Procured Insurance Sample Clauses
The 'Procured Insurance' clause requires one party to obtain and maintain specific insurance coverage as stipulated in the agreement. Typically, this clause outlines the types and minimum amounts of insurance required, such as general liability or property insurance, and may require the insured party to provide proof of coverage to the other party. Its core function is to allocate risk and ensure that adequate financial protection is in place in case of loss, damage, or liability arising from the contractual relationship.
Procured Insurance. All insurance coverage must be provided by an insurance company or companies licensed or approved to do business in the State of Maine by the Maine Bureau of Insurance. Consultant and Sub-consultant(s) shall pay all premiums and take all other actions necessary to keep required insurances in effect during such times as Contract obligations exist. Certificates of Insurance shall be provided to the Authority upon execution of a Contract or stand-alone Contract and on an annual basis thereafter. A Consultant may request a waiver for insurances that may not be applicable for the work to be performed; these requests shall be submitted to the Authority.
Procured Insurance. All insurance coverage must be provided by an insurance company or companies licensed or approved to do business in the State of Maine by the Maine Bureau of Insurance. Consultants and Sub-consultant(s) shall pay all premiums and take all other actions necessary to keep required insurances in effect during such times as GCA and/or Project Contract obligations exist. Certificates of Insurance shall be provided to the CPO upon execution of a GCA or stand-alone Project Contract and on an annual basis thereafter. A Consultant may request a waiver for insurances that may not be applicable for the work to be performed; these requests shall be submitted to the CPO using MaineDOT’s Request for Insurance Waiver Form. MaineDOT shall be listed as an additional insured on Commercial General Liability insurance policies carried by both the Consultant and Sub-Consultant(s) that are applicable to the Project. Nothing in these General Conditions constitutes a waiver of any defense, immunity or limitation of liability that may be available to MaineDOT, or its officers, agents or employees, under the Maine Tort Claims Act (Title 14 M.R.S.A. 8101 et. seq.), and shall not constitute a waiver of other privileges or immunities that may be available to MaineDOT.
Procured Insurance. All insurance coverage must be provided by an insurance company or companies licensed or approved to do business in the State of Maine by the Maine Bureau of Insurance. Consultants and Sub-consultant(s) shall pay all premiums and take all other actions necessary to keep required insurances in effect during such times as Agreement obligations exist. All policies should contain a revised cancellation clause allowing thirty (30) days’ notice to MaineDOT in the event of cancellation for any reason, including nonpayment. The requirement that the Consultant procure and maintain insurance is a material term of this Agreement, the breach of which constitutes a default under the Agreement. A Consultant may request a waiver for insurances that may not be applicable for the work to be performed; these requests shall be submitted to the CPO using MaineDOT’s Request for Insurance Waiver Form. MaineDOT shall be listed as an additional insured on Commercial General Liability insurance policies carried by both the Consultant and Sub-Consultant(s) that are applicable to the Project. Nothing in these General Conditions constitutes a waiver of any defense, immunity or limitation of liability that may be available to MaineDOT, or its officers, agents or employees, under the Maine Tort Claims Act (Title 14 M.R.S.A. 8101 et. seq.) or a waiver of any other privileges or immunities that may be available to MaineDOT. MaineDOT will not grant the Consultant, or any of their subconsultants, “Additional Insured” status and MaineDOT will not grant any Provider a “Waiver of Subrogation”.
Procured Insurance. All insurance coverage must be provided by an insurance company or companies licensed or approved to do business in the State of Maine by the Maine Bureau of Insurance. Consultant and Sub-consultant(s) shall pay all premiums and take all other actions necessary to keep required insurances in effect during such times as the ▇▇▇▇ and/or Airport Project Contract obligations exist. Certificates of Insurance shall be provided to the Sponsor upon execution of an ▇▇▇▇ or Stand-Alone Airport Project Contract and on an annual basis thereafter. A Consultant may request a waiver for insurances that may not be applicable for the work to be performed; these requests shall be submitted to the Sponsor’s Request for Insurance Waiver Form.
Procured Insurance. All insurance coverage must be provided by an insurance company or companies licensed or approved to do business in the State of Maine by the Maine Bureau of Insurance. Consultant and Sub-consultant(s) shall pay all premiums and take all other actions necessary to keep required insurances in effect during such times as Contract obligations exist. Certificates of Insurance shall be provided to the Authority upon execution of a Contract or stand-alone Contract and on an annual basis thereafter. The maximum deductible for any type of insurance required shall not exceed $10,000.00. . However, the Authority may increase the maximum deductible, at the request of the Consultant, A Consultant may request a waiver for insurances that may not be applicable for the work to be performed; these requests shall be submitted to the Authority.