Common use of Minimum Coverage Amounts Clause in Contracts

Minimum Coverage Amounts. Without limiting Company's liability to WFB or its affiliates under other sections of this Agreement, Company, at its sole cost and expense, will maintain, secure and keep in force during the term of this Agreement, adequate insurance coverages with respect to the Company's potential liability, with coverages and limits that are, at a minimum (and without limiting Company's obligation to maintain adequate coverages), substantially similar in type and amount to those that are in effect with respect to Company's potential liability as of Effective Date of this Agreement. Without limiting the foregoing, Company represents and warrants that Company maintains, as of the Effective Date of this Agreement, insurance coverages of the types and with limits as set forth below: A. Commercial general liability, including premises or operations, contractual, and products or completed operations coverages (if applicable), independent contractors' liability, personal injury, advertising injury, and contractual liability, with limits of $1 million per occurrence and $2 million general aggregate. Note: products/completed operations coverage must be maintained for a minimum of three (3) years past the end of this Agreement; B. Automobile liability, including coverage for owned (if any), hired, non-hired, non-owned and borrowed automobiles, covering Vendor in the performance of Services hereunder with limits of $1 million per accident;