Common use of Professional Errors and Omissions Liability Insurance Clause in Contracts

Professional Errors and Omissions Liability Insurance. (required for contractors providing professional services, such as through a professional engineer, registered geologist, etc.) a. Coverage shall be in an amount of not less than one million dollars ($1,000,000) per occurrence/aggregate. b. If coverage contains a deductible or self-retention, it shall not be greater than fifty thousand dollars ($50,000) per occurrence/event. DocuSign Envelope ID: 09BA3F2C-1E27-4CE8-96E6-870012503D6B c. Coverage as required herein shall be maintained for a minimum of two years following termination or completion of this Agreement.

Professional Errors and Omissions Liability Insurance. (required for contractors providing professional services, such as through a professional engineer, registered geologist, etc.) a. Coverage shall be in an amount of not less than one million dollars ($1,000,000) per occurrence/aggregate. b. If coverage contains a deductible or self-retention, it shall not be greater than fifty thousand dollars ($50,000) per occurrence/event. DocuSign Envelope ID: 09BA3F2C-1E27446D4821-4CE819AF-41C5-96E6AEF5-870012503D6BDC6C0EE5F0FE c. Coverage as required herein shall be maintained for a minimum of two years following termination or completion of this Agreement.