Common use of Umbrella/Excess Liability Insurance Clause in Contracts

Umbrella/Excess Liability Insurance. CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the CM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate CM@Risk shall maintain these Umbrella/Excess Liability coverage limits through the two-year CM@Risk’s warranty period specified herein for CM@Risk.

Appears in 4 contracts

Samples: www.asu.edu, in.nau.edu, www.asu.edu

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Umbrella/Excess Liability Insurance. CM@Risk Contractor shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the CM@RiskContractor’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate CM@Risk Contractor shall maintain these Umbrella/Excess Liability coverage limits through Final Completion for Contractor and cause its Subcontractors engaged in the performance of services under this Agreement to do the same. Contractor shall maintain coverage through the two-year CM@Risk’s full warranty period specified herein for CM@RiskContractor and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.

Appears in 4 contracts

Samples: Form Agreement, in.nau.edu, www.asu.edu

Umbrella/Excess Liability Insurance. CM@Risk Design-Builder shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the CM@RiskDesign-Builder’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 10M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate CM@Risk Design-Builder shall maintain these Umbrella/Excess Liability coverage limits through Final Completion for Design-Builder and all Subcontractors engaged in the performance of services under this Agreement. Design-Builder shall maintain coverage through the two-year CM@Risk’s full warranty period specified herein for CM@RiskDesign-Builder and all Subcontractors that perform services at the project site after Final Completion, during the two-year full warranty period.

Appears in 2 contracts

Samples: Agreement, Agreement

Umbrella/Excess Liability Insurance. CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the CM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate CM@Risk CM@ Risk shall maintain these Umbrella/Excess Liability coverage limits through Final Completion for CM@Risk and all Subcontractors engaged in the performance of services under this Agreement. CM@Risk shall maintain coverage through the two-year CM@Risk’s full warranty period specified herein for CM@RiskCM@Risk and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.

Appears in 1 contract

Samples: Risk Agreement

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Umbrella/Excess Liability Insurance. CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the CM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate CM@Risk shall maintain these Umbrella/Excess Liability coverage limits through Final Completion for CM@Risk and cause its Subcontractors engaged in the performance of services under this Agreement to do the same. CM@Risk shall maintain coverage through the two-year CM@Risk’s full warranty period specified herein for CM@RiskCM@Risk and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.

Appears in 1 contract

Samples: Northern Arizona University

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