Loss Deductible Clause definition

Loss Deductible Clause. The County shall be exempt from, and in no way liable for, any sums of money that may represent a deductible in any insurance policy. The payment of such deductible shall be the sole responsibility of the Contractor and/or sub-consultant providing such insurance. The Contractor shall promptly remedy damage and loss to property caused in whole or in part by the Contractor, its subcontractors of every tier, anyone directly or indirectly employed by any of them, or anyone for whose acts they may be liable. Required insurance shall be documented in certificates of insurance. If required by the County, certificates of insurance shall be accompanied by documentation that is acceptable to the County establishing that the insurance agent and/or agency issuing the certificate of insurance has been duly authorized, in writing, to do so by and on behalf of each insurance company underwriting the insurance coverages(s) indicated on each certificate of insurance. New certificates of insurance are to be provided to the County at least 30 days prior to coverage renewals. Failure of the contractor to provide the County with such renewal certificates may be considered justification for the County to terminatethis agreement, contract, or lease. Certificates should contain the following additional information: • Indicate that Escambia County is an additional insured on the general liability policy. • Include a reference to the project and the Office of Purchasing number. • Disclose any self-insured retentions more than $1,000. • Designate Escambia County as the certificate holder as follows: Escambia County Attention: Purchasing Manager Office of Purchasing 000 Xxxxx Xxxxxxx Xxxxx, 2nd Floor Pensacola, FL 32502 Fax (000) 000-0000 • Indicate that the County shall be notified at least 30 days in advance of cancellation. Receipt of certificates or other documentation of insurance or policies or copies of policies by the County, or by any of its representatives, which indicate less coverage than required does not constitute a waiver of the contractor’s obligation to fulfill the insurance requirements herein. If requested by the County, the contractor shall furnish complete copies of the contractor’s insurance policies, forms, and endorsements, and/or such additional information with respect to its insurance as may be requested. For commercial general liability coverage, the contractor shall, at the option of the County, provide an indication of the amount of claims payments or r...
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Examples of Loss Deductible Clause in a sentence

  • Loss Deductible Clause: The CCSB shall be exempt from, and in no way liable for, any sums of money that may represent a deductible in any insurance policy.

Related to Loss Deductible Clause

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Ultimate Net Loss as used herein is defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Deemer clause means a provision under this title under which upon the

  • Loss Price means the loss component of the Locational Marginal Price, which is the effect on transmission loss costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource based on the effect of increased generation from or consumption by the resource on transmission losses, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.