Professional Errors and Omissions Liability. $1,000,000 per claim with an aggregate limit of not less than $2,000,000. Any self-retained limit shall not be greater than $25,000 per occurrence/event without County’s Risk Manager’s approval. Coverage shall include contractual liability coverage. If policy contain one or more aggregate limit, a minimum of 50% of any such aggregate limit must remain available at all times; if over 50% of any such aggregate limit has been paid or reserved, County will require additional coverage to be purchased by Consultant to restore the required limits. This coverage shall be maintained for a minimum of two years following termination of completion of Consultant’s work pursuant to the Contract.
Appears in 2 contracts
Sources: Grant Agreement, Grant Agreement