Insurance Coverage Clause Samples

Insurance Coverage. 14.1. The Recipient shall ensure that it has adequate insurance coverage (including but not limited to public liability insurance) in place, and shall provide evidence of such insurance to the Commissioner on request. 14.2. Where the Recipient is a public body and has in place appropriate self- insurance arrangements, the Recipient may request, and the Commissioner, acting reasonably, may agree that the provisions of the Clause 14.1 above shall be waived.

Insurance Coverage. At all times during the term of this Agreement and any extensions or renewals, Contractor shall provide and maintain insurance coverage that meets the Agreement requirements. Prior to beginning performance under the Agreement, at any time upon the Director’s request, or each time coverage is renewed or updated, Contractor shall furnish to the Director current certificates of insurance, endorsements, all policies, or other policy documents evidencing adequate coverage, as necessary. Contractor shall be responsible for and pay: (i) all premiums; and (ii) any claims or losses to the extent of any deductible amounts. Contractor waives any claim it may have for premiums or deductibles against the City, its officers, agents, or employees. Contractor shall also require all subcontractors or consultants whose subcontracts exceed $100,000 to provide proof of insurance coverage meeting all requirements stated above except amount. The amount must be commensurate with the amount of the subcontract, but no less than $500,000 per claim.

Insurance Coverage. The Company maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

Insurance Coverage. At its own expense, Supplier must maintain valid insurance policy(ies) during the performance of this Agreement with insurance company(ies) licensed or authorized to do business in the State of Minnesota having an “AM BEST” rating of A- or better, with coverage and limits of insurance not less than the following:

Insurance Coverage. 8.25.1 Commercial General Liability insurance (providing scope of coverage equivalent to ISO policy form CG 00 01), naming County and its Agents as an additional insured, with limits of not less than: General Aggregate: $2 million Products/Completed Operations Aggregate: $1 million Personal and Advertising Injury: $1 million Each Occurrence: $1 million 8.25.2 Automobile Liability insurance (providing scope of coverage equivalent to ISO policy form CA 00 01) with limits of not less than $1 million for bodily injury and property damage, in combined or equivalent split limits, for each single accident. Insurance shall cover liability arising out of Contractor’s use of autos pursuant to this Contract, including owned, leased, hired, and/or non-owned autos, as each may be applicable.

Insurance Coverage. The Architect/Engineer shall obtain and maintain, for the duration of this Agreement or longer, the minimum insurance coverages set forth below. With the exception of Professional Liability (E&O), all coverage shall be written on an occurrence basis. All coverage shall be underwritten by companies authorized to do business in the State of Texas or eligible surplus lines insurers operating in accordance with the Texas Insurance Code and have a financial strength rating of A- or better and a financial strength rating of VII or better as measured by A.M. Best Company or otherwise acceptable to Owner. By requiring such minimum insurance, the Owner shall not be deemed or construed to have assessed the risk that may be applicable to the Architect/Engineer under this Agreement. The Architect/Engineer shall assess its own risks and if it deems appropriate and/or prudent, maintain higher limits and/or broader coverages. The Architect/Engineer is not relieved of any liability or other obligations assumed pursuant to this Agreement by reason of its failure to obtain or maintain insurance in sufficient amounts, duration, or types. No policy will be canceled without unconditional written notice to Owner at least ten days before the effective date of the cancellation. Coverages Limit A. Worker’s Compensation Statutory Benefits (Coverage A) Employers Liability (Coverage B) Statutory $1,000,000 Each Accident $1,000,000 Disease/Employee $1,000,000 Disease/Policy Limit B. Automobile Liability Business auto liability insurance covering all owned, non-owned or hired automobiles, with limits of not less than $1,000,000 single limit of liability per accident for bodily injury and property damage. Option: If a separate business auto liability policy is not available, coverage for hired and non-owned auto liability may be endorsed on the commercial general liability policy C. Commercial General Liability Aggregate Limit $2,000,000 Each Occurrence Limit $1,000,000 Personal/Advertising Injury $1,000,000 Products/Completed Operations $1,000,000 Damage to rented Premises $ 300,000 Medical Payments $ 5,000 The required commercial general liability policy will be issued on a form that insures Architect/Engineer or its consultant’s liability for bodily injury (including death), property damage, personal and advertising injury assumed under the terms of this Agreement. D. Umbrella Liability Insurance $3,000,000 E. Professional Liability (Errors & Omissions) The Architect/Engineer shall m...

Insurance Coverage. All insurance coverage limits shall be as set forth in the General Conditions, unless different requirements are set forth in any special or supplementary conditions.

Insurance Coverage. Borrower will insure the Properties against such perils and hazards, and in such amounts and with such limits as Lender may from time to time reasonably require, and in any event will continuously maintain with respect to each of the Properties, without cost to Lender, the insurance described in EXHIBIT U of this Agreement (collectively, the "INSURANCE POLICIES"). All Insurance Policies shall be in form, issued by companies, in amounts and with deductibles satisfactory to Lender from time to time and shall be maintained throughout the term of the Loan without cost to Lender. An insurance company shall not be satisfactory unless such insurance company (a) has a Standard & Poor's rating of "AA" or better or ▇▇▇▇▇'▇ Aa2 or better; (b) is licensed in the State in which the insured Property is located; (c) has actively been in business for at least five (5) years; (d) if it is a mutual company, is a nonassessable company; and (e) does not provide insurance on any one building in excess of ten (10%) percent of its policyholders' surplus (including capital). Notwithstanding the foregoing, Lender hereby approves American Modern Lloyd's as a satisfactory insurance company provided American Modern Lloyd's shall continue to maintain a Best's rating of "AVIII" or better and a Standard & Poor's rating of "A" or better. All Insurance Policies insuring against casualty and business interruption and other appropriate policies shall include non-contributing mortgagee endorsements in favor of Lender with loss payable to Lender, as well as standard waiver of subrogation endorsements, and shall provide that the coverage shall not be terminated or modified, nor a risk changed without thirty (30) days' advance written notice to Lender. A verified copy of each Insurance Policy shall be delivered to Lender. If a blanket policy is issued, a certified copy of said policy shall be furnished, together with an endorsement indicating that Lender, and its affiliates, subsidiaries, successors and assigns are additional insureds under such policy in the designated amount. If any portion of the insured risks are reinsured, the reinsurance policies shall contain "cut-through" endorsements in form satisfactory to Lender. Borrower shall pay the premiums for the Insurance Policies (the "INSURANCE PREMIUMS") as the same become due and payable. Borrower will deliver all Insurance Policies to Lender and, in case of Insurance Policies about to expire, Borrower will deliver renewal or replacement p...

Insurance Coverage. Promptly, such information concerning Borrower’s insurance coverage as Administrative Agent may reasonably request;