Common use of Policies Required Clause in Contracts

Policies Required. Prior to the commencement of any work, and at all times during the term of this Agreement, Licensee shall obtain and maintain continuously, at its own expense a policy, or policies of insurance with insurance companies rated A- VII or better by A.M. Best, as enumerated below. Any significant deductible, self-insured retention or coverage via captive must be disclosed and is subject to approval by District’s Risk Manager. The cost of any claim payments falling within the deductible or self-insured retention shall be the responsibility of the Licensee and not recoverable under any part of this Agreement.

Policies Required. Prior to the commencement of any work, and at all times during the term of this Agreement, Licensee shall obtain and maintain continuously, at its own expense a policy, or policies of insurance with insurance companies rated A- VII or better by A.M. BestX.X. Xxxx, as enumerated below. Any significant deductible, self-insured retention or coverage via captive must be disclosed and is subject to approval by DistrictXxxxx XXX’s Risk Manager. The cost of any claim payments falling within the deductible or self-insured retention shall be the responsibility of the Licensee and not recoverable under any part of this Agreement.

Policies Required. Prior to the commencement of any work, and at all times during the term of this Agreement, Licensee shall obtain and maintain continuously, at its own expense a policy, or policies of insurance with insurance companies rated A- A‐ VII or better by A.M. Best, as enumerated below. Any significant deductible, self-insured self‐insured retention or coverage via captive must be disclosed and is subject to approval by District’s Risk Manager. The cost of any claim payments falling within the deductible or self-insured self‐insured retention shall be the responsibility of the Licensee and not recoverable under any part of this Agreement.