Policy Minimums Sample Clauses

The "Policy Minimums" clause establishes the lowest acceptable limits or standards for insurance coverage that a party must maintain under an agreement. Typically, this clause specifies the minimum amounts of liability, property, or other types of insurance required, ensuring that all parties are adequately protected against potential risks. By setting these baseline requirements, the clause helps prevent underinsurance and allocates risk appropriately, ensuring that all parties have sufficient financial protection in the event of a claim.
Policy Minimums. General Liability- Including Contractual Liability and Completed Operations $2,000,000 Each Occurrence $5,000,000 Aggregate (can include Umbrella Liability) Automobile Liability- Including Hired and Non-owned Vehicles $2,000,000 Combined Single Limit for Bodily Injury and Property Damage (can include Umbrella Liability) Workers’ Compensation As required by each state in which Wholesaler offers Products and Services. Employers Liability $1,000,000 Each Accident $1,000,000 Each Employee- Disease $1,000,000 Policy Limit- Disease Primary Commercial Blanket Bond $100,000 Each Employee Umbrella Liability $10,000,000 Each Occurrence $10,000,000 Aggregate
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Related to Policy Minimums

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Coverage Types and Policy Limits The types of coverage and policy limits required from the Contractor are specified in Paragraph B Insurance Requirements 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:

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least: (i) Bodily Injury by Accident $1,000,000 each accident; (ii) Bodily Injury by Disease $1,000,000 each employee; and (iii) Bodily Injury/Disease Aggregate $1,000,000 each accident. The Contractor shall require all Subcontractors performing work under this Contract to obtain an insurance certificate showing proof of Employers Liability Insurance Coverage and shall submit a certificate on the letterhead of the Contractor in the following language: