Coverage Types. (choose all that apply)
Coverage Types. This requires a report on the dollar amounts for the “Combined Single Limit: Bodily + Property Damage,” “Personal Liability Injury,” “Aggregate For Products-Completed Operations,” and “General Aggregate” If the Subcontractor must maintain “Vehicle Liability Insurance” then xxxx the second check box. This requires the minimum dollar amount required on the insurance policy reported on the blank space provided. Xxxx the third check box if the Subcontractor must maintain “Excess Liability Insurance.” If so, then record the minimum amount the Subcontractor must have on the policy using the blank line after the dollar sign. If an “Additional Insurance Requirement” must be met, then xxxx the fourth check box. If this statement is marked make sure that both parties are fully aware of the conditions of its contents. 6 – This Agreement Requires Some Legal Definitions At times, a misunderstanding or a dispute may arise between Contractor and Subcontractor. This paperwork will address this scenario in “XIII. Resolution Of Disputes.” If both parties must agree to “Binding Arbitration” to settle a dispute, then xxxx the first check box. If both must agree to a “Non-Binding Arbitration” process, then xxxx the second checkbox. If, instead, they must abide to a “Mediation” process then xxxx the third check box and indicate if they must enter “Binding Arbitration” or “Litigation” to settle the matter. Now, in the fourteenth article (“XIV. Termination”), we will need to supply some details on the manner this agreement will terminate. If this agreement must terminate only upon the successful completion of the terms documented and neither the Contractor nor the Subcontractor may terminate the agreement earlier than this, then xxxx the check box labeled “No Rights To Terminate.” If only the Contractor has the ability terminate this agreement prematurely then xxxx the check box attached to the label “Contractor Only Has The Option To Terminate.” Make sure to provide the number of business days the Contractor must give before the official termination as notice on the blank line after the words “… With At Least.” Also, make sure to record the percentage “… Of The Actual Cost Of The Completed Work” the Subcontractor may expect from the Contractor as compensation for overhead and profit. If only the Subcontractor will have the right to terminate this agreement, then xxxx the third check box (labeled “Subcontractor Only Has The Option To Terminate”). This description will require the...
Coverage Types. Throughout the Term, Service Provider will maintain in full force and effect, at its sole cost, the following insurance in the following forms. Owner must approve any exceptions to these requirements in advance. ● Commercial general liability, including blanket contractual liability coverage covering the indemnification obligations under the Agreement; with limits of not less than $1,000,000 each occurrence; $2,000,000 general aggregate; $2,000,000 products/completed operations aggregate; $1,000,000 personal & advertising injury; broad form property damage coverage. Self-insured retention or deductible, including costs of defense, may not exceed $50,000. ● Professional liability (errors and omissions): $1,000,000 per occurrence/aggregate. ● Automobile liability: including coverage for owned (if any), hired, and non-owned vehicles, with bodily injury and property damage combined single limits of not less than $1,000,000 each accident. ● A $5,000,000 umbrella liability policy with the commercial general liability, auto liability and employers liability, if applicable, scheduled as underlying insurance policies. ● Workers’ compensation and employers’ liability in compliance with applicable federal and state laws; including employers’ liability with limits in the amount, if any, required by law but in no event less than $1,000,000 bodily injury for each accident; $1,000,000 bodily injury by disease for each employee; $1,000,000 bodily injury disease aggregate. ● Employment practices liability with a third-party liability endorsement, with limits of not less than $1,000,000 per claim and annual aggregate. ● Crime insurance including Third Party coverage $1,000,000. ● Insurance required by Lender, if any.
Coverage Types. ☐ - General Liability Insurance: Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:
Coverage Types. Amounts and Premiums as stated in the above referenced policy, a copy of which Purchaser acknowledges receipt prior to Closing (Liability Insurance Only and No Property Insurance Coverage for above named insureds) ● Commercial Umbrella Liability Policy
Coverage Types. (1) Commercial General Liability: ImmunoGen shall maintain commercial general liability coverage (including contractual liability and personal advertising coverage) for limits no less than $[***] per occurrence and $[***] in the aggregate. The policy form will be an “occurrence” form. If claims made, ImmunoGen shall maintain coverage including completed operations for a minimum of [***] ([***]) years following termination or completion of the Services.
