PROFESSIONAL ERRORS AND OMISSIONS. Contractor shall maintain, during the term of this contract, Professional Errors and Omissions Insurance in the minimum amount of $1,000,000.00
PROFESSIONAL ERRORS AND OMISSIONS. Liability insurance covering liability for errors, omission or negligence by its employees, or agents in the performance of services for the Servicing Company; and
PROFESSIONAL ERRORS AND OMISSIONS. Consultant shall obtain, at Consultant’s expense, and keep in effect during the term of this contract, Professional Liability Insurance covering damages caused by an error, omission or any negligent acts. The limit per claim shall not be less than $2,000,000. Annual aggregate limit shall not be less than $2,000,000. If such insurance is written on a claims-made basis, the Consultant agrees that such policy shall have an extended reporting or discovery “tail” period, or be renewed for a period of not less than (i) two years from substantial completion of the project or abandonment of for claims that are known or in the exercise of reasonable care should have been known, and (ii) ten years after substantial completion for latent defects. Such policy shall have a retroactive date effective before the commencement of any work by the Consultant.
PROFESSIONAL ERRORS AND OMISSIONS. Professional Errors and Omissions (also known as Professional Indemnity outside the USA) covering the activities of SP, with coverage limits of not less than [**] Dollars per claim or per occurrence/[**] Dollars aggregate ($[**]). Policy may be placed either on an “occurrence” basis or on a “claims made” basis, with full prior acts coverage for claims arising out of services rendered from the initial commencement of Services through the end of the MSA. Continuity of coverage must be maintained for, [**] years after the completion of the Services. If SP will have access to GE’s IT systems or GE Data, coverage must also include loss of, mishandling of data containing private or confidential information of GE or others for which GE is responsible; and failure to prevent unauthorized access to, or use of, GE’s systems or data.
PROFESSIONAL ERRORS AND OMISSIONS. For any losses that arise from any error, omission or other malpractice in the exercise of CONSULTANT’S professional judgment, CONSULTANT shall defend, indemnify, and hold the PORT harmless from all such losses to the extent caused, or alleged to be caused, by any negligent act or omission of CONSULTANT. The obligation of indemnity under this Subparagraph does, however, not extend to losses caused by the negligence (whether sole, concurrent or contributory) of the PORT.
PROFESSIONAL ERRORS AND OMISSIONS. (If performing environmental consulting) Not less than $1,000,000 per Occ./$2,000,000 Aggr. (5 yr discovery tail cover). Certificate of Insurance, only required.
PROFESSIONAL ERRORS AND OMISSIONS. (a) As of the issuance of NTP1, the Development Entity shall carry or cause to be carried Professional Liability insurance providing protection from claims arising from acts, errors or omissions arising from design, engineering, surveying, inspection and related work undertaken in connection with the Project. If another Person is providing the coverage, the Development Entity shall be named as an insured or carry separate coverage.
PROFESSIONAL ERRORS AND OMISSIONS. 9.1.1.9 Delayed opening coverage, for protection regarding payments on the IFA Bonds
PROFESSIONAL ERRORS AND OMISSIONS. Provider shall provide City with evidence of professional errors and omissions liability insurance for the protection of Provider and its employees, insuring against bodily injury and property damage and arising out of or resulting from Provider's negligent acts, omissions, activities or services, in an amount not less than $2,000,000 combined single limit per occurrence. Such insurance shall be endorsed to include contractual liability.
PROFESSIONAL ERRORS AND OMISSIONS. RPF must require its professional 356 service providers to carry insurance meeting all requirements set forth in Section 4 of this 357 358 359 360 361 362 363 3.14 364 365 366 367 368 369 3.15 370 371 372 373 374 375 376 377 378 3.16 379 380 381 382 383 384 385 386 3.17 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 Agreement. In addition, RPF must require its professional service providers to carry professional liability errors and omissions insurance in an amount of not less than $1,000,000 per claim/aggregate. RPF must require its professional service providers to provide copies of all insurance certificates or insurance policies to King County upon request. SUBCONTRACTORS. RPF will require its construction contractors during the Design and Construction Phase to include all subcontractors as insured under its policies or will furnish separate certificates and endorsements for each subcontractor. All coverage for subcontractors will be subject to all of the same insurance requirements as stated herein for the construction contractor. INSURANCE COVERAGE TYPE AND DURATION. Each insurance policy must be written on an "occurrence" form; except that insurance on a "claims made" form may be acceptable with prior approval by the King County Office of Risk Management. If coverage is approved and purchased on a "claims made" basis, RPF warrants continuation of coverage, either through policy renewals or the purchase of an extended discovery period, if such extended coverage is available, for not less than three years from the date of contract termination or expiration, and/or conversion from a "claims made" form to an "occurrence" coverage form. VERIFICATION OF COVERAGE. RPF will furnish Parks with original certificates and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the commercial general liability insurance of the construction contractor before commencement of the work. Before any exposure to loss may occur, RPF will file with Parks a copy of the builder's risk insurance policy that includes all applicable conditions, exclusions, definitions, terms, and endorsements related to work under this Agreement.
