Liability Limits means the limit of liability shown in the policy of the insured for coverage of Bodily Injury or Property Damage as the result of a motor vehicle accident.
Liability Limits. One Event or Two? Did the September 11 terrorist attacks on the World Trade Center constitute one loss or two? The resolution to this question is far from simple. Controversy surrounding this issue illustrates the ambiguities inherent in some business insurance contracts. When the two hijacked airplanes struck the World Trade Center towers on the morning of September 11, 2001, the insurance and reinsurance contracts for the property were still under binder agreements. Thus, the wording of the binder agreements became the central issue of this case. At the time of the attacks, real estate executive Xxxxx X. Xxxxxxxxxxx’x company had only recently acquired a ninety-nine-year lease on the World Trade Center and had not yet finalized insurance coverage, which provided up to $3.5 billion in property and liability damage per occurrence. With policies of such size, which have large reinsurance requirements, it is not uncommon for the final policies not to be in place when the insured begins operations. The United Kingdom-based reinsurer Swiss Re had agreed to underwrite 22 percent of coverage on the property once the loss exceeded $10 million, translating into $3.5 billion per occurrence in this case. After the attacks, Swiss Re argued that its preliminary agreement with the lessee defined occurrence as “all losses or damages that are attributable directly or indirectly to one cause or one series of similar causes” and that “all such losses will be added together and the total amount of such losses will be treated as one occurrence irrespective of the period of time or area over which such losses occur.” Xxxxxxxxxxx, however, argued that each of the airplane crashes was a separate occurrence and his company was due more than $7 billion for the two attacks. The fuzziness of the language has been very problematic. This led to two opposing verdicts in separate court cases. In Phase I, the insurers prevailed. In Phase II, Xxxxxxxxxxx did. The first jury found that “the form used by broker Xxxxxx Group Holdings Ltd., rather than a rival form used by Travelers or other forms, and that the Xxxxxx form, known as WilProp 2000, had specific language that defined what happened to the World Trade Center as a single occurrence.” Under this WilProp form, occurrence means “all losses or damages that are attributable directly or indirectly to one cause or to one series of similar causes. All such losses are added together and the total amount of such losses is treated as one occ...
Liability Limits has the meaning set forth in Section 7.5.
Examples of Liability Limits in a sentence
Automobile Liability: Limits of at least: $ 1,000,000 CSL per Accident a.
Workers’ Compensation - Employers Liability Limits shall be at least $100,000 per occurrence and for occupational disease.
Workers’ Compensation, in statutory amounts, with Employers’ Liability Limits not less than one million dollars ($1,000,000) each accident, injury, or illness.
Thirty day notice of cancellation, except ten-day cancellation clause will apply for nonpayment of premium.** Required Coverages:1) Worker's Compensation and Employer's Liability: Limits of Liability:Bodily Injury by Accident: $100,000 each accident Bodily Injury by Disease: $500,000 policy limit Bodily Injury by Disease: $100,000 each employeeOklahoma Statute requires Worker's Compensation coverage for anyone with one(1) or more employees.
Any applicable deductible is the responsibility of the Contractor.2. Automobile Liability: Limits of at least:$ 1,000,000 CSL per Accidenta.
More Definitions of Liability Limits
Liability Limits. While bicycle lockers provide an additional level of security over regular bicycle racks, they are not guaranteed against theft or damage. The City of Burlington is not responsible for any damages to any items left in t he locker resulting from any cause. You are responsible for ensuring the locker is properly secured.
