Common use of Practice’s Insurance Clause in Contracts

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s statute of repose (or if no statute of repose exists, the Commonwealth’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s statute of repose (or if no statute of repose exists, the Commonwealth’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in and Clinical Personnel the provision of Practice retains to provide Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals Professional and Clinical Personnel shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Three Million Dollars ($1,000,0003,000,000) annual aggregate; provided, however, that with Business Manager Consent, which shall not be unreasonably withheld or delayed, the Practice may from time-to-time change such liability coverage amounts to amounts which are consistent with industry standards. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. The Practice hereby releases Business Manager from any and all liability for losses or damages caused by any act or neglect of Business Manager occurring after the effective date hereof to the extent that such losses or damages are covered by insurance; provided, however, that such release shall not apply to any loss or damage caused by the willful, wanton, or premeditated negligence of Business Manager. The Practice shall obtain from any insurance company issuing the foregoing policies its consent to the release from liability contained in this Section. The Practice shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and obtain the consent of such insurer or insurers to provide prior written notice to Business Manager equal to notice given to a Professional of the cancellation or proposed cancellation of such insurance for any cause. Such insurance policies shall be issued by a carrier or carriers having a current rating of not less than "A" as rated by A.M. Best Company, unless Business Manager agrees in writing to the purchase of a policy or policies from a carrier having a lesser rating than "A". The Local Advisory Council may, from time-to-time, select a different commercial carrier or carriers for such workers' compensation and professional and general liability coverage upon the establishment of a program affecting substantially all practice groups within the market in which the Practice is located for which Business Manager provides management services, which decision shall be binding upon the Practice. After such election of a single carrier or carriers by the Local Advisory Council, the costs of such coverage shall continue to be treated as a Practice Expense. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice ophthalmology or optometry, the Practice shall obtain and maintain as a Practice Shareholder Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage. Except as determined by the Local Advisory Council, the professional liability insurance carrier shall not be replaced or changed without Practice Consent and Business Manager Consent.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Retail Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s statute of repose (or if no statute of repose exists, the Commonwealth’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s statute of repose (or if no statute of repose exists, the Commonwealth’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s Arizona's statute of repose (or if no statute of repose exists, the Commonwealth’s Arizona's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s Arizona's statute of repose (or if no statute of repose exists, the Commonwealth’s Arizona's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, --------------------- obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s Georgia's statute of repose (or if no statute of repose exists, the Commonwealth’s Georgia's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s Georgia's statute of repose (or if no statute of repose exists, the Commonwealth’s Georgia's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Retail Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s each Practice Area's statute of repose (or if no statute of repose exists, the Commonwealth’s each Practice Area's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s each Practice Area's statute of repose (or if no statute of repose exists, the Commonwealth’s each Practice Area's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care ServicesServices and the Professional Business Manager shall be a named insured on such policies. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section 4.5 for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.. The Shareholder shall be responsible for paying all premiums for Shareholder "tail" insurance coverage and such coverage shall be a Shareholder Expense;

