Labcorp Insurance Clause Samples

Labcorp Insurance. Labcorp must secure and maintain in full force and effect throughout the term of each Work Order, (i) general liability insurance in the amount of one million U . S . dollars ( $ 1 , 000 , 000 ) per occurrence and two million U . S . dollars ( $ 2 , 000 , 000 ) in the aggregate and (ii) professional liability insurance in the amount of three million U . S . dollars ( $ 3 , 000 , 000 ) per occurrence and in the aggregate . If Sponsor so requests in writing, Labcorp will produce a certificate of insurance for inspection . “Claims made” policies shall be maintained by Labcorp for no less than thr e e ( 3 ) y ea rs followi n g the c o mpl e tion of S e rvi c e s a n d, if not maintain e d, a minimum thr e e ( 3 ) y e a r e x tend e d re porting p e riod sh a ll b e p u r c h a s e d . F a ilure of Sponsor to re c e ive or r e qu e st s u c h c e rtif i ca tes d o e s not r e pr e s e nt a w a iver of the r e qui r e ments not e d h e r e i n . 19 . 2