Minimum Limits of Liability Clause Samples
The Minimum Limits of Liability clause sets a baseline amount of insurance coverage or financial responsibility that a party must maintain under a contract. Typically, this clause specifies the lowest acceptable dollar amount for liability insurance, such as general liability or professional liability, that a contractor, vendor, or service provider must carry while performing work or services. By establishing these minimum requirements, the clause ensures that adequate resources are available to cover potential claims or damages, thereby protecting both parties from insufficient coverage and reducing financial risk.
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Minimum Limits of Liability. The Subcontractor shall procure and maintain with insurance companies licensed in the jurisdiction in which the Project is located and acceptable to the Constructor, which acceptance shall not be unreasonably withheld, at least the limits of liability as set forth in Exhibit E Insurance Provisions.
Minimum Limits of Liability. $1,000,000 - Per Occurrence- Bodily Injury and Property Damage Combined Single Limit.
Minimum Limits of Liability. 1. The Subcontractor shall maintain general liability insurance with per occurrence limits of $1,000,000, personal and advertising injury of $1,000,000, products/completed operations aggregate limit of at least $2,000,000 and general aggregate limit of at least $2,000,000 with an A- minimum carrier and per project aggregate.
Minimum Limits of Liability. (i) Per Claim Limit: $2,000,000
(ii) Aggregate Limit: $2,000,000
(iii) Deductible Not to Exceed: $50,000
Minimum Limits of Liability. The Subcontractor shall maintain at least the limits of liability in a company satisfactory to the Contractor as set forth in Exhibit B.
Minimum Limits of Liability. The Contractor’s Comprehensive or Commercial General Liability and Comprehensive Automobile Liability Insurance, as required by Article 13.1, shall be written with limits of liability not less than the levels shown in Exhibit B. The insurance coverage(s) and limits furnished by Contractor in no way limits the Contractor’s liabilities and responsibilities specified within this Agreement or by law.
Minimum Limits of Liability. A combined single limit of not less than (or a combination of primary and excess coverage, with no limitation as to any one claim, except with respect to any applicable aggregate limitation for products and completed operations liability insurance or aggregated sublimits with respect to non-passenger personal injury liability coverage as is customarily available from the worldwide aviation insurance marketplace) of $300,000,000.00 U.S. Dollars on any one occurrence, covering bodily injury, property damage and personal injury. Notwithstanding the foregoing, to the extent available, War Risk and Allied Perils Liability Coverage shall be provided at a sub-limit of not less than $50,000,000.00 U.S. Dollars in the annual aggregate for third-party, bodily injury and property damage (as part of and not in addition to the combined single limit specified above).
Minimum Limits of Liability. Subcontractor shall, at its expense, maintain at least the limits of liability in a company satisfactory to the Contractor as follows and must be the AM Best rating of an acceptable insurer:
Minimum Limits of Liability. The Servicer must maintain the required insurance with a carrier rated A- or better by A. M. Best. The Servicer shall maintain at least the limits of liability as set forth below: Commercial General/Contractual Liability Insurance covering all operations required to complete the repair work and include coverage for damage to property being worked on by Servicer. $1,000,000 Each Occurrence Limit (Bodily Injury and Property Damage) $2,000,000 General Aggregate $2,000,000 Ongoing & /Completed Operations Aggregate $1,000,000 Personal and Advertising Injury Limit Business or Commercial Automobile Liability Insurance $1,000,000 combined single limit per accident Workers' Compensation and Employers' Liability Insurance $500,000 Each Accident $500,000 Each Employee for Injury by Disease $500,000 Aggregate for Injury by Disease Excess or Umbrella Liability (to overlay Employer’s Liability, Automobile Liability and Commercial Liability coverages) $1,000,000 occurrence/aggregate Bailee Insurance Coverage $250,000 minimum (If the unit is lost, fire, water damage etc.) insurers, obligors and agents, from and against any and all claims and demands of any nature whatsoever (including, without limiting the generality of the foregoing, claims for consequential damages, loss of profits and damage to property of New Leaf or their Customers), including reasonable costs, litigation expenses, counsel fees and liabilities incurred in connection therewith, arising out of injury to, or death of, any person whatsoever or damage to property of any kind caused in whole or in part by the acts or omissions of Servicer, any subcontractor, or any other person directly or indirectly employed by them while engaged in the performance of the work described in this Agreement. New Leaf along with their respective officers, agents and employees, shall be named as additional insureds for Ongoing Operations and Products/Completed Operations on the Servicer's and any Sub- Servicer's Commercial General Liability Policy, which must be primary and noncontributory with respect to the additional insureds. This insurance shall remain in effect as set forth below, in the "Continuation of Coverage" provision. It is expressly understood by the parties to this Contract that it is the intent of the parties that any insurance obtained by New Leaf is deemed excess, non-contributory and not co-primary in relation to the coverage(s) procured by the Servicer, the Sub-Servicer or any of their respective consultant...
Minimum Limits of Liability. The Subcontractor's Comprehensive General and Automobile Liability Insurance, as required by Article 13.1, shall be written with limits of liability not less than that set forth in EXHIBIT E-1 attached.