Insurance Expectations Sample Clauses

Insurance Expectations. DESIGN PROFESSIONAL agrees to the following as it relates to its contractual obligation and shall ensure all insurance companies from whom DESIGN PROFESSIONAL obtains the insurance policies required herein this Agreement must meet the following minimum requirements:
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Related to Insurance Expectations

  • Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to, and approved by CITY's Risk Manager. At the option of CITY, either; the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects CITY, its officer, employees, agents and contractors; or GRANTEE shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses in an amount specified by the CITY's Risk Manager.

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