Liability Limits. $ Bodily Injury: $ Property Damage: $ Certificate naming of Xxxx Xxx, First United Methodist Church, as additional named insured enclosed with this contract? yes no. ***If no, please explain (i.e. already on file at Xxxx Xxx) : -------------------------------------------------------------------------------------------------------------------------------------------- Xxxx Xxx requires that the User Group must have each camper’s name, address, parent(s) name(s) and addresses, and home and emergency telephone numbers with them on-site. The User Group is also required to have medical treatment authorization forms (containing health insurance and any other medically relevant information) signed by a parent for each camper. User group is responsible for first aid, CPR and emergency care. User Group is responsible to maintain an emergency vehicle at camp at all times. One emergency vehicle may remain outside of each cabin. Xxxx Xxx does not allow smoking except in designated areas. Xxxx Xxx rules must be presented to campers prior to arrival and no one is allowed to leave the parking area without a Xxxx Xxx staff-led orientation of rules. I, THE ADULT IN CHARGE, HAVE BEEN DULY AUTHORIZED BY OUR CHURCH/USER GROUP TO SIGN THIS CONTRACT AND TO AGREE TO ITS TERMS. WE/I ASSUME FULL RESPONSIBILITY FOR OUR GROUP’S PROGRAMS AND ACTIONS WHILE AT XXXX XXX. Date: Signed: (User Group Representative) OFFICE USE ONLY
Liability Limits. $ Bodily Injury: $ Property Damage: $ Certificate naming Xxxx Xxx/First United Methodist Church as additional named insured enclosed with this contract? Yes No. ***If no, please explain (i.e. already on file at Xxxx Xxx): -------------------------------------------------------------------------------------------------------------------------------------------- Xxxx Xxx requires that the User Group must have each camper’s name, address, parent(s) name(s) and addresses, and home and emergency telephone numbers with them on-site. The User Group is also required to have medical treatment authorization forms (containing health insurance and any other medically relevant information) signed by a parent for each camper. User group is responsible for first aid, CPR and emergency care. User group must store and lock all medications (both prescription and over-the-counter) when not administering them. User Group is responsible to maintain an emergency vehicle at camp at all times. One emergency vehicle may remain outside of each cabin. Xxxx Xxx does not allow smoking except in designated areas. Xxxx Xxx rules must be presented to campers prior to arrival, and no one is allowed to leave the parking area without a Xxxx Xxx staff-led orientation.
Liability Limits means maximum limits of liability including all applicable taxes.
Liability Limits. Bodily Injury: _ Property Damage _ (Please attach the Certificate of Insurance naming the City of Xxxxxxx as an “Additional Named Insured”.)
Liability Limits. $ Bodily Injury: $ Property Damage: $ Certificate naming Xxxx Xxx/First United Methodist Church as additional named insured enclosed with this contract? Yes No. ***If no, please explain (i.e. already on file at Xxxx Xxx): ----------------------------------------------------------------------------- --------------------------------------------------------------- Xxxx Xxx requires that the User Group must have each camper’s name, address, parent(s) name(s) and addresses, and home and emergency telephone numbers with them on-site. The User Group is also required to have medical treatment authorization forms (containing health insurance and any other medically relevant information) signed by a parent for each camper. User group is responsible for first aid, CPR and emergency care. User group must store and lock all medications (both prescription and over-the-counter) when not administering them. User Group is responsible to maintain an emergency vehicle at camp at all times. One emergency vehicle may remain outside of each cabin. I, THE ADULT IN CHARGE, HAVE BEEN DULY AUTHORIZED BY OUR CHURCH/USER GROUP TO SIGN THIS CONTRACT AND TO AGREE TO ITS TERMS. WE/I ASSUME FULL RESPONSIBILITY FOR OUR GROUP’S PROGRAMS AND ACTIONS WHILE AT XXXX XXX.
Liability Limits. Not less than $500,000,000 combined single limit each occurrence, but in the aggregate as respects Products & Completed Operations Liability. "On Airport" automobile liability limit is not less than $25,000,000 each occurrence. 3. Such coverage as is afforded by policies in 1 and 2 above: a. Include Kalitta, its member, officers, directors, employees and agen ts as "Additional Insureds"; and b. Are primary and without right of contribution from any insuranc e available to Kalitta; and c. Shall not be invalidated by any act or omission of Customer or any other person or entity and shall continue to insure the interests of the "Additional Insureds" regardless of any breach of any warranty, condition or exclusion contained in the policies; and, d. Such coverage as is provided by the policies applies to the liabilities assumed by the Named Insured in the maintenance agreement between the Named Insured and Kalitta dated ______; and e. Contain cross liability and severability of interest clauses.