PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS) Sample Clauses
The Professional Liability Insurance (Errors & Omissions) clause requires a party, typically a contractor or service provider, to maintain insurance coverage that protects against claims arising from professional mistakes, negligence, or failures to perform duties. This insurance specifically covers financial losses suffered by clients due to errors or omissions in the professional services rendered, such as design flaws by architects or accounting mistakes by consultants. The core function of this clause is to allocate risk and ensure that clients have recourse for compensation if professional errors result in harm or financial loss.
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PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the CONTRACTOR shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). The Contractor shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this Contract. The policy shall provide limits of $ 1,000,000 per occurrence for each wrongful act and $3,000,000 annual aggregate.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). The Contractor shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this Contract. The policy shall provide limits of $1,000,000 per claim or per occurrence for each wrongful act and $2,000,000 annual aggregate. The Contractor warrants that any applicable retroactive date precedes the date the Contractor first performed any professional services for the Government of the District of Columbia and that continuous coverage will be maintained or an extended reporting period will be exercised for a period of at least ten years after the completion of the professional services. Limits may not be shared with other lines of coverage.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence. If Consultant subcontracts in support of the services under this Agreement, Professional Liability Insurance for Errors shall be provided by the subcontractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the Consultant shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims made policy.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). Required for all professional service contracts. This shall include any consultants, medical, legal, technical, insurance agents, or other professions that require proper licenses. $1,000,000 Each Claim/Wrongful Act $2,000,000 General Aggregate If written on a claim’s made policy, the policy must be maintained for at least two (2) years after the completion of the work and/or contract.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). The Design-Builder shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this Contract. The policy shall provide limits of $5,000,000 per claim or per occurrence for each wrongful act and $5,000,000 annual aggregate. The Design- Builder warrants that any applicable retroactive date precedes the date the Design-Builder first performed any professional services for the Government of the District of Columbia and that continuous coverage will be maintained or an extended reporting period will be exercised for a period of at least ten years after the completion of the professional services.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). The Provider shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this HCA. The policy shall provide limits of $1,000,000 per occurrence for each wrongful act and $3,000,000 annualaggregate.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If TENANT sub-contracts in support of TENANT’s work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the TENANT shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). (a) Contractor and subcontractor whose contracts require design services will maintain professional liability insurance providing coverage for claims allegedly arising out of errors, omissions or negligent acts due to their performance, or failure to perform, design, architectural, engineering, land surveying or interior design services.
(b) With limits of liability of at least Five Million Dollars ($5,000,000) each claim and annual aggregate with a deductible no greater than $250,000.
(c) If the policy is a “claims made” form, coverage will be maintained for four years after completion of the Work.
PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS). If ▇▇▇▇▇▇▇ sub-contracts in support of ▇▇▇▇▇▇▇’▇ work provided for in the agreement, ▇▇▇▇▇▇▇ shall ensure that Professional Liability Insurance for Errors and Omissions shall be provided by the subcontractor in an amount not less than one million dollars ($1,000,000) in aggregate.