Types and Amounts of Insurance Required. Unless otherwise requested by the Agency in writing, the Contractor shall cause to be issued insurance coverages insuring the Contractor and/or subcontractors against all general liabilities, product liability, personal injury, property damage, and (where applicable) professional liability in the amount specified on the Contract Declarations and Execution Page for each occurrence. In addition, the Contractor shall ensure it has any necessary workers’ compensation and employer liability insurance as required by Iowa law.
Types and Amounts of Insurance Required. Contractor shall obtain and continuously maintain in effect at all times during the term hereof, at Contractor’s sole expense, insurance coverage as follows with limits not less than those set forth below:
Types and Amounts of Insurance Required. Provider shall obtain and continuously maintain in effect at all times during the term hereof, at Provider’s sole expense, insurance coverage as follows with limits not less than those set forth below:
Types and Amounts of Insurance Required. Unless otherwise requested by the County in writing, the Contractor shall cause to be issued insurance coverages insuring the Contractor and/or subcontractors against all general liabilities, product liability, personal injury, property damage, and (where applicable) professional liability in the amount specified below:
Types and Amounts of Insurance Required. Tenant shall obtain and continuously maintain in effect at all times during the term hereof, at Tenant’s sole expense, insurance coverages on a primary basis, non-contributory with any other insurance coverage, as follows with limits not less than those set forth below:
Types and Amounts of Insurance Required. Unless otherwise requested by the Agency in writing, Subcontractor shall cause to be issued insurance coverages insuring the Subcontractor and/or subcontractors against all general liabilities, product liability, personal injury, property damage, and (where applicable) professional liability in the amount specified below for each occurrence. In addition, Subcontractor shall ensure it has any necessary workers’ compensation and employer liability insurance as required by Iowa law. Subcontractor shall obtain the following types of insurance for at least the minimum amounts listed below: Type of Insurance Limit Amount General Liability (including contractual liability) written on occurrence basis General Aggregate Product/CompletedOperations Aggregate Personal Injury Each Occurrence $2 Million $1 Million $1 Million $1 Million Automobile Liability (including any auto, hired autos, and non-owned autos) Combined Single Limit $1 Million Excess Liability, Umbrella Form Each Occurrence Aggregate $1 Million $1 Million Workers’ Compensation and Employer Liability As required by Iowa law As Required by Iowa law Property Damage Each Occurrence Aggregate $1 Million $1 Million Professional Liability Each Occurrence Aggregate $2 Million $2 Million
Types and Amounts of Insurance Required. Unless otherwise requested by the Agency in writing, the Contractor shall cause to be issued the insurance coverages set forth below: TYPE OF INSURANCE LIMIT AMOUNT General Liability (including contractual liability) written on an occurrence basis General Aggregate Product Completed Operations Aggregate Personal Injury Each Occurrence $2 Million $1 Million $1 Million $1 Million Automobile Liability (including any auto, hired autos, and non-owned autos) Combined Single Limit $1 Million Excess Liability, Umbrella Form Each Occurrence Aggregate $1 Million $1 Million Workers Compensation and Employer Liability As required by Iowa law As required by Iowa law Property Damage Each Occurrence Aggregate $1 Million $1 Million The amount of insurance that should be required is a policy decision based upon the type of services being provided and the risks posed by the services being provided. The higher the risk, the higher the policy limits. The table above provides an example only. You should modify the insurance requirements to meet the needs of your particular contract. The table above provides a brief description of the coverage provided under each type of insurance. If a particular type of insurance is not applicable to the contract, the specific language can be deleted from the contract. If the contract is with a professional, professional liability insurance should be included. Depending upon the nature of services, a project specific professional liability insurance policy should be considered. Project specific insurance coverage provides insurance dedicated solely to the particular project and avoids the problems associated with depleted insurance limits. General liability insurance policy limits can be depleted by other claims resulting in no insurance proceeds for other claims. Policy specific insurance solves this problem by having the policy dedicated solely to a particular project. ALTERNATIVE CLAUSE: Additionally, you may want to require an extended discovery period for the project specific insurance. An extended discovery period is designed to address the claims-made nature of professional liability insurance. Sample language is set forth below: “The Contractor shall procure and maintain a project specific professional liability insurance policy dedicated solely to the Project. Said insurance shall provide $ in coverage and a year extended discovery period following completion of the Project.“
Types and Amounts of Insurance Required. Unless otherwise requested by the Agency in writing, the Contractor shall cause to be issued insurance coverages insuring the Contractor and/or subcontractors against all general liabilities, product liability, personal injury, property damage, and (where applicable) professional liability. In addition, the Contractor shall ensure it has any necessary workers’ compensation and employer liability insurance as required by Iowa law. Type of Insurance Limit Amount General Liability (including contractual liability) written on an occurrence basis General Aggregate Products – Comp/Op Aggregate Personal injury Each Occurrence $2 million $1 Million $1 Million $1 Million Automobile Liability (including contractual liability) written on an occurrence basis Combined single limit $1 Million Excess Liability, umbrella form Each Occurrence Aggregate $1 Million $1 Million Errors and Omissions Insurance Each Occurrence $1 Million Property Damage Each Occurrence Aggregate $1 Million $1 Million Workers Compensation and Employer Liability As Required by Iowa law As required by Iowa law
Types and Amounts of Insurance Required. Unless otherwise requested by IPERS in writing, shall cause to be issued insurance coverages insuring and/or subcontractors against all general liabilities, product liability, personal injury, property damage, and (where applicable) professional liability in the amount specified on the Contract Declarations and Execution Page for each occurrence. In addition, shall ensure it has any necessary workers’ compensation and employer liability insurance as required by law.
