Common use of Professional Errors and Omissions Liability Clause in Contracts

Professional Errors and Omissions Liability. The Architect/Engineer promises and agrees to maintain in full force and effect an Errors and Omissions Professional Liability Insurance Policy in the amounts (indicated in the following table) as minimum coverage or such other minimum coverage as determined by the Principal Representative and approved by the State Buildings Program. The policy, including claims made forms, shall remain in effect for the duration of this Agreement and for at least three years beyond the completion and acceptance of the Work. The Architect/Engineer shall be responsible for all claims, damages, losses or expenses, including attorney's fees, arising out of or resulting from the performance of Professional Services contemplated in this Agreement, provided that any such claim, damage, loss or expense is caused by any negligent act, error or omission of the Architect/Engineer, any consultant or associate thereof, or anyone directly or indirectly employed by Architect/ Engineer. The Architect/Engineer shall submit a Certificate of Insurance verifying said coverage at the signing of this Agreement and also any notices of Renewals of said policy as they occur. For a Fixed Limit of Construction Cost Minimum Coverage per Claim Minimum Coverage in the Aggregate $999,999 and under $250,000 $500,000 $1,000,000 to $4,999,999 $500,000 $1,000,000 $5,000,000 to $19,999,999 $1,000,000 $2,000,000 $20,000,000 and Above $2,000,000 $2,000,000

Professional Errors and Omissions Liability. The Architect/Engineer promises and agrees to maintain in full force and effect an Errors and Omissions Professional Liability Insurance Policy in the amounts (indicated in the following table) as minimum coverage or such other minimum coverage as determined by the Principal Representative and approved by the State Buildings ProgramPrograms. The policy, including claims made forms, shall remain in effect for the duration of this Agreement and for at least three years beyond the completion and acceptance of the Work. The Architect/Engineer shall be responsible for all claims, damages, losses or expenses, including attorney's fees, arising out of or resulting from the performance of Professional Services contemplated in this Agreement, provided that any such claim, damage, loss or expense is caused by any negligent act, error or omission of the Architect/Engineer, any consultant or associate thereof, or anyone directly or indirectly employed by Architect/ Engineer. The Architect/Engineer shall submit a Certificate of Insurance verifying said coverage at the signing of this Agreement and also any notices of Renewals of said policy as they occur. For a Fixed Limit of Construction Cost Minimum Coverage per Claim Minimum Coverage in the Aggregate $999,999 and under $250,000 $500,000 $1,000,000 to $4,999,999 $500,000 $1,000,000 $5,000,000 to $19,999,999 $1,000,000 $2,000,000 $20,000,000 and Above $2,000,000 $2,000,000