for the above errors and omissions coverage. In the event that such insurance coverage cannot be purchased in the amounts and/or at a reasonable premium rate, the Board shall have the right to discontinue said coverage and shall so notify the Superintendent. In that event, the Board agrees on a case-by-case basis to consider providing legal defense and/or indemnification to the Superintendent as is authorized under MCLA 691.1408.
