Mutual Insurance ix Each Party shall, at its own cost and expense, maintain, (or shall cause its Subcontractors to maintain), with a company or companies licensed or qualified to do business in the State of [ ], commercial general liability insurance with limits not less than $1,000,000 for injury to or death of one or more persons in any one occurrence and $1,000,000 for damage or destruction to property in any one occurrence. Each Party shall name and endorse the other Party as an additional insured in each such policy. For the avoidance of doubt, System Owner’s property insurance shall cover the System and System Assets and Host Customer’s property insurance shall cover the Premises and Site upon which the System is located. System Owner’s commercial general liability insurance policy shall also be endorsed to include coverage for products, completed operations, and independent contractors. Commented [20]: Insurance terms and requirements are heavily negotiated and determined by state or local government requirements for contractors or others doing business with the government. The insurance provisions in this section are truly “placeholders”, and should be customized as necessary.
Mutual Insurance. West Perth and Perth South will each be required to hold Commercial General Liability Insurance with a limit no less than $5,000,000.00.
Mutual Insurance. Each party will maintain the types of insurance customary and appropriate for such agreements, in the amount necessary to cover its obligations and responsibilities under this agreement or required by Law, whichever is less.
Mutual Insurance. Each party shall procure and maintain in force for itself and its staff, professional liability coverage with policy limits of [**] per occurrence and [**] annual aggregate and general liability coverage with policy limits of [**] per occurrence and [**] annual aggregate. Such coverage shall be self-insured or underwritten by a reputable insurance organization authorized to do business in the state of each party’s principal place of business. Upon request, each party will provide proof of its liability coverage to the other party.
Mutual Insurance. Each Party shall, at its own cost and expense, maintain, (or shall cause its Subcontractors to maintain), with a company or companies licensed or qualified to do business in the State of [__________], commercial general liability insurance with limits not less than $1,000,000 for injury to or death of one or more persons in any one occurrence and $1,000,000 for damage or destruction to property in any one occurrence. Each Party shall name and endorse the other Party as an additional insured in each such policy. For the avoidance of doubt, System Owner’s property insurance shall cover the System and System Assets and Host Customer’s property insurance shall cover the Premises and Site upon which the System is located. System Owner’s commercial general liability insurance policy shall also be endorsed to include coverage for products, completed operations, and independent contractors.
