Common use of Umbrella Policy Clause in Contracts

Umbrella Policy. An Umbrella or Excess Liability insurance policy may be used to supplement the Contractor’s primary policy limits to satisfy the full policy limits required by the Contract. The Board of Trustees of the Minnesota State Colleges and Universities and its officers and members, to include the Project’s College or University, the State of Minnesota, officers and employees of the State of Minnesota, named as an Additional Insured, to the fullest extent permitted by law, for claims arising out of the Contractor’s negligence or the negligence of those for whom the Contractor is responsible for both ongoing and completed operations.