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s each Practice Area's statute of repose (or if no statute of repose exists, the Commonwealth’s each Practice Area's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s each Practice Area's statute of repose (or if no statute of repose exists, the Commonwealth’s each Practice Area's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s 's statute of repose (or if no statute of repose exists, the Commonwealth’s 's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s 's statute of repose (or if no statute of repose exists, the Commonwealth’s Commonwealth statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the CommonwealthGeorgia’s statute of repose (or if no statute of repose exists, the CommonwealthGeorgia’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the CommonwealthGeorgia’s statute of repose (or if no statute of repose exists, the CommonwealthGeorgia’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice Business Manager shall, as a Practice --------------------- Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s Arizona's statute of repose (or if no statute of repose exists, the Commonwealth’s Arizona's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s Arizona's statute of repose (or if no statute of repose exists, the Commonwealth’s Arizona's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, --------------------- obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s Louisiana's statute of repose (or if no statute of repose exists, the Commonwealth’s Louisiana's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s Louisiana's statute of repose (or if no statute of repose exists, the Commonwealth’s Louisiana's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Retail Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealtheach Practice Area’s statute of repose (or if no statute of repose exists, the Commonwealtheach Practice Area’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealtheach Practice Area’s statute of repose (or if no statute of repose exists, the Commonwealtheach Practice Area’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice Business Manager shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Three Million Dollars ($1,000,0003,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the CommonwealthArizona’s statute of repose (or if no statute of repose exists, the CommonwealthArizona’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the CommonwealthArizona’s statute of repose (or if no statute of repose exists, the CommonwealthArizona’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder President “tail” insurance coverage and such coverage shall be a Practice President Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ compensation coverage for the Practice’s employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealtheach Practice Area’s statute of repose (or if no statute of repose exists, the Commonwealtheach Practice Area’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “tail” professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealtheach Practice Area’s statute of repose (or if no statute of repose exists, the Commonwealtheach Practice Area’s statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “tail” insurance coverage and such coverage shall be a Practice Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “tail” insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in the provision of Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Million Dollars ($1,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. Upon the termination of this Professional Retail Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s 's statute of repose (or if no statute of repose exists, the Commonwealth’s 's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10)) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s 's statute of repose (or if no statute of repose exists, the Commonwealth’s 's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10)) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage.

Practice’s Insurance. The Practice shall, as a Practice Expense, obtain and maintain with commercial carriers chosen by the Practice appropriate workers’ ' compensation coverage for the Practice’s 's employed personnel, if any, and professional and comprehensive general liability insurance covering the Practice and each of the Professionals involved in and Clinical Personnel the provision of Practice retains to provide Professional Eye Care Services. The comprehensive general liability coverage with respect to each of the Professionals Professional and Clinical Personnel shall be in the minimum amount of One Million Dollars ($1,000,000) and professional liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and One Three Million Dollars ($1,000,0003,000,000) annual aggregate; provided, however, that with Business Manager Consent, which shall not be unreasonably withheld or delayed, the Practice may from time-to-time change such liability coverage amounts to amounts which are consistent with industry standards. The insurance policy or policies shall provide for at least thirty (30) days’ ' advance written notice to the Practice from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause. The Practice hereby releases Business Manager from any and all liability for losses or damages caused by any act or neglect of Business Manager occurring after the effective date hereof to the extent that such losses or damages are covered by insurance; provided, however, that such release shall not apply to any loss or damage caused by the willful, wanton, or premeditated negligence of Business Manager. The Practice shall obtain from any insurance company issuing the foregoing policies its consent to the release from liability contained in this Section. The Practice shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and obtain the consent of such insurer or insurers to provide prior written notice to Business Manager equal to notice given to a Professional of the cancellation or proposed cancellation of such insurance for any cause. Such insurance policies shall be issued by a carrier or carriers having a current rating of not less than "A" as rated by A.M. Best Company, unless Business Manager agrees in writing to the purchase of a policy or policies from a carrier having a lesser rating than "A". The Local Advisory Council may, from time-to-time, select a different commercial carrier or carriers for such workers' compensation and professional and general liability coverage upon the establishment of a program affecting substantially all practice groups within the market in which the Practice is located for which Business Manager provides management services, which decision shall be binding upon the Practice. Upon the termination of this Professional Business Management Agreement for any reason, the Practice shall continue to carry professional liability insurance in the amounts specified herein for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years after termination; or if the Practice dissolves or ceases to practice optometry, the Practice shall obtain and maintain as a Practice Shareholder Expense “"tail” " professional liability coverage, in the amounts specified in this Section for the shorter period of (i) the period set forth in the Commonwealth’s State's statute of repose (or if no statute of repose exists, the Commonwealth’s State's statute of limitations) for bringing professional malpractice claims based upon injuries which are not immediately discoverable plus any applicable tolling periods, or (ii) ten (10) years. The Practice shall be responsible for paying all premiums for Shareholder “"tail” " insurance coverage and such coverage shall be a Practice Shareholder Expense; provided, however, that the Practice may cause its Professionals to be responsible for paying the premiums for such “"tail” " insurance coverage. Except as determined by the Local Advisory Council, the professional liability insurance carrier shall not be replaced or changed without Practice Consent and Business Manager Consent.