Minimum Acceptable Limits Sample Clauses

The Minimum Acceptable Limits clause sets a baseline for the lowest level of coverage, performance, or standards that must be met under an agreement, often relating to insurance or service quality. For example, it may require a party to maintain liability insurance with coverage no less than a specified dollar amount, or to ensure that certain deliverables meet defined quality thresholds. This clause ensures that all parties are protected by establishing clear, non-negotiable minimums, thereby reducing risk and preventing disputes over insufficient coverage or performance.
Minimum Acceptable Limits. The minimum acceptable limits must be as indicated below, with no deductible for each of the following categories:
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Minimum Acceptable Limits. The minimum acceptable limits shall be as indicated below, with no deductible for each of the following categories: i. Commercial General Liability covering the risks of bodily injury (including death), property damage and personal injury, including coverage for contractual liability, with a limit of not less than $1 million per occurrence/$2 million general aggregate; ii. Automobile Liability (hired, or non-owned) covering physical damage with a limit of $50,000 per accident/$2 million aggregate as part of Business Owners package. iii. Employers Liability insurance covering the risks of Contractor’s employees’ bodily injury by accident or disease with limits of not less than $1 million per accident for bodily injury by accident and $1 million per employee for bodily injury by disease; iv. Professional Liability Errors and Omissions, with a deductible not to exceed $25,000, conditioned upon this Section, and coverage of not less than $1 million per occurrence or claim/$2 million general aggregate; v. Crime Coverage with a $25,000 limit for employee dishonestly, $30,000 for Money and Securities, Forgery at $25,000 and Computer Fraud at a $250,000 limit. vi. Cyber-security insurance, with coverage of not less than $1 million per claim/$2 million general aggregate, that includes but is not limited to coverage for first-party costs and Third-Party claims from: (i) failure to protect data, including unauthorized disclosure, use or access, (ii) security failure or privacy breach, (iii) failure to disclose such breaches as required by law, regulation or contract, (iv) notifications, public relations, credit monitoring, postage, advertising, and other services to assist in managing and mitigating a cyber-incident, (v) interruptions of business operations, (vi) network security failure, (vii) cyber-extortion,
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Related to Minimum Acceptable Limits

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.