Common use of Minimum Insurance Limits Clause in Contracts

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.

Appears in 2 contracts

Sources: Master Services Agreement (Texas Capital Funds Trust), Etf Master Services Agreement (Texas Capital Funds Trust)

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.

Appears in 1 contract

Sources: Master Services Agreement (Texas Capital Funds Trust)