Common use of Provider Insurance Clause in Contracts

Provider Insurance. During the term of this Agreement, Provider will maintain the insurance coverages specified in the INSURANCE SCHEDULE in amounts no less than the coverage amounts set forth on the INSURANCE SCHEDULE. Except for workers' compensation insurance and errors and omissions insurance, Company shall be named as an additional insured on all such required policies, and as such the carriers shall undertake to provide at least [***]* prior written notice of cancellation or modification of such policies. No such cancellation, modification or change shall affect Provider's obligation to maintain the insurance coverages required by this Agreement. The coverage afforded under any insurance policy obtained by Provider pursuant to this Agreement shall be primary coverage regardless of whether or not Company has similar coverage. Provider and its contractors and subcontractors shall not perform under this Agreement without the prerequisite insurance. Upon Company's request, Provider shall provide Company with certificates of such insurance including renewals thereof. The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and excess or umbrella insurance policies. If Provider or its contractors or subcontractors shall fail to comply with any of the insurance requirements herein, upon written notice to Provider by Company and a [***]* cure period, Company may, without any obligation to do so, procure such insurance and Provider shall pay Company the cost thereof plus a reasonable administrative fee as designated by Company. The maintenance of the insurance coverages required under this Agreement shall in no way operate to limit the liability of Provider to Company under the provisions of this Agreement. The Parties do not intend to shift all risk of loss to insurance. The naming of Company as additional insured is not intended to be a limitation of Provider's liability and shall in no event be deemed to, or serve to, limit Provider's liability to Company to available insurance coverage or to the policy limits specified in this Section 17.1, nor to limit Company's rights to exercise any and all remedies available to Company under contract, at law or in equity.

Appears in 6 contracts

Samples: Systems Services Agreement (Exult Inc), Human Resources Services Agreement (Exult Inc), Systems Services Agreement (Exult Inc)

AutoNDA by SimpleDocs

Provider Insurance. During the term of this Agreement, Provider will maintain insurance in accordance with industry practice, providing sufficient coverage for Provider’s liabilities under the insurance coverages specified Agreement, including the coverage types and amounts specifically provided for in the INSURANCE SCHEDULE in amounts no less than the coverage amounts set forth on the INSURANCE SCHEDULEInsurance Schedule. Except for workers' compensation All such policies of insurance of Provider and errors its contractors and omissions insurance, Company subcontractors shall be named as an additional insured on all such required policies, and as such the carriers shall undertake to provide at least [***]* prior written notice of cancellation or modification in accordance with the policy provisions; and Provider will provide Company with prompt Notice of any such policiescancellation. No such cancellation, modification or change cancellation shall affect Provider's ’s obligation to maintain the insurance coverages required by this Agreement. Company shall be named as an additional insured on the Commercial General Liability, Comprehensive Automobile Liability and Umbrella policies. The coverage Company shall be named as a Loss Payee as their interests may appear, in respect to the Employee Dishonesty and Corporate Fraud policy. However, losses otherwise payable to Company thereunder shall be reduced by fifty percent (50%) in the event any covered losses result from collusion between the employees of both Provider and Company. The Coverage afforded under any insurance policy obtained by Provider pursuant to this Agreement shall be primary coverage regardless of whether or not Company has similar coverage. Provider and its contractors and subcontractors shall not perform under this Agreement without the prerequisite insurance. Upon Company's ’s request, Provider shall provide Company with certificates of such insurance including renewals thereofrenewals, as requested. Unless previously agreed to in writing by Company, Provider shall require its contractors and subcontractors to maintain insurance appropriate to their activities under this Agreement. The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and excess or umbrella insurance policies. If Provider or any of its contractors or subcontractors shall fail to comply maintain insurance policies with any of the insurance requirements hereinlimits provided in this Section 17.1 and the Insurance Schedule, upon written notice Notice to Provider by Company and a [***]* 10 day cure period, Company may, without any obligation to do so, procure such similar insurance to meet the limits specified under this Section 17.1and the Insurance Schedule, and Provider shall pay Company the cost thereof plus a reasonable administrative fee as designated by Companythereof. The maintenance of the insurance coverages required under this Agreement shall in no way operate to limit or expand the liability of Provider to Company under the provisions of this Agreement. The Parties do not intend to shift all risk of loss to insurance. The naming of Company as additional insured is not intended to be a limitation nor an expansion of Provider's ’s liability and shall in no event be deemed to, or serve to, limit Provider's ’s liability to Company to available insurance coverage or to the policy limits specified in this Section 17.1, nor to limit Company's ’s rights to exercise any and all remedies available to Company under contract, at law or in equity. All such insurance as required above shall be maintained by Provider for the life of the Agreement, so long as the coverages are commercially available.

Appears in 1 contract

Samples: Confidential Treatment (Sabre Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.