Required Insurance Clause Samples
The Required Insurance clause mandates that one or both parties to a contract must obtain and maintain specific types and amounts of insurance coverage throughout the duration of the agreement. Typically, this clause outlines the minimum coverage limits, the types of insurance needed—such as general liability, workers’ compensation, or professional liability—and may require proof of insurance in the form of certificates. Its core function is to allocate risk and ensure that adequate financial protection is in place to cover potential losses or liabilities arising from the contractual relationship.
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Required Insurance. The HSP will put into effect and maintain, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all necessary and appropriate insurance that a prudent person in the business of the HSP would maintain, including, but not limited to, the following at its own expense: Commercial General Liability Insurance, for third party bodily injury, personal injury and property damage to an inclusive limit of not less than 2 million dollars per occurrence and not less than 2 million dollars products and completed operations aggregate. The policy will include the following clauses:
a. The Indemnified Parties as additional insureds;
b. Contractual Liability;
c. Cross-Liability;
Required Insurance. The HSP will put into effect and maintain, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person in the business of the HSP would maintain including, but not limited to, the following at its own expense.
Required Insurance. Contractor, at its expense, shall maintain in full force and effect the insurance coverages set forth in Exhibit C – Insurance Requirements. All costs for insurance, including any payments of deductible amounts, shall be considered incidental to and included in the prices for Services and no additional payment shall be made to Contractor.
Required Insurance. During the Term of this Master Contract, Contractor, at its expense, shall maintain in full force and effect the insurance coverages set forth in Exhibit C – Insurance Requirements.
Required Insurance. The Hospital will put into effect and maintain, for the term of this Agreement, at its own expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person in the business of the Hospital would maintain including the following:
Required Insurance. Consultant must procure and maintain, during the period of performance of Required Services under this Agreement, and for twelve months after completion of Required Services, the policies of insurance described on the attached Exhibit B, incorporated into the Agreement by this reference (the “Required Insurance”). The Required Insurance shall also comply with all other terms of this Section.
Required Insurance. Landlord shall maintain insurance against loss or damage with respect to the Building on an “all risk” or equivalent type insurance form, with customary exceptions, subject to such deductibles and self insured retentions as Landlord may determine, in an amount equal to at least the replacement value of the Building. Landlord shall also maintain such insurance with respect to any improvements, alterations, and fixtures of Tenant located at the Premises to the extent paid for by Landlord. The cost of such insurance shall be treated as a part of Landlord’s Operating Expenses. Payment for losses thereunder shall be made solely to Landlord.
Required Insurance. Contractor shall be required to procure, at its sole cost and expense, all insurance required by this Contract. In addition, Contractors shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of any Contract resulting from this solicitation, policies of insurance required by this Contract. All insurance shall be written by companies licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York and which have an A.M. Best Company rating of “A-” Class “VII” or better. If, during the term of a policy, a carrier’s rating falls below “A-” Class “VII”, the insurance must be replaced no later than the renewal date of the policy with an insurer licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York and which is rated at least “A-” Class “VII” or better in the most recently published Best’s Insurance Report. Vendor and Contractors shall deliver to OGS evidence of such policies in a form acceptable to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. Acceptance and/or approval by OGS does not, and shall not be construed to, relieve Vendor or Contractors of any obligations, responsibilities or liabilities under this solicitation or any Contract resulting from this solicitation.
Required Insurance. Trustor, at Trustor's sole expense, shall at all times provide, maintain and keep in force the following policies of insurance:
(a) insurance against loss or damage to the Mortgaged Property by fire and all other risks of physical loss covered by insurance of the type now known as "all risk," with difference in conditions coverage, in an amount not less than the full replacement cost of the Mortgaged Property (without deduction for depreciation), including the cost of debris removal, and such endorsements as Beneficiary may reasonably require, including the "Replacement Cost Endorsement"; boiler and machinery insurance covering pressure vessels, air tanks, boilers, machinery, pressure piping, heating, ventilation and air conditioning equipment, and elevator and escalator equipment, provided the Mortgaged Property contains equipment of such nature and insurance against loss of occupancy or use arising from any breakdown of any such items, in such amounts as Beneficiary may reasonably determine; and plate glass insurance in such amounts as Beneficiary may reasonably determine if the Mortgaged Property contains plate glass.
(b) commercial general liability insurance against claims for personal injury, bodily injury, death or property damage occurring upon, in or about the Mortgaged Property, such insurance (i) to be on the so-called "occurrence" form with a combined single limit of not less than five million dollars ($5,000,000); (ii) to continue this limit until required to be changed by Beneficiary in writing by reason of changed economic conditions making this protection inadequate; and (iii) to cover at least the following hazards: premises and operations; products and completed operations on an "if any" basis; independent contractors; blanket contractual liability for all written and oral contracts; and contractual liability covering the indemnities contained in this Deed of Trust to the extent available.
(c) at all times during which Trustor has any employees, workers' compe nsation insurance, subject to the statutory limits of the State of Colorado, and employer's liability insurance with a limit of at least one million dollars ($1,000,000) per accident and per disease per employee, and one million dollars ($1,000,000) for disease aggregate in respect of any work or operations on or about the Mortgaged Property or in connection with the Mortgaged Property or its operations (if applicable).
(d) such other insurance as may from time to time be reasonably...
Required Insurance. Contractor/Service Provider must procure and maintain, during the period of performance of Required Services under this Agreement, and for twelve months after completion of Required Services, the policies of insurance described on the attached Exhibit B, incorporated into the Agreement by this reference (the “Required Insurance”). The Required Insurance shall also comply with all other terms of this Section.