Minimum Levels of Insurance Sample Clauses

The "Minimum Levels of Insurance" clause sets a baseline requirement for the amount and types of insurance coverage a party must maintain during the term of an agreement. Typically, it specifies the minimum dollar amounts for policies such as general liability, professional liability, or workers’ compensation, and may require proof of coverage through certificates of insurance. This clause ensures that both parties are protected against potential financial losses arising from claims or damages, thereby allocating risk and providing assurance that adequate resources are available to address unforeseen incidents.
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Minimum Levels of Insurance. 1. Comprehensive or Commercial General Liability: $1,000,000 per occurrence / $2,000,000 aggregate combined single limit for bodily injury, personal injury and property damage. 2. Automobile Liability: $1,000,000 combined single limit per accident for bodily injury and property damage. 3. Worker’s Compensation coverage as required by the Industrial Insurance laws of the State of Connecticut.
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Minimum Levels of Insurance. During the term of this Agreement, both parties will keep in full force and effect insurance policies covering: (i) commercial general liability insurance in an amount not less than one million dollars per occurrence for bodily injury and property damage; (ii) workers' compensation insurance in an amount not less than that required by applicable law; and (iii) property insurance covering each party's own property and equipment, including but not limited to electronic computer equipment for the perils customarily insured, but in no event more restrictive than "special perils" property insurance, in the amount of its full replacement cost at the time of the loss. Within ten days after request by INFLOW, Customer will provide to INFLOW evidence of the foregoing insurance. Customer acknowledges that INFLOW has no obligation whatsoever to insure any of Customer's Property. INFLOW acknowledges that Customer has no obligation whatsoever to insure any of INFLOW'S equipment or property. The insurance policies required in this Agreement will be issued by financially secure insurance companies authorized to issue insurance in the state where the IDC is located.
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Minimum Levels of Insurance. (a) Notwithstanding the provisions of Section 7.1(a) hereof, commencing three (3) months prior to the second (2nd) anniversary of the Commencement Date and every two (2) years thereafter or at any time during the Term of this Lease in which Tenant's use or occupancy of the Demised Premises changes in any material respect from Tenant's present use or occupancy, Landlord may request, in writing, that Tenant agree to revise the minimum levels of insurance set forth in Section 7.1(a) hereof to reflect the minimum levels of insurance for premises of the size, nature, construction, location, use and occupancy comparable to that of the Improvements. (b) Notwithstanding the provisions of Section 7.1(b) hereof, commencing three (3) months prior to the second (2nd) anniversary of the Commencement Date and every two (2) years thereafter or at any time during the Term of this Lease in which Landlord's use or occupancy of the Landlord Space changes in any material respect from Landlord's present use or occupancy, Tenant may request, in writing, that Landlord agree to revise the minimum levels of insurance set forth in Section 7.1(b) hereof to reflect the minimum levels of insurance for premises of the size, nature, construction, location, use and occupancy comparable to that of the Improvements.
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Minimum Levels of Insurance. Notwithstanding the provisions of Section 7.1 hereof, commencing three (3) months prior to the second (2nd) anniversary of the Commencement Date and every two (2) years thereafter or at any time during the Term of this Lease in which Tenant's use or occupancy of the Demised Premises changes in any material respect from Tenant's present use or occupancy, Landlord may request, in writing, that Tenant agree to revise the minimum levels of insurance set forth in Section 7.1 hereof to reflect the minimum levels of insurance for premises of the size, nature, construction, location, use and occupancy comparable to that of the Improvements.
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Related to Minimum Levels of Insurance

  • Minimum Scope of Insurance Coverage shall be at least as broad as: 1. The coverage provided by Insurance Services Office Commercial General Liability coverage (“occurrence”) Form Number CG 0001; and 2. The coverage provided by Insurance Services Office Form Number CA 0001 covering Automobile Liability. Coverage shall be included for all owned, non-owned and hired automobiles; and

  • 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 Scope and Limits of Insurance Contractor shall provide coverage with limits of liability not less than those stated below.

  • 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:

  • Proof of Insurance Coverage As preliminary evidence of compliance with the insurance required by the contract, the company will furnish the Authority with a certificate(s) of insurance satisfactory to the Authority. This certificate must be signed by an authorized representative of the insurer. If requested by the Authority, the company will, within 15 days after receipt of written request from the Authority, provide the Authority, or make available for review, certificates of insurance, copies of required endorsements and/or a certified complete copy of the policies of STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 12/11/14 Page: 4 of 7 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS insurance. The company may redact those portions of the insurance policies that are not relevant to the coverage required by the contract. The company will provide the Authority with renewal or replacement evidence of insurance, acceptable to the Authority, prior to expiration or termination of such insurance. The insurance certificate must: a. Indicate that, to the extent required by the contract: i. the Authority, members of the Authority's governing body, and the Authority's officers, volunteers and employees are included as Additional Insureds on all policies other than workers compensation and professional liability, and ii. the insurers for all policies have waived their subrogation rights against the Authority; b. Indicate that the certificate has been issued in connection with the contract; c. Indicate the amount of any deductible or self-insured retention applicable to all coverages; d. Identify the name and address of the certificate holder as: Hillsborough County Aviation Authority Attn.: Chief Executive Officer Tampa International Airport Post Office Box 22287 ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ and; e. Be signed and dated using approved methods by an individual who is an authorized representative of each insurer, whose insurance is the subject of STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 12/11/14 Page: 5 of 7 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS the certificate and who is authorized by each such insurer to issue the certificate of insurance as modified. Facsimile signatures are acceptable.