Required Limits Clause Samples
The "Required Limits" clause sets the minimum levels of insurance coverage or financial responsibility that a party must maintain under a contract. Typically, it specifies the types of insurance (such as general liability, professional liability, or automobile insurance) and the minimum dollar amounts for each coverage. This ensures that the party has sufficient resources to cover potential claims or losses, thereby protecting both parties from financial risk and ensuring compliance with contractual or legal requirements.
Required Limits. $1,000,000 Each Claim $1,000,000 Annual Aggregate
Required Limits. $1,000,000 per occurrence; $3,000,000 Annual Aggregate
Required Limits. 1 General Liability $1,000,000 per occurrence and $2,000,000 in the aggregate.
Required Limits. $1,000,000 per occurrence and $2,000,000 general aggregate for bodily injury and property damage.
Required Limits. Subcontractor shall maintain one (1) or more workers' compensation and employer's liability insurance policies with the following minimum limits: (a) statutory coverage for Workers’ Compensation, and (b) Employer’s Liability Limits of:
Required Limits. Bolle and Alyn shall each maintain insurance in at least the following amounts:
(a) Commercial General Liability insurance, including premises, products, operations, and contractual coverage, in the total amount of not less than $2,000,000 per claim;
(b) Umbrella insurance for Commercial General Liability, bodily injury or property damage in the total amount of not less than $2,000,000 per occurrence and $ 10,000,000 annual aggregate; and
(c) Workers' Compensation insurance in the amount required by law.
Required Limits. TiVo shall maintain during the Term of this Agreement --------------- all insurance and/or bonds required by law or this Agreement, including without limitation:
(a) Workers' Compensation and/or other similar insurance coverage with (i) statutory limits of coverage as prescribed by the law of the state in which TiVo's obligations under this Agreement are performed or the Deliverables are delivered; and (ii) although not required by statute, coverage for any TiVo employee entering onto AOL's or any other AOL's premises;
(b) Employer's Liability insurance with limits of at least[*];
(c) Commercial General Liability insurance, including contractual liability, with combined single limits for each occurrence of at least [*]for bodily injury, including death, and property damage; provided that such insurance can come into effect after application of a self-insurance program of no more than[*];
Required Limits. Umbrella and/or Excess Liability policy limits may be accepted to meet the required limits and the required scope of insurance. The insurance coverage and limits required to be maintained by Vendor will be primary and non-contributory to insurance coverage, if any, maintained by SGWS.
Required Limits. 1 General Liability $1,000,000 per claim and $2,000,000 in the aggregate.
Required Limits. Amount of grant if less than $25,000; or $25,000 or twenty percent (20%) of the total amount of the grant, whichever is greater B. Required Endorsements (Loss Payee & Cancellation):
1. The Sacramento Employment and Training Agency is named as a loss payee as its interest may appear"; and,
2. This insurance shall not be canceled, limited, or non-renewed until after fifteen (15) days advance written notice has been given to the Sacramento Employment and Training Agency, except in the event of non-payment of premium when a ten (10) day advance written notice shall apply".