Common use of Liability and Worker’s Compensation Insurance Clause in Contracts

Liability and Worker’s Compensation Insurance. The Borrower shall obtain and maintain during the term of the Loan public liability and property damage insurance in such amounts, with insurance companies, and upon policy forms reasonably acceptable to and reasonably approved by the Lender. The Borrower shall obtain and maintain during the term of the Loan, worker's compensation insurance, in such amounts, with insurance companies, and in forms reasonably acceptable to and reasonably approved by the Lender. The Borrower, on request, shall supply the Lender with copies of the liability and worker's compensation insurance policies and receipts evidencing the payment of premiums due thereon or, alternatively, certificates from the insurance companies certifying to the existence of policies, summarizing the terms of the policies, and indicating the payment of premiums due thereon.

Liability and Worker’s Compensation Insurance. The Borrower shall obtain and maintain during the term of the Loan public liability and property damage insurance in such amounts, with insurance companies, and upon policy forms reasonably acceptable to and reasonably approved by the LenderBank. The Borrower shall obtain and maintain during the term of the Loan, worker's Loan workers' compensation insurance, in such amounts, with insurance companies, and in forms reasonably acceptable to and reasonably approved by the LenderBank. The Borrower, on request, shall supply the Lender Bank with copies of the liability and worker's compensation insurance policies and receipts evidencing the payment of premiums due thereon or, alternatively, certificates from the insurance companies certifying to the existence of policies, summarizing the terms of the policies, and indicating the payment of premiums due thereon.