Minimum Insurance Limits Sample Clauses

The Minimum Insurance Limits clause sets the lowest amount of insurance coverage that a party must maintain under a contract. Typically, this clause specifies the types of insurance required—such as general liability, professional liability, or automobile insurance—and the minimum dollar amounts for each. For example, a service provider may be required to carry at least $1 million in general liability insurance throughout the contract term. The core function of this clause is to ensure that adequate financial protection is in place to cover potential losses or liabilities, thereby reducing risk for all parties involved.
Minimum Insurance Limits. Consultant shall maintain the following insurance limits:
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Minimum Insurance Limits. Contractor shall maintain the following insurance limits:
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Minimum Insurance Limits. (a) Comprehensive General Liability - Comprehensive General Liability written on an occurrence coverage form, including, without limitation, Bodily Injury and Property Damage Liability, Products and Completed Operations Liability, Contractual Liability and Personal and Injury Liability. The minimum limits are One Million U.S. Dollars ($1,000,000) per each occurrence, One Million U.S. Dollars ($1,000,000) aggregate (Products and Completed Operations) and One Million U.S. Dollars ($1,000,000) general aggregate. (b) Workers’ Compensation - Workers’ Compensation and Employers’ Liability with statutory coverage for Workers’ Compensation and minimum limits of One Million U.S. Dollars ($1,000,000) per accident, One Million U.S. Dollars ($1,000,000) disease (each employee), and One Million U.S. Dollars ($1,000,000) disease (policy limit) for Employers’ Liability or coverage and limits complying with all federal, state and local requirements applicable to the Services. (c) Umbrella/Excess Liability - Umbrella/Excess Liability with minimum limits of Three Million U.S. Dollars ($3,000,000) each occurrence and aggregate, both in excess of the minimum levels of comprehensive general liability, worker’s compensation and employer’s liability coverage required herein. (d) Errors and Omissions Liability - Errors and Omissions Liability (or Professional Liability) insurance with limits of Three Million U.S. Dollars ($3,000,000). (e) Cyber Liability/Technology Errors and Omissions – Cyber liability coverage with limits of Five Million U.S. Dollars ($5,000,000) per claim and aggregate.
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Minimum Insurance Limits. The District will consider the following as the minimum acceptable insurance limits for the following five (5) types of coverage:
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Minimum Insurance Limits. Supplier shall maintain the following insurance limits:
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Minimum Insurance Limits. Grantee shall maintain the following insurance limits (a) Commercial General Liability: $2,000,000 per occurrence. $3,000,000 general aggregate and $1,000,000 products/completed operations aggregate. (b) Automobile Liability: $2,000,000 combined single limit. (c) Workers Compensation Insurance limits in accordance with State Law requirements (d) Excess or Umbrella Liability: $2,000,000 each occurrence and $5,000,000 policy limit.
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Related to Minimum Insurance Limits

  • Minimum Limits of Insurance Consultant shall maintain limits no less than: (1) General Liability: $1,000,000 per occurrence for bodily injury, personal injury, advertising injury and property damage. If Commercial General Liability Insurance or other form with general aggregate limit is used including, but not limited to, form CG 2503, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2)

  • 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:

  • 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.

  • Coverage Limits By requiring insurance, the State of Washington and DSHS do not represent that the coverage and limits required in this Contract will be adequate to protect the Contractor. Such coverage and limits shall not limit the Contractor’s liability in excess of the required coverage and limits, and shall not limit the Contractor’s liability under the indemnities and reimbursements granted to the State and DSHS in this Contract.