PERSONS INSURED Clause Samples

The 'Persons Insured' clause defines exactly who is covered under an insurance policy. It typically lists individuals by name, relationship to the policyholder, or by category, such as employees, family members, or authorized drivers. This clause ensures that only those specified are entitled to claim benefits or protection under the policy, thereby preventing ambiguity and limiting the insurer's liability to clearly identified parties.
PERSONS INSURED. Each of the following is an Insured under this Insurance to the extent set forth below: A. the Named Insured; B. in relation to Insuring Agreements I.B., I.C., I.D., and I.E., the Named Insured and any Subsidiaries of the Named Insured (together the “Insured Organization”); C. an Employee or volunteer worker of the Named Insured (or the Insured Organization if applicable) but only while acting within the scope of his or her duties as such;
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PERSONS INSURED. Each of the following is an Insured under this insurance to the extent set forth below: a) if the Named Insured designated in the Declarations is an individual, the person so designated; b) if the Named Insured designated in the Declarations is a partnership, the partnership so designated and any lawyers who are partners thereof; c) if the Named Insured designated in the Declarations is a Professional Corporation or Professional Association, the Professional Corporation or Professional Association so designated and any lawyers who are stockholders or members thereof; d) any lawyer or other person who is an employee of the Named Insured. IV Policy Period and Territory This policy applies to acts or omissions occurring anywhere in the world (provided claim is made or suit is brought within the United States of America, its territories or possessions or Canada), prior to the end of the policy period, if claim is first made during the policy period or an extended reporting period purchased in accordance with Condition IV. A claim is first made during the policy period or extended reporting period if during the policy period or extended reporting period the Insured shall have knowledge or become aware of any act or omission which could reasonably be expected to give rise to a claim under this policy, and shall, during the policy period or extended reporting period, give written notice thereof to the Company in accordance with Condition VII. If any claim is first made during a policy year alleging money damages which are payable under this policy, any additional claims which are made, or suits or proceedings in connection therewith which are brought subsequent to that policy year for money damages resulting from the same or related acts or omissions shall be considered part of the claim which was first made during that policy year. A claim shall be considered to be first made when the Company first receives written notice of the claim or of any event which could reasonably be expected to give rise to a claim. V Fiduciary Coverage Subject to the other terms, conditions and exclusions of this policy, when the Insured lawyer acts as a court appointed administrator, conservator, executor, guardian, trustee or in any similar court appointed fiduciary capacity, his/her acts or omissions in such capacity shall be deemed for the purpose of this policy to be the performance of professional services for others in the Insured’s capacity as a lawyer, provided that this poli...
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PERSONS INSURED. Each of the following is an Insured under this Policy to the extent set forth below: (1) The Named Insured stated in the Declarations (2) All contractors, sub-contractors, consulting architects and consulting engineers employed directly by the Named Insured in connection with the Insured Project but only with respect to operations directly connected with the Insured Project For the avoidance of doubt the above reference to contractors and sub-contractors does not include: (i) suppliers whose only function is to supply materials, machinery or supplies to the Insured Project and who do not carry out any installation or construction work on the Insured Project (ii) security protection firms providing site protection during construction of the Insured Project (3) Any partner, officer, director, employee or shareholder of the Insured described in (1) and (2) above and then only fo r liability directly related to the Insured Project (4) Each person, firm, corporation or municipality for whom the Named Insured has contracted to do work in the same manner and to the same extent as if a separate policy had been issued to each, provided that this shall only apply where the terms of any such contract require the Named Insured to maintain insurance for the benefit of such person, firm, corporation or municipality and then only with respect to liability which arises out of the operations of the Insured described in (1) and (2) above in connection with the Insured Project (5) Other entities for whom the Insured described in (1) and (2) above have contracted to provide insurance, including owners of p roperty leased to the them, where the terms of the agreement require them to provide insurance on behalf of the owner, but only with respect to liability which arise s out of the operations in connection with the Insured Project (6) Each person, firm, corporation or municipality for whom the Named Insured has contracted to do work in the same manner and to the same extent as if a separate policy had been issued to each, provided that this shall only apply where the terms of any such contract require the Named Insured to maintain insurance for the benefit of such person, firm, corporation or municipality and then only with respect to liability which arises out of the operations of the Insured described in (1) and (2) above in connection with the Insured Project (7) Other entities for whom the Insured described in (1) and (2) above have contracted to provide insurance, includ...
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PERSONS INSURED. (1) Each of the following is an Insured under this insurance to the extent set forth below: if the Named Insured is designated in the declarations as an individual, the person so designated but only with respect to the conduct of a business of which he is the sole proprietor; (2) if the Named Insured is designated in the declarations as a partnership or joint venture, the partnership or joint venture so designated and any partner or member thereof but only with respect to his liability as such: (3) if the Named Insured is designated in the declarations as other than an individual, partnership or joint venture, the organization so designated and any executive officer, director or stockholder thereof while acting within the scope of his duties as such; (4) employees of the Named Insured while acting within the scope of their duties as such: (5) any person or organization while acting as real estate manager for the Named Insured. This insurance does not apply to property damage arising out of the conduct of any partnership or joint venture of which the Insured is a partner or member and which is not designated in this policy as a Named Insured.
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PERSONS INSURED. Except as otherwise expressly provided herein, no person shall have any rights under this policy other than the Named Insured. The Named Insured represents to insurer that it is the sole mortgagee under the Loan Documents. In the event Named Insured assigns its interest in the Loan Documents to any other person, the Named Insured shall cease to be an insured under this policy and the assignee shall become the Named Insured under this Policy effective upon Insurer's receipt of a copy of the assignment certified by the assignor to be a true and correct copy of the assignment.
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PERSONS INSURED. All policies of insurance required to be maintained by Right At School under this Agreement shall be written to cover the School District, as an Additional Insured, and such policy or policies (and the appropriate additional insured endorsement) shall be deposited with the School District prior to the commencement date hereof. Such policies shall contain the consent of the insurer that the policies will not be terminated, cancelled or amended unless the insurer shall first have given ten (10) days prior written notice thereof to the School District.
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PERSONS INSURED. The Insured is the individual(s) specified on item 1 of the Declarations as Named Insured.
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PERSONS INSURED 
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Related to PERSONS INSURED

  • Errors and Omissions Insurance Errors and Omissions Insurance to be maintained by the Servicer in accordance with Section 3.13.

  • Fidelity Bond and Errors and Omissions Insurance The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac seller-servicer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer or Trustee a copy of each such bond and insurance policy if (i) the Master Servicer or Trustee so requests and (ii) the Servicer is not an affiliate of ▇▇▇▇▇▇ Brothers Inc. at the time of such request.

  • Errors and Omissions Insurance Policy An errors and omissions insurance policy to be maintained by the Company pursuant to Section 4.12.

  • Errors and Omissions Insurance; Fidelity Bonds The Master Servicer shall for so long as it acts as master servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Master Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of FNMA or FHLMC for persons performing servicing for mortgage loans purchased by FNMA or FHLMC. In the event that any such policy or bond ceases to be in effect, the Master Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

  • Professional Liability (Errors and Omissions) Insurance Limits shall not be less than the following: (a) For Projects with a budgeted construction cost of more than $30,000,000: i. For Design Professionals – $3,000,000 per claim and $4,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $2,000,000 per claim and $3,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $2,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (b) For Projects with a budgeted construction cost of $20,000,000 up to $30,000,000: i. For Design Professionals – $2,000,000 per claim and $3,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $1,000,000 per claim and $2,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $1,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (c) For Projects with a budgeted construction cost of less than $20,000,000: i. For Design Professionals – $1,000,000 per claim and $1,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $1,000,000 per claim and $1,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $1,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (d) The Design Professional shall maintain professional liability insurance that shall be either a practice policy or project-specific coverage. Professional liability insurance shall contain prior acts coverage for services performed by the Design Professional for this Project. If project-specific coverage is used, these requirements shall be continued in effect for three years following the issuance of the Certificate of Final Completion for the Project.