Minimum Insurance Coverage and Requirements Sample Clauses

The Minimum Insurance Coverage and Requirements clause sets out the specific types and amounts of insurance that a party must maintain during the term of an agreement. Typically, it details the required coverage—such as general liability, professional liability, or workers’ compensation—and may specify minimum policy limits, acceptable insurers, and proof of coverage obligations. This clause ensures that adequate financial protection is in place to cover potential risks or liabilities, thereby safeguarding both parties and reducing the likelihood of disputes over responsibility for losses.
Minimum Insurance Coverage and Requirements. The [Vendor] shall obtain and maintain the minimum insurance coverage set forth below. By requiring such minimum insurance, [Texas Tech University System/Texas Tech University/Texas Tech University Health Sciences Center/Texas Tech University Health Sciences Center - El Paso/▇▇▇▇▇▇ State University] (TTUS) shall not be deemed or construed to have assessed the risk that may be applicable to the [Vendor] under [Contract/PO identifier]. The [Vendor] shall assess its own risks and, if it deems appropriate and/or prudent, maintain higher limits and/or broader coverage. The [Vendor] is not relieved of any liability or other obligations assumed or pursuant to the contract by reason of its failure to obtain or maintain insurance in sufficient amounts, duration, or types. All policies must be written on a primary basis, non-contributory with any other insurance coverage and/or self-funded plans which Texas Tech University maintains.
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Minimum Insurance Coverage and Requirements. The Consultant/Contractor shall obtain and maintain the minimum insurance coverage set forth below. By requiring such minimum insurance, the University of West Florida (UWF) shall not be deemed or construed to have assessed the risk that may be applicable to the Consultant/Contractor. The Consultant/Contractor shall assess its own risks and if it deems appropriate and/or prudent, maintain higher limits and/or broader coverage. The Consultant/Contractor is not relieved of any liability or other obligations assumed or pursuant to the Contract by reason of its failure to obtain or maintain insurance in sufficient amounts, duration, or types.
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Minimum Insurance Coverage and Requirements. The [Vendor] shall obtain and maintain the minimum insurance coverage set forth below. By requiring such minimum insurance, [Texas Tech University/Texas Tech University Health Sciences Center/Texas Tech University Health Sciences Center - El Paso/▇▇▇▇▇▇ State University] shall not be deemed or construed to have assessed the risk that may be applicable to the [Vendor] under [Contract/PO identifier]. The [Vendor] shall assess its own risks and, if it deems appropriate and/or prudent, maintain higher limits and/or broader coverage. The [Vendor] is not relieved of any liability or other obligations assumed or pursuant to the contract by reason of its failure to obtain or maintain insurance in sufficient amounts, duration, or types.
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Related to Minimum Insurance Coverage and Requirements

  • Minimum Insurance Requirements Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries or death to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or sub-contractors. Coverage - Coverage shall be at least as broad as the following:

  • Insurance Coverage Requirements Without limiting CONTRACTOR’s duty to indemnify, CONTRACTOR shall maintain in effect throughout the term of this Agreement a policy or policies of insurance with the following minimum limits of liability:

  • Insurance Coverages The Consultant shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City: (a) General Liability Insurance (Occurrence Form CG0001 or equivalent). A policy of comprehensive general liability insurance written on a per occurrence basis for bodily injury, personal injury and property damage. The policy of insurance shall be in an amount not less than $1,000,000.00 per occurrence or if a general aggregate limit is used, then the general aggregate limit shall be twice the occurrence limit.

  • No Defense to Insurance Coverage No action has been taken or failed to be taken, no event has occurred and no state of facts exists or has existed on or prior to the Purchase Date (whether or not known to Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any private mortgage insurance (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud of Seller, the related Mortgagor or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer’s breach of such insurance policy or such insurer’s financial inability to pay.

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows: