Insurance Coverage/Limits Sample Clauses
The Insurance Coverage/Limits clause defines the minimum types and amounts of insurance that a party must maintain during the term of an agreement. It typically specifies required policies such as general liability, professional liability, or workers’ compensation, and sets minimum coverage amounts for each. By establishing these requirements, the clause ensures that adequate financial protection is in place to cover potential losses or liabilities, thereby allocating risk and safeguarding both parties against unforeseen events.
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Insurance Coverage/Limits. The Contractor shall, at its own expense, obtain and maintain in full force and effect during the term of this Agreement, the following insurance with limits not less than those described below, or as required by law, whichever is greater (limits may be provided through a combination of primary and umbrella/excess policies): Commercial General Liability Insurance (“CGL”) covering the liability of the Contractor for bodily injury, property damage, and personal/advertising injury arising from all work and operations under this Agreement. The limits under such policy shall not be less than the following: Each Occurrence Limit – $1,000,000 General Aggregate Limit – $2,000,000 Products/Completed Operations Limit – $2,000,000 Personal Advertising Injury Limit – $1,000,000 Damage to Rented Premises Limit – $50,000 Medical Expenses Limit – $5,000 Coverage shall include, but not be limited to, the following: Premises liability; Independent contractors; Blanket contractual liability, including tort liability of another assumed in a contract; Defense and/or indemnification obligations, including obligations assumed under this Agreement; Cross liability for additional insureds; Products/Completed Operations for a term of no less than three years commencing upon acceptance of the work; Explosion, collapse, and underground hazards; Contractor means and methods; and Liability resulting from Section 240 or Section 241 of the New York State Labor Law. The following ISO forms must be endorsed to the Policy: CG 00 01 12 07 or an equivalent – Commercial General Liability Coverage Form; and CG 20 10 11 85 or an equivalent – Additional Insured-Owner, Lessees or Contractors (Form B). The CGL policy, and any umbrella/excess policies used to meet the “Each Occurrence Limit” specified above, must be endorsed to be primary with respect to the coverage afforded the Additional Insureds, and such policy/policies shall be primary to, and non-contributing with, any other insurance maintained by the State of New York and the Department or the City of New York Department of Finance. Any other insurance maintained by the State of New York, the Department and the City shall be excess of and shall not contribute with the Contractor’s or Subcontractor’s insurance, regardless of the “Other Insurance” clause contained in any party’s policy of insurance.
Insurance Coverage/Limits. The Contractor shall, at its own expense, obtain and maintain in full force and effect during the term of the Agreement, the following insurance with limits not less than those described below, or as required by law, whichever is greater (limits may be provided through a combination of primary and umbrella/excess policies):
Insurance Coverage/Limits. Alameda Little League shall provide, at its own expense, and shall maintain in force during the term of this Agreement, Commercial General Liability Insurance in the sum of One Million Dollars ($1,000,000) for injury to or death of any one person, with a General Aggregate Two Million Dollars of $2,000,000; Fire Damage Insurance in the sum of $100,000; Medical Expense Insurance in the sum of $5,000; Workers’ Compensation Insurance as required under the law for all employees; and Property Damage and Products Liability insurance in the sum of One Million Dollars ($1,000,000). The policy or policies of liability insurance shall contain the following special endorsement:
1. The District, its officers, employees, servants, and representatives are included as additional insureds but only insofar as operations under this Agreement are concerned;
2. The insurer will not cancel or reduce the insured’s coverage without thirty
Insurance Coverage/Limits. During the term of this Contract, the Sponsor shall maintain in full force and effect a policy or policies of:
Insurance Coverage/Limits. By requiring insurance herein, DEL does not represent that coverage and limits will be adequate to protect the Contractor, and such coverage and limits shall not limit the Contractor’s liability under the indemnities and reimbursements granted to DEL in this Contract.
Insurance Coverage/Limits. Landlord may, at its reasonable discretion but not more than once every five years, require minimum insurance policy limits to be maintained by Tenant’s Contractors to be increased.
Insurance Coverage/Limits. The Contractor shall, at his sole expense, maintain in effect at all times during the performance of his obligations hereunder, insurance coverages with limits not less than those set forth as follows, with insurers and under forms of policies satisfactory to the Engineer. Prior to commencing this Contract, the Contractor shall furnish the Engineer with Certificates of Insurance as evidence that policies providing such coverages and limits of insurance are in full force and effect, which Certificates shall provide that not less than thirty (30) days advance notice be given in writing to the Engineer prior to cancellation, termination or alteration of said policies of insurance. Such Certificates and Notices shall be sent directly to the Engineer’s authorized representative as specified elsewhere in the Contract.
a) Workers’ Compensation Statutory Limits
b) Owned Automobile Liability covering bodily injury (including death) and property damage. $5,000,000 inclusive
c) Non-owned Automobile Liability covering bodily injury (including death) and property damage. $5,000,000 inclusive
d) “All Risk” Contractor Insurance Contract Sum
e) Comprehensive Contractor’s Liability Insurance to cover bodily injury, property damage and personal injury. This policy of insurance shall be endorsed to include the interests of the Owner, and his Engineers as principals during the performance of this Contract. $5,000,000 inclusive