Failure of Insurers Clause Samples
The 'Failure of Insurers' clause addresses situations where an insurance provider does not fulfill its obligations, such as failing to pay claims or becoming insolvent. Typically, this clause clarifies that the party required to maintain insurance remains responsible for any losses or liabilities, even if the insurer defaults or refuses coverage. By doing so, it ensures that the risk of an insurer's failure does not shift to the other party in the contract, thereby maintaining accountability and protecting both parties from unexpected gaps in insurance coverage.
Failure of Insurers. The Contractor is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. The Design-Builder is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. The CM/GC is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form. Part 6 Hazardous Conditions and Materials Hazardous Materials.
Failure of Insurers. The Consultant is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. Lessee is responsible for any delay resulting from the failure of its insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. The Tenant is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form, or for the insolvency or financial failure of such insurance carriers.
Failure of Insurers. The CMR is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. The TSI Contractor is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. The Construction Manager is responsible for any delay resulting from the failure of his insurance carriers to furnish proof of proper coverage in the prescribed form.
Failure of Insurers. Tenant shall be responsible for any delay resulting from the failure of any insurer to furnish proof of coverage in the prescribed form