Common use of Professional Liability (Errors & Omissions Clause in Contracts

Professional Liability (Errors & Omissions. Design Professional shall provide the Owner with proof of coverage for Professional Liability/Errors & Omissions insurance covering any damages caused by any negligent error, omission, or any act for the Project, its plans, drawings, specifications or project manual, and all related work product of the Design Professional. The policy may be either a practice based policy or a policy pertaining to the specific Project. Professional Liability insurance to be provided shall have limits of not less than $3,000,000 each claim, incident or occurrence and $3,000,000 annual aggregate. Design Professional shall ensure that each of its major Consultants and subcontractors (including structural, civil, mechanical, plumbing, electrical engineering, survey, geotechnical and materials testing) secures and maintains Professional Liability/Errors & Omissions with limits not less than $2,000,000 each claim, incident or occurrence and $2,000,000 annual aggregate. All other Consultants and subcontractors not listed above shall have limits not less than $1,000,000 each claim, incident or occurrence and $1,000,000 annual aggregate.

Appears in 3 contracts

Samples: Professional's Agreement, Design Professional's Agreement, Design Professional's Agreement

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Professional Liability (Errors & Omissions. Design Professional Consultant shall provide the Owner with proof of coverage for Professional Liability/Errors & Omissions insurance covering any damages caused by any negligent error, omission, or any act for the Project, its plans, drawings, specifications or project manual, and all related work product of the Design ProfessionalConsultant. The policy may be either a practice based policy or a policy pertaining to the specific Project. Professional Liability insurance to be provided shall have limits of not less than $3,000,000 each claim, incident or occurrence and $3,000,000 annual aggregate. Design Professional Consultant shall ensure that each of its major Sub-Consultants and subcontractors (including structural, civil, mechanical, plumbing, electrical engineering, survey, geotechnical and materials testing) secures and maintains Professional Liability/Errors & Omissions with limits not less than $2,000,000 each claim, incident or occurrence and $2,000,000 annual aggregate. All other Sub-Consultants and subcontractors not listed above shall have limits not less than $1,000,000 each claim, incident or occurrence and $1,000,000 annual aggregate.

Appears in 3 contracts

Samples: Consultant's Agreement, Consultant's Agreement, Consultant's Agreement

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Professional Liability (Errors & Omissions. Design Professional Consultant shall provide the Owner with proof of coverage for Professional Liability/Errors & Omissions insurance covering any damages caused by any negligent error, omission, or any act for the Project, its plans, drawings, specifications or project manual, and all related work product of the Design ProfessionalConsultant. The policy may be either a practice based policy or a policy pertaining to the specific Project. Professional Liability insurance to be provided shall have limits of not less than $3,000,000 each claim, incident or occurrence and $3,000,000 annual aggregate. Design Professional Consultant shall ensure that each of its major Consultants sub-consultants and subcontractors (including structural, civil, mechanical, plumbing, electrical engineering, survey, geotechnical and materials testing) secures and maintains Professional Liability/Errors & Omissions with limits not less than $2,000,000 each claim, incident or occurrence and $2,000,000 annual aggregate. All other Consultants sub-consultants and subcontractors not listed above shall have limits not less than $1,000,000 each claim, incident or occurrence and $1,000,000 annual aggregate.

Appears in 2 contracts

Samples: Consultant's Agreement, Consultant's Agreement

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