Common use of Self-Assumption Clause in Contracts

Self-Assumption. Any self-insured retention, deductibles, and exclusions in coverage in the policies required under clause 17 (Seller’s Insurance) shall be assumed by, for the account of, and at the sole risk of Seller or the Subcontractor that provides the insurance and, to the extent applicable, shall be paid by such Seller or Subcontractor. In no event shall the liability of Seller or any Subcontractor be limited to the extent of any of the minimum limits of insurance required under clause 17 (Seller’s Insurance).

Self-Assumption. Any self-insured retention, deductibles, and exclusions in coverage in the policies required under clause 17 Section 18 (Seller’s Insurance) shall be assumed by, for the account of, and at the sole risk of Seller or the Subcontractor that provides the insurance and, to the extent applicable, shall be paid by such Seller or Subcontractor. In no event shall the liability of Seller or any Subcontractor be limited to the extent of any of the minimum limits of insurance required under clause 17 Section 18 (Seller’s Insurance).