Professional Errors and Omissions Liability Sample Clauses

The Professional Errors and Omissions Liability clause establishes the requirement for a party, typically a service provider or consultant, to maintain insurance coverage that protects against claims arising from professional mistakes, negligence, or failures in the performance of their duties. This clause usually specifies the minimum coverage limits, the types of services covered, and may require proof of insurance before work begins or throughout the contract term. Its core function is to allocate risk by ensuring that financial responsibility for professional errors is managed through insurance, thereby protecting both parties from potential losses due to professional misconduct or oversight.
Professional Errors and Omissions Liability. The Architect/Engineer promises and agrees to maintain in full force and effect an Errors and Omissions Professional Liability Insurance Policy in the amounts (indicated in the following table) as minimum coverage or such other minimum coverage as determined by the Principal Representative and approved by the State Buildings Program. The policy, including claims made forms, shall remain in effect for the duration of this Agreement and for at least three years beyond the completion and acceptance of the Work. The Architect/Engineer shall be responsible for all claims, damages, losses or expenses, including attorney's fees, arising out of or resulting from the performance of Professional Services contemplated in this Agreement, provided that any such claim, damage, loss or expense is caused by any negligent act, error or omission of the Architect/Engineer, any consultant or associate thereof, or anyone directly or indirectly employed by Architect/ Engineer. The Architect/Engineer shall submit a Certificate of Insurance verifying said coverage at the signing of this Agreement and also any notices of Renewals of said policy as they occur. $999,999 and under $250,000 $500,000 $1,000,000 to $4,999,999 $500,000 $1,000,000 $5,000,000 to $19,999,999 $1,000,000 $2,000,000 $20,000,000 and Above $2,000,000 $2,000,000
Professional Errors and Omissions Liability. (If this contract is for one of the following professional pre-design services such as; geotechnical investigation and reporting, environmental assessment or land surveying or for construction administrative services such as material testing, than the following Professional Errors and Omissions Liability Insurance coverage applies) The Consultant promises and agrees to maintain in full force and effect an Errors and Omissions Professional Liability Insurance Policy in the amounts (indicated in the following table) as minimum coverage or such other minimum coverage as determined by the Principal Representative and approved by the State Buildings Program. The policy, including claims made forms, shall remain in effect for the duration of this Agreement and for at least three years beyond the completion and acceptance of the Work. The Consultant shall be responsible for all claims, damages, losses or expenses, including attorney's fees, arising out of or resulting from the performance of Professional Services contemplated in this Agreement, provided that any such claim, damage, loss or expense is caused by any negligent act, error or omission of the Consultant, any consultant or associate thereof, or anyone directly or indirectly employed by Architect/ Engineer. The Consultant shall submit a Certificate of Insurance verifying said coverage at the signing of this Agreement and also any notices of Renewals of said policy as they occur. $999,999 and under $250,000 $500,000 $1,000,000 to $4,999,999 $500,000 $1,000,000 $5,000,000 to $19,999,999 $1,000,000 $2,000,000 $20,000,000 and Above $2,000,000 $2,000,000 .
Professional Errors and Omissions Liability. Insurance protecting the Development Consultant, its Consultants and sub-consultants and their respective servants, agents, or employees against losses, claims, damages, actions, and causes of action that the Client may sustain, incur, suffer or be put to at any time either before or after the expiration or termination of this Agreement, that arise out of errors, omissions or negligent acts of the Development Consultant, or its Consultants, sub-consultants, servants, agents, or employees under this Agreement. Such insurance shall be in an amount usual for an agreement of this nature but for no less than $1,000,000 per occurrence and $2,000,000 in the aggregate;
Professional Errors and Omissions Liability. Professional Liability in an amount not less than $1 million per claim, insuring the Contractor's liability resulting from errors and omissions in the performance of professional services under this Agreement.
Professional Errors and Omissions Liability. $1,000,000 per claim with an aggregate limit of not less than $2,000,000. Any self-retained limit shall not be greater than $25,000 per occurrence/event without County’s Risk Manager’s approval. Coverage shall include contractual liability coverage. If policy contain one or more aggregate limit, a minimum of 50% of any such aggregate limit must remain available at all times; if over 50% of any such aggregate limit has been paid or reserved, County will require additional coverage to be purchased by Consultant to restore the required limits. This coverage shall be maintained for a minimum of two years following termination of completion of Consultant’s work pursuant to the Contract.
Professional Errors and Omissions Liability. CONSULTANT shall maintain professional liability insurance applying to liability for a professional, error, act, or omission arising out of the scope of CONSULTANT’S services provided under this Agreement with a limit of not less than $1,000,000 each claim and annual aggregate. CONSULTANT shall maintain professional liability insurance during the term of this Agreement and, if coverage is provided on a “claims made” or “claims made and reported” basis, shall maintain coverage or purchase an extended reporting period for a period of at least three (3) years following the termination of this Agreement.
Professional Errors and Omissions Liability. If during the course of performing work under this Purchase Order the Supplier provides professional services including but not limited to design, architectural, engineering and surveying, then the Supplier shall provide, prior to the start of work, insurance covering the Supplier and any other firms or persons under the Supplier’s direction for professional acts, errors and omissions with liability limits in an amount at least as large as the total dollar amount of professional services under the Purchase Order but not less than $1,000,000 each occurrence and $2,000,000 in aggregate. The Supplier agrees to maintain this coverage for a minimum period of two (2) years after the date of final completion of the work under the Purchase Order.
Professional Errors and Omissions Liability. Policy limits of not less than Five Million Dollars ($5,000,000) per incident and Five Million Dollars ($5,000,000) annual aggregate, with deductible not to exceed Five Million Dollars ($5,000,000). Coverage may be made on a claims-made basis with “Retro Date” either prior to the date of the Contract or the Beginning of the Contract work. If claims-made, coverage must extend to a minimum of twelve (12) months beyond completion of project. If coverage is canceled or non-renewed, and not replaced with another claims made policy form with a “Retro Date” prior to the contract effective date, the HOSPITAL must purchase “extended reportingcoverage for a minimum of twelve (12) months after completion of contract work.
Professional Errors and Omissions Liability. If during the course of performing work under the Purchase Order Supplier provides professional services including but not limited to engineering and consulting, Supplier shall provide insurance covering Supplier and any other firms or persons under Supplier’s direction for professional acts, errors and omissions with liability limits covering claims for financial loss, bodily injury and property damage arising out of Supplier’s and its subcontractors and subconsultants’ professional services in an amount not less than $1,000,000 each occurrence and
Professional Errors and Omissions Liability. Coverage shall be for minimum amounts of $1,000,000 per claim and $2,000,000 annual aggregate.