Insured Retention Sample Clauses

Insured Retention. Any self-insured retentions must be declared to and approved by STA prior to execution of this Agreement. STA reserves the right to require that self-insured retentions be lowered, eliminated or replaced by a deductible. Self-insurance or self-insured retentions will not be considered to comply with these specifications unless approved in writing by STA prior to execution of this Agreement.
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Insured Retention a. Our obligation to indemnify the insured applies only when the amount of loss and claim expense exceeds the Self-Insured Retention amount stated in the Common Policy Declarations per accident.
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Insured Retention. Any self-insured retention in excess of $5,000 must be declared to and approved by MST. To apply for approval for a level of retention in excess of $10,000 CONTRACTOR must provide a current financial statement documenting the ability to pay claims falling within the self-insured retention. At the option of MST, either: the insurer shall reduce or eliminate such self-insured retention as respects MST, its officers, officials, employees and volunteers; or the propose/bidder shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses.
Sample 1
Insured Retention. Any self-insured retentions must be declared to and approved by STA prior to execution of this Agreement. STA reserves the right to require that self-insured retentions be lowered, eliminated or replaced by a deductible. Self-insurance or self-insured retentions will not be considered to comply with these specifications unless approved in writing by STA. Primary & Noncontributory. Contractor’s insurance shall be considered primary and noncontributory in the event of a loss, damage or suit. STA’s own comprehensive general liability policy will be considered excess coverage in respect to STA. Additionally, the Contractor’s commercial general liability policy must provide cross-liability coverage as would be achieved under a standard ISO separation of insureds clause.
Sample 1
Insured Retention. 7. The Self-Insured Retention shall be subject to the following provisions:
Sample 1
Insured Retention. Rail Operator shall be responsible, at its own expense, for payment of a self-insured retention, including defense costs and other claim expenses, for losses payable under the PPL Policy that are attributable to Rail Operator’s acts, errors, or omissions, or the acts, errors, or omissions of any person or entity for whom Rail Operator may be responsible. The amount of the self-insured retention shall be based on the amount of Railroad Operator’s annual practice xxxxxxxx, all determined at the time the Agreement is executed, as follows: $50,000 per claim for PPL Insureds whose firms have annual xxxxxxxx under $20,000,000; $1,000,000 per claim for PPL Insureds whose firms have annual xxxxxxxx over $20,000,000.
Sample 1

Related to Insured Retention

  • Deductibles and Self-Insured Retentions Consultant shall disclose to and obtain the approval of City for the self-insured retentions and deductibles before beginning any of the services or work called for by any term of this Agreement. During the period covered by this Agreement, only upon the prior express written authorization of the City, Consultant may increase such deductibles or self-insured retentions with respect to City, its officers, employees, agents, contractors, consultants, and volunteers. The City may condition approval of an increase in deductible or self-insured retention levels with a requirement that Consultant procure a bond, guaranteeing payment of losses and related investigations, claim administration, and defense expenses that is satisfactory in all respects to the City.

  • Sum Insured The insurance policy shall (i) be on a completed value form, with no periodic reporting requirements, (ii) insure not less than U.S.$1,000,000,000 commencing at the earlier of LNTP or NTP, and insure no less than an amount to be determined based upon a probable maximum loss study performed by a reputable and experienced firm reasonably satisfactory to Contractor, Owner and Owner’s Lenders, with such maximum probable loss approved by the Parties and such increased amount commencing no later than 180 Days after NTP, (iii) value losses at replacement cost, without deduction for physical depreciation or obsolesce including custom duties, Taxes and fees, (iv) insure loss or damage from earth movement without a sub-limit, (v) insure property loss or damage from flood and named windstorm with a sub-limit of not less than U.S.$150,000,000 commencing at the earlier of LNTP or NTP, provided that such sub-limit shall increase to an amount of not less than U.S.$500,000,000 no later than 180 Days after NTP, and such sub-limit in the event of a named windstorm shall apply to the combined loss covered under Section 1.A.9 Builder’s Risk and Section 1.A.10 Builder’s Risk Delayed Startup, and (vi) insure loss or damage from strikes, riots and civil commotion with a sub-limit not less than $100,000,000.