Excess/Umbrella Liability Sample Clauses
The Excess/Umbrella Liability clause establishes requirements for additional layers of insurance coverage that go beyond the limits of primary liability policies. In practice, this clause typically mandates that a party maintain excess or umbrella insurance to provide extra protection against large claims, often specifying minimum coverage amounts and the types of risks covered, such as bodily injury or property damage. Its core function is to ensure that sufficient financial resources are available to cover significant losses, thereby protecting both parties from catastrophic liabilities that could exceed standard policy limits.
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Excess/Umbrella Liability. The required General Liability, Business Auto Liability or Employers Liability limits may be accomplished through a combination of primary and excess/umbrella liability policies written on a follow-form basis. The excess/umbrella liability coverage shall be included on the certificate of insurance and the certificate holder shall be included as an additional insured.
Excess/Umbrella Liability. Excess/umbrella liability insurance may be included to meet minimum requirements. Umbrella coverage must indicate the existing underlying insurance coverage.
Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.
Excess/Umbrella Liability. Tenant shall maintain in full force and effect at all times, and at its own expense, umbrella liability coverage in an amount not less than $2,000,000.00 per occurrence. Umbrella liability coverage is to be in excess of the commercial general liability, automobile liability and employers’ liability requirements outlined in Sections (c) and (d) above.
Excess/Umbrella Liability. The Company shall maintain Excess/Umbrella Liability insurance written on an occurrence basis and providing coverage limits in excess of the primary limits applying under policies described in subsections (B), (C) (employers’ liability only), and (D) above. Such insurance coverage shall have a limit of liability of not less than $10,000,000. Such insurance coverage shall include a drop down provision in the event of exhaustion of underlying limits or aggregates and apply on a following form basis to the primary coverage.
Excess/Umbrella Liability. (1) Limit of Liability: at least $10,000,000.00 combined single limit and at least $10,000,000.00 aggregate limit with an additional insured endorsement for the School District on the liability policy. The General Aggregate must apply on a per project basis.
Excess/Umbrella Liability. Contractor shall maintain Excess or Umbrella Liability coverage with limits of at least $1,000,000 per occurrence and $1,000,000 policy aggregate. Coverage must be written on a “follow form” or broader basis. The following three types of required insurance coverages may be met with separate policies or a combination of these coverages under one policy. If in a combined policy, the combined policy form shall include minimum limits of at least $3,000,000 each occurrence and in the aggregate.
Excess/Umbrella Liability. Umbrella liability coverage in an amount not less than $10,000,000 per occurrence. Umbrella liability coverage is to be in excess of the general liability, automobile liability and employers’ liability requirements outlined above and such requirement shall be subject to reasonable modification based on market changes and insurance coverage standards generally applicable to commercial real estate similar in type, use and location as the Property.
Excess/Umbrella Liability. A combination of primary and Excess/Umbrella Liability Insurance may be used to meet the required limits of insurance.
Excess/Umbrella Liability. Excess of Commercial General Liability, Automobile Liability and Employers Liability. Coverage should be as broad as primary.