Common use of Errors and Omissions; Professional Liability Clause in Contracts

Errors and Omissions; Professional Liability. A minimum limit of liability of one million ($1,000,000) dollars per incident and in annual aggregate. Failure by the Contractor to supply such written evidence of required insurance and to maintain same for the duration of this contract shall result in default under this contract. The insurance companies for the above coverages must be licensed by the State of New Jersey and acceptable to the “Municipality”. The “Contractor”Shall take no action to cancel or materially change any of the insurance required under this Contract without the “Municipality’s” prior approval. The maintenance of insurance under this section shall not relieve the “Contractor” of any liability greater than the limits or scope of the applicable insurance coverage.

Errors and Omissions; Professional Liability. A minimum limit of liability of one million ($1,000,000) dollars per incident and in annual aggregate. Failure by the Contractor Consultant to supply such written evidence of required insurance and to maintain same for the duration of this contract shall result in default under this contract. The insurance companies for the above coverages must be licensed by the State of New Jersey and acceptable to the “Municipality”. The “Contractor”Shall Consultant” shall take no action to cancel or materially change any of the insurance required under this Contract without the “Municipality’s” prior approval. The maintenance of insurance under this section shall not relieve the “ContractorConsultant” of any liability greater than the limits or scope of the applicable insurance coverage.

Errors and Omissions; Professional Liability. A minimum limit of liability of one three million ($1,000,0003,000,000) dollars per incident and in annual aggregate. Failure by the Contractor to supply such written evidence of required insurance and to maintain same for the duration of this contract shall result in default under this contract. The insurance companies for the above coverages must be licensed by the State of New Jersey and acceptable to the “Municipality”. The “Contractor”Shall Contractor” Shall take no action to cancel or materially change any of the insurance required under this Contract without the “Municipality’s” prior approval. The maintenance of insurance under this section shall not relieve the “Contractor” of any liability greater than the limits or scope of the applicable insurance coverage.