VRC’s Coverage Clause Samples
The "VRC’s Coverage" clause defines the scope and extent of insurance or protection provided by VRC under the agreement. It typically outlines what types of risks, losses, or liabilities are covered, any applicable limits, and the circumstances under which coverage applies. For example, it may specify whether property damage, personal injury, or third-party claims are included, and detail any exclusions or conditions. The core function of this clause is to clearly delineate the boundaries of VRC’s responsibility, ensuring all parties understand what is and is not protected, thereby reducing ambiguity and potential disputes.
VRC’s Coverage. During the term of this Agreement, VRC shall maintain general liability insurance sufficient to cover any liabilities arising from VRC’s obligations under this Agreement, in amounts of at least one million dollars per occurrence ($1,000,000) and three million dollars ($3,000,000) in the aggregate.