Optional Insurance Coverage Clause Samples

The Optional Insurance Coverage clause allows one or both parties to choose whether to obtain additional insurance beyond what is required by the main agreement. In practice, this clause may specify the types of optional coverage available, such as property, liability, or business interruption insurance, and outline the process for notifying the other party if such coverage is obtained. Its core function is to provide flexibility, enabling parties to tailor their risk management strategies according to their specific needs without mandating extra insurance for all.
Optional Insurance Coverage. Employees desiring to participate in other optional insurance programs authorized by the County may do so at their expense, using payroll withholding.
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Optional Insurance Coverage. Choose and check one: Required x_ /Not Required ; Errors and omissions insurance in a minimum amount of $2 million per occurrence to cover any negligent acts or omissions committed by CONTRACTOR, its employees and/or agents in the performance of any Services for CITY.
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Optional Insurance Coverage. Employees desiring to participate in other optional insurance programs currently authorized by the Board may do so at their expense using payroll withholding. Employees on a continued non-paid leave status must make their own arrangements with the payroll department to continue insurance benefits at their own expense, subject to the contract terms and conditions between the County and the insurance carriers.
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Optional Insurance Coverage. The following insurance coverage are recommended and should be purchased if the HA determines that exposure exists: 1. Boiler and Machinery coverage is recommended if there is extensive central, conditioning, electrical transformers, or similar equipment. 2. Directors and Officers or Public Officials Liability.
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Optional Insurance Coverage. Parents/students have the option to purchase insurance for the school-issued Chromebook to cover Chromebook repair and replacement in the event of theft, loss or damage. This is completely optional, but will be very beneficial if the Chromebook is lost, stolen, or damaged. Otherwise, the student must complete assignments using alternative methods for the remaining school year.
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Related to Optional Insurance Coverage

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • 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.

  • Optional Insurance Landlord may maintain such additional insurance with respect to the Building and the Complex, including, without limitation, earthquake insurance, terrorism insurance, flood insurance, liability insurance and/or rent insurance, as Landlord may in its sole discretion elect. Landlord may also maintain such other insurance as may from time to time be required by the holder of any mortgage on the Building or Property. The cost of all such additional insurance shall also be part of the Landlord’s Operating Expenses.

  • Life Insurance Coverage a) Fifteen thousand ($15,000) dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b) Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c) The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.

  • Insurance Cover Without prejudice to the provisions contained in Clause 26.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) Comprehensive third party liability insurance including injury to or death of personnel of the Authority or others caused by the Project; (c) The Concessionaire’s general liability arising out of the Concession; (d) Liability to third parties for goods or property damage; (e) Workmen’s compensation insurance; and (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items(a) to (e) above.