Common use of Errors & Omissions Coverage Clause in Contracts

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.

Appears in 17 contracts

Samples: Producer Agreement, Producer Agreement, Insurance and Bonds LLC Producer Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.