G2 Professional Indemnity Sample Clauses
The G2 Professional Indemnity clause requires a party, typically a contractor or consultant, to maintain professional indemnity insurance throughout the duration of a project and sometimes for a specified period after completion. This insurance covers claims arising from professional negligence, errors, or omissions in the performance of their services. By mandating such coverage, the clause ensures that financial risks associated with professional mistakes are managed and that affected parties have recourse to compensation, thereby allocating risk and promoting accountability.
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G2 Professional Indemnity. The Contractor shall hold and maintain professional indemnity insurance cover and shall ensure that all professional consultants involved in the provision of the Services hold and maintain appropriate cover. Such insurance to be held by the Contractor or by any agent, sub-contractor or consultant involved in the provision of Services with a limit of indemnity of not less than £500,000 for any occurrences arising out of each and every event. Such insurance shall be maintained for a minimum of 12 (twelve) months following the expiration or earlier termination of this Contract.
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, sub-contractor or consultant involved in the supply of the Services has a limit of indemnity of not less than £500,000 for each individual claim [or such higher limit as the Client may reasonably require (and as required by law) from time to time]. Such insurance shall be maintained for a minimum of 6 (six) years following the expiration or earlier termination of the Contract.
G2 Professional Indemnity. The Contractor shall maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and Sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, Sub-contractor or consultant involved in the supply of the Services has an appropriate indemnity limit for each individual claim (or such higher limit as the Authority may reasonably require, and as required by law from time to time). Such insurance shall be maintained for a minimum period of six (6) years following the expiration or earlier termination of the Contract.
G2 Professional Indemnity. G2.1 The Contractor shall maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and Sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, Sub-contractor or consultant involved in the supply of the Services has a limit of indemnity of not less than that which would be expected of a supplier similar to the Contractor providing services similar to or the same as the Services for each individual claim (or such higher limit as the Authority may reasonably require, and as required by law, from time to time). Such insurance shall be maintained for a minimum of six (6) years following the expiration or earlier termination of the Contract.
G2.2 Any excess or deductibles under the insurance referred to in clause G2.1 shall be the sole and exclusive responsibility of the Contractor or the Contractor’s agents, professional consultants or sub-Contractors, as applicable.
G2.3 The terms of any insurance or the amount of insurance cover shall not relieve the Contractor of any liabilities arising under the Contract.
G2.4 The Contractor shall, on request, provide the Authority with copies of all insurance policies referred to in clause G2.1 or a broker’s verification of insurance to demonstrate that the appropriate cover is in place, together with receipts or other evidence of payment of the latest premiums due under those policies.
G2.5 If, for whatever reason, the Contractor fails to give effect to and maintain the insurances required by this clause then the Authority may make alternative arrangements to protect its interests and may recover the costs of such arrangements from the Contractor.
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, sub-contractor or consultant involved in the supply of the Services has an adequate level of cover in respect of the provision of the Services. Such insurance shall be maintained for a minimum of 6 (six) years following the expiration or earlier termination of the Contract.
G2 Professional Indemnity. The SERVICE PROVIDER shall effect and maintain appropriate professional indemnity insurance cover during the Framework Agreement and any Call-Off Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the SERVICE PROVIDER shall ensure professional indemnity insurance held by the SERVICE PROVIDER and by any agent, sub-contractor or consultant involved in the supply of the Services has a limit of indemnity of not less than Five Million pounds (£5,000,000) for each individual claim [or such higher limit as the AUTHORITY/Contracting AUTHORITY may reasonably require (and as required by law) from time to time]. Such insurance shall be maintained for a minimum of six (6) years following the expiration or earlier termination of the Framework Agreement and any Call-Off Contracts.
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. Such insurance shall be maintained for a minimum of six (6) years following the expiration or earlier termination of the Contract.
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, sub-contractor or consultant involved in the supply of the Services has an adequate level of cover in respect of the provision of the Services. Such insurance shall be maintained for a minimum of 6 (six) years following the expiration or earlier termination of the Contract. G3 Warranties and Representations The Contractor warrants and represents that:
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and Sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, Sub-contractor or consultant involved in the supply of the Services has a limit of indemnity of not less than Seventy Five Thousand (75,000) pounds for each individual claim (or such higher limit as the Authority may reasonably require, and as required by law, from time to
G2 Professional Indemnity. The Contractor shall effect and maintain appropriate professional indemnity insurance cover during the Contract Period and shall ensure that all agents, professional consultants and sub-contractors involved in the supply of the Services do the same. To comply with its obligations under this clause and as a minimum, the Contractor shall ensure professional indemnity insurance held by the Contractor and by any agent, sub-contractor or consultant involved in the supply of the Services has a limit of indemnity of not less than (a) Information Redacted – FOIA – Section 43 – Commercial Interests or Information Redacted – FOIA – Section 43 – Commercial Interests for each individual claim (or such higher limit as the Authority may reasonably require, and as required by law, from time to time). Such insurance shall be maintained for a minimum of six (6) years following the expiration or earlier termination of the Contract.