Professional Services Liability Sample Clauses

Professional Services Liability. The CMR shall furnish evidence by way of a certificate of insurance that it has obtained a professional services liability insurance policy with Three Million Dollars ($3,000,000.00) each occurrence and annual aggregate minimum coverage for negligence and errors and/or omissions including rectification and mitigation coverage. If any claims are paid against its professional services liability insurance policy, the CMR agrees to purchase additional insurance in order to maintain the minimum coverage of Three Million Dollars ($3,000,000.00). The insurance shall remain in effect during the entire duration of this contract and for Six (6) years after Substantial Completion of the project. For policies written on a “Claims Made” basis, the CMR agrees to maintain a retroactive date prior to or equal to the effective date of the Agreement. The CMR’s policy shall provide that it shall defend, indemnify and save harmless the State and its officers, agents and employees from claims, suits, actions, damages and costs of every name and description resulting from negligence and errors and/or omissions in the Work performed by the CMR under the terms of this contract.

Professional Services Liability. The Insurer will pay on behalf of the Insured, Loss resulting from a Claim first made during the Policy Period or Extended Reporting Period (if exercised), by or on behalf of a customer of the Company for a Wrongful Professional Services Act.

Professional Services Liability. The Consultant shall carry a professional services liability insurance policy for errors and omissions for the minimum amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00).

Professional Services Liability. The Consultant shall maintain Professional Services Liability Insurance for errors and omissions· in the amongst stated in the Special Provisions. This insurance shall be obtained by the Consultant and shall remain in force from the date when the Consultant affixes his/her Registered Professional Engineer's stamp to the Contract documents to the date when all construction work designed under this Contract is completed, unless this Contract is terminated as herein provided, or until it is determined by the Engineer that construction has advanced to the stage where errors in design cannot further affect said construction.