Errors & Omissions Coverage Clause Samples
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Errors & Omissions Coverage. Each party shall maintain in full force and effect errors and omissions insurance coverage in the minimum amount of One Mil-lion dollars ($1,000,000.00) per claim; provided by an insurer rated no less than “A-“ by A.M. Best Company during the term of this Agreement and thereafter while the parties have any obligations hereunder. Producer shall notify ▇▇▇▇▇▇-▇▇▇▇▇▇▇ imme-diately of any changes to its errors and omissions coverage, including but not limited to expiration, renewal, limit changes, and insurance company rating changes. Upon renewal, Producer shall send to ▇▇▇▇▇▇-▇▇▇▇▇▇▇ a copy of its current declaration pages indicating insurance company name, named insured(s), and policy coverage, and policy limits. ▇▇▇▇▇▇-▇▇▇▇▇▇▇, at its sole discretion, may request and require Producer maintain higher minimum limits of errors and omission insurance coverage.
Errors & Omissions Coverage. Producer now has and shall maintain agent’s professional liability (Errors and Omission) insurance coverage with a minimum aggregate policy limit of one million dollars ($1,000,000) while this Agreement is in force and will furnish proof of such coverage upon request by Broker. Producer will provide Broker with prompt written notice of any material change, cancellation or other termination of this coverage.
Errors & Omissions Coverage. The Parties represent and warrant that each shall maintain Errors & Omissions coverage with minimum policy limits of one million dollars ($1,000,000.00) per occurrence while this Agreement is in force and will furnish proof of such coverage upon request.
Errors & Omissions Coverage. Specimen
Errors & Omissions Coverage. Producer will maintain during the life of this agreement valid Insurance Brokers/Agents Errors & Omissions insurance coverage with minimum limits of $1,000,000 for itself and its agents, employees, and representatives and provide proof of such coverage is in force to ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇, Inc.
Errors & Omissions Coverage. Law Firm maintains errors and omissions insurance in excess of the amount required by California law.
Errors & Omissions Coverage. You shall maintain adequate Errors & Commissions coverage at all times during the term of Agreement. We reserve the right to request written proof of this coverage at any time.