Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.
Insurance and Bonding. 16.1 The Sub-Recipient shall provide continuous adequate liability insurance coverage during the existence of this contract and any renewal(s) and extension(s) of it. By execution of this contract, unless it is a state agency or subdivision as defined by Section 768.28(2), F.S., the Sub-Recipient accepts full responsibility for identifying and determining the type(s) and extent of liability insurance coverage necessary to provide reasonable financial protections for the Sub-Recipient and the clients to be served under this contract. The limits of coverage under each policy maintained by the Sub-Recipient do not limit the Sub-Recipient’s liability and obligations under this contract. The Sub-Recipient shall ensure that the AAAPP has the most current written verification of insurance coverage throughout the term of this contract. Such coverage may be provided by a self-insurance program established and operating under the laws of the State of Florida. The AAAPP reserves the right to require additional insurance as specified in this contract.
Insurance and Bonding. The Service Provider agrees to maintain comprehensive general liability coverage with limits of not less than five million dollars. Such insurance coverage shall be issued by a qualified insurance carrier with a Best’s rating of at least “A.” If specifically requested, the Service Provider shall furnish to MBSC certificates of insurance evidencing such coverage and naming MBSC and the Funds as additional insureds. The Service Provider will carry a fidelity bond covering themselves, and each of their employees and authorized agents, issued by a qualified insurance carrier with a Best’s rating of at least “A.” The Service Provider will provide to MBSC certificates of insurance evidencing such coverage.
Insurance and Bonding. 18.1 The Contractor shall provide continuous adequate liability insurance coverage during the existence of this contract and any renewal(s) and extension(s) of it. By execution of this contract, unless it is a state agency or subdivision as defined by Section 768.28(2), F.S., the Contractor accepts full responsibility for identifying and determining the type(s) and extent of liability insurance coverage necessary to provide reasonable financial protections for the Contractor and the clients to be served under this contract. The limits of coverage under each policy maintained by the Contractor do not limit the Contractor’s liability and obligations under this contract. The Contractor shall ensure that the Agency has the most current written verification of insurance coverage throughout the term of this contract. Such coverage may be provided by a self-insurance program established and operating under the laws of the State of Florida. The Agency reserves the right to require additional insurance as specified in this contract.
Insurance and Bonding i. The Governing Board shall obtain and maintain insurance at a minimum in the following amounts:
Insurance and Bonding. A. Sub-grantee agrees to provide general liability insurance coverage relative hereto in the minimum amount of $500,000 for bodily injury and property damage. Sub-grantee shall also secure insurance in amounts sufficient to reimburse Sub-grantee for damage to any property purchased with state or federal funds.
Insurance and Bonding. The Subrecipient will carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud, and/or undue physical damage, and as a minimum will purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Local Government. The Subrecipient shall obtain and maintain at its own expense insurance policies for general liability insurance and professional liability insurance from commercial insurance companies licensed to transact insurance in the State of Georgia in an amount not less than one million dollars ($1,000,000) per claim and three million dollars ($3,000,000) in the aggregate per year for each such policy and shall, upon request, provide the Local Government a copy of the certificates of insurance as evidence of such coverage which lists the Local Government as an additional named insured. If the Subrecipient changes insurance carriers or has the coverage described herein decreased or terminated, such party will notify in writing the Local Government at least thirty (30) days prior to the expiration or termination of the current coverage.
Insurance and Bonding. Sub-recipient agrees to provide general liability insurance coverage relative hereto in the minimum amount of $500,000 for bodily injury and property damage. Sub-recipient shall also secure insurance in amounts sufficient to reimburse Sub-recipient for damage to any property purchased with state or federal funds. If Sub-recipient is a department or division of the State of Indiana, or of a county, municipal, or local government, the foregoing insurance coverages shall not be required; however, Sub-recipient may elect to provide such coverages. Sub-recipient agrees to provide Workers’ Compensation and Unemployment Compensation as required by law. Sub-recipient must provide CAA with Certificates of Insurance that illustrate the types of coverage, limits of liability, and expiration dates of Sub-recipient’s policies. Sub-recipient shall provide a bond or insurance coverage for all persons who will be handling funds or property received or disbursed as a result of this Agreement, or who may carry out the duties specified in this Agreement, in an amount equal to one-half of the total annual funding provided to Sub-recipient through CAA or $250,000, whichever is less, to be effective for the period of this Agreement plus three (3) years for purposes of discovery. Sub-recipient’s coverage must provide protection against losses resulting from criminal acts and wrongful and negligent performance of the duties specified herein and specify CAA as an obligee or additional insured. Sub-recipient shall immediately notify CAA if said bond or insurance is canceled or modified in amount. In the event of cancellation, CAA shall make no further disbursements until certification is provided by a bonding or insurance company that the provisions set forth in this section have been satisfied. In the event such verification is not received by CAA within ten (10) days of the notice of cancellation, Sub-recipient agrees to return to CAA the balance of all monies paid to Sub-recipient by CAA under this Agreement.
Insurance and Bonding. The Borrower shall carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the County Board. The Borrower shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48,
Insurance and Bonding. 9.1 NICTD shall develop, or shall engage an insurance consultant to develop, for the review and approval of IFA and RDA, an insurance program for the Rail Projects and for the South Shore Line after completion of each Rail Project. NICTD’s proposed insurance program shall be delivered to IFA and RDA by no later than fifteen (15) days prior to the issuance of any Request for Proposal that is related to construction or other work to be performed on-site for either of the Rail Projects.
