Common use of Umbrella/Excess Liability Insurance Clause in Contracts

Umbrella/Excess Liability Insurance. Contractor shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the Contractor’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate Contractor shall maintain Umbrella/Excess Liability coverage through Final Completion for Contractor and cause its Subcontractors engaged in the performance of services under this Agreement to do the same. Contractor shall maintain coverage through the full warranty period specified herein for Contractor and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.

Umbrella/Excess Liability Insurance. Contractor CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the ContractorCM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate Contractor CM@Risk shall maintain these Umbrella/Excess Liability coverage through Final Completion for Contractor and cause its Subcontractors engaged in the performance of services under this Agreement to do the same. Contractor shall maintain coverage limits through the full two-year CM@Risk’s warranty period specified herein for Contractor and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty periodCM@Risk.

Umbrella/Excess Liability Insurance. Contractor Design-Builder shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the ContractorDesign-Builder’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 10M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate Contractor Design-Builder shall maintain Umbrella/Excess Liability coverage through Final Completion for Contractor Design-Builder and cause its all Subcontractors engaged in the performance of services under this Agreement to do the sameAgreement. Contractor Design-Builder shall maintain coverage through the two-year full warranty period specified herein for Contractor Design-Builder and all Subcontractors that perform services at the Project Site project site after Final Completion, during the two-year full warranty period.

Umbrella/Excess Liability Insurance. Contractor CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the ContractorCM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate Contractor CM@Risk shall maintain Umbrella/Excess Liability coverage through Final Completion for Contractor CM@Risk and cause its Subcontractors engaged in the performance of services under this Agreement to do the same. Contractor CM@Risk shall maintain coverage through the full warranty period specified herein for Contractor CM@Risk and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.

Umbrella/Excess Liability Insurance. Contractor CM@Risk shall procure and maintain Umbrella/Excess insurance covering General, Automobile and Employers Liability in excess of scheduled primary limits, with minimum policy limits as reflected in the table below. The Umbrella/Excess insurance policy shall include a drop-down provision. In the event of the depletion or exhaustion of the ContractorCM@Risk’s underlying policy aggregate(s) by payment of loss, the umbrella/excess policy shall continue for subsequent losses as follows: In the event of such depletion, it shall continue for subsequent losses as excess insurance over the amount of insurance remaining under the underlying insurance, subject to the policy limits. In the event of such exhaustion it shall continue for subsequent losses as primary insurance excess of any retention specified in the excess policies. Total Project Budget Required Excess/Umbrella Limits $0 - $2 M $0 $2M - $10 M $2M per occurrence, $2M aggregate $10M - $25M $5M per occurrence, $5M aggregate $25M - $100M $10M per occurrence, $10M aggregate Greater than $100M $25M per occurrence, $25M aggregate Contractor CM@ Risk shall maintain Umbrella/Excess Liability coverage through Final Completion for Contractor CM@Risk and cause its all Subcontractors engaged in the performance of services under this Agreement to do the sameAgreement. Contractor CM@Risk shall maintain coverage through the full warranty period specified herein for Contractor CM@Risk and all Subcontractors that perform services at the Project Site after Final Completion, during the full warranty period.