Common use of Insurance to be Maintained by TOC Clause in Contracts

Insurance to be Maintained by TOC. Throughout the term of this Agreement, TOC shall maintain comprehensive professional liability and worker's compensation insurance for TOC and all employees of TOC in amounts approved by the Policy Board. Not in limitation of the foregoing, TOC shall maintain excess general liability umbrella coverage with a One Million Dollars ($1,000,000) limit as currently maintained by TOC (with deductible provisions not to exceed $25,000 per occurrence), the cost of which shall be paid by Company as a Clinic Expense. In lieu of the foregoing, Company may provide as a Clinic Expense group insurance for malpractice and/or worker's compensation insurance. Notwithstanding the foregoing, in the event that Company procures such group insurance for malpractice and/or worker's compensation insurance, TOC must first approve the amount of coverage, the carrier and the terms of any such coverage for TOC.