Insurance Types and Amounts Sample Clauses

The "Insurance Types and Amounts" clause defines the specific categories of insurance coverage a party must maintain and the minimum coverage limits required under the agreement. Typically, this clause will list types such as general liability, professional liability, or workers’ compensation, and specify the dollar amounts or policy limits that must be in place. Its core practical function is to ensure that adequate financial protection is available in the event of claims or losses, thereby allocating risk and safeguarding both parties against unforeseen liabilities.
Insurance Types and Amounts. Contractor agrees to provide the State of Louisiana with Certificates of adequate insurance indicating coverage as required herein. Insurance shall be placed with insurers with an A.M. Best's rating of no less than A-:VI. This rating requirement shall be waived for Worker's Compensation coverage only.
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Insurance Types and Amounts. WORKERS’ COMPENSATION AND EMPLOYERS’ LIABILITY: AUTOMOBILE LIABILITY INSURANCE: Not Required PROFESSIONAL LIABILITY: Not Required NETWORK SECURITY AND PRIVACY LIABILITY: Not required EXCESS/UMBRELLA INSURANCE:
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Insurance Types and Amounts. CONSULTANT shall maintain general commercial liability and automobile insurance against claims and liabilities for personal injury, death, or property damage, providing protection of at least $1,000,000 for bodily injury or death to any one person for any one accident or occurrence and at least $1,000,000 for property damage. CONSULTANT shall also maintain professional liability insurance in an amount of $1,000,000 per claim.
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Insurance Types and Amounts 
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Related to Insurance Types and Amounts

  • Types and Amounts The Issuing Bank shall not have any obligation to: (i) issue any Facility Letter of Credit if the aggregate maximum amount then available for drawing under Letters of Credit issued by such Issuing Bank, after giving effect to the Facility Letter of Credit requested hereunder, shall exceed any limit imposed by law or regulation upon such Issuing Bank; (ii) issue any Facility Letter of Credit if, after giving effect thereto, (1) the then applicable Outstanding Facility Amount would exceed the then-current Aggregate Commitment or (2) the then-applicable Outstanding Facility Amount would exceed the then-current Aggregate Commitment or (3) the Facility Letter of Credit Obligations would exceed the Facility Letter of Credit Sublimit; or (iii) issue any Facility Letter of Credit having an expiration date, or containing automatic extension provisions to extend such date, to a date beyond the then-current Facility Termination Date, provided, further, that a Facility Letter of Credit may, as a result of its express terms or as the result of the effect of an automatic extension provision, have an expiration date of not more than one year beyond the Facility Termination Date, so long as the Borrower delivers to the Administrative Agent for the benefit of the Lenders no later than the then Facility Termination Date either (1) cash collateral for such Letter of Credit for deposit into the Letter of Credit Collateral Account in an amount equal to the stated amount of such Letter of Credit, (2) a backup Letter of Credit having terms acceptable to the Administrative Agent and issued by a domestic financial institution having a rating assigned by ▇▇▇▇▇’▇ or S&P to its senior unsecured debt of AA/Aa2 or better or (3) other collateral satisfactory to the Administrative Agent. Upon the expiration, cancellation or termination of a Facility Letter of Credit for which cash, a backup Letter of Credit or other collateral has been provided pursuant to the preceding clause (1), (2) or (3), the Administrative Agent shall promptly return any such backup Letter of Credit to the Borrower or release such collateral if such extension is not exercised or is not exercisable.

  • INSURANCE and INDEMNIFICATION REQUIREMENTS See Exhibit C, attached hereto, for insurance requirements for this Agreement. The COUNTY’S insurance requirements are a material provision to this Agreement.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.