Developer’s Insurance Sample Clauses
The Developer’s Insurance clause requires the developer to obtain and maintain specific types of insurance coverage during the course of a project. Typically, this includes general liability, professional indemnity, and sometimes workers’ compensation insurance, with minimum coverage amounts and proof of insurance provided to the client. This clause ensures that financial risks associated with accidents, errors, or omissions are mitigated, protecting both the developer and the client from potential losses or liabilities arising from the developer’s work.
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Developer’s Insurance. Without limiting Agency’s right to indemnification, Developer shall secure prior to commencing any activities under this Agreement, and maintain while the Purchase Price Loan is outstanding, insurance coverage as set forth in this Section 601.
Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as
Developer’s Insurance. Developer shall comply, and shall require its Subcontractors to comply, with all insurance requirements as indicated in Exhibit D-1.
Developer’s Insurance. Developer shall comply with the insurance requirements as indicated in the Facilities Lease.
Developer’s Insurance. Developer shall comply with the insurance requirements as indicated here and in Exhibit D-1, if applicable.
Developer’s Insurance. Developer shall provide the following insurance coverages at all times during the Term and furnish a certificate of insurance to CRA evidencing:
(a) Worker’s Compensation insurance coverage in accordance with Florida statutory requirements.
(b) Employers’ Liability insurance coverage with limits of $500,000 for bodily injury by accident per accident/$500,000 for bodily injury by disease per employee/$500,000 for bodily injury by disease policy limit.
(c) Commercial general liability insurance coverage with limits of no less than $1,000,000 per occurrence and $2,000,000 in the aggregate, which policy shall include coverage of the contractual liabilities contained in this Agreement.
(d) Business Auto Liability including hired and non-owned auto coverage with minimum limits of $1,000,000 combined single limit.
(e) Builder’s risk insurance (including flood insurance) during any period of construction of improvements upon the Property insuring such improvements against all casualties on a progressively insured basis for not less than 100% of the replacement cost.
(f) Umbrella/excess liability insurance coverage, with limits of no less than $5,000,000 per occurrence and $5,000,000 in the aggregate. The certificate shall provide that CRA will be given at least thirty (30) days prior written notice of cancellation of the policy. The cost of the Developer’s insurance shall be included in the Pre-Development Budget and Development Budget as a Project expense.
Developer’s Insurance. Developer has in force, and during the term of this Agreement shall maintain in force with the minimum indicated limits, the following insurance: Commercial General Liability insurance:
Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies,
Developer’s Insurance. The Developer shall obtain, and keep in full force and effect until the completion of the Project, builders risk insurance in the amount of $ 10 million, naming as insured the Developer, DDA, ELBRA and the City, as their interests may appear from time to time.
Developer’s Insurance. Developer shall cause its General Contractor to maintain the following insurance coverages at all times during the Term and furnish a certificate of insurance to CRA evidencing:
(a) Worker’s Compensation insurance coverage in accordance with Florida statutory requirements.
(b) Employers’ Liability insurance coverage with limits of $500,000 for bodily injury by accident per accident/$500,000 for bodily injury by disease per employee/$500,000 for bodily injury by disease policy limit.
(c) Commercial general liability insurance coverage with limits of no less than $1,000,000 per occurrence and $2,000,000 in the aggregate, which policy shall include coverage of the contractual liabilities contained in this Agreement.
(d) Business Auto Liability including hired and non-owned auto coverage with minimum limits of $1,000,000 combined single limit.
(e) Builder’s risk insurance (including flood insurance) during any period of construction of improvements upon the Property insuring such improvements against all casualties on a progressively insured basis for not less than 100% of the replacement cost.
(f) Umbrella/excess liability insurance coverage, with limits of no less than $5,000,000 per occurrence and $5,000,000 in the aggregate.
(g) Professional Liability Insurance with minimum limits of Two Million Dollars ($2,000,000) per occurrence with respect to Developer’s architects and design consultants. The certificate shall provide that CRA will be given at least thirty (30) days prior written notice of cancellation of the policy. The cost of the Developer’s insurance shall be included in the Pre-Development Budget and Development Budget as a Project expense.