Risks and Limits of Liability Clause Samples
The "Risks and Limits of Liability" clause defines the extent to which each party is responsible for losses, damages, or claims arising from the agreement. Typically, this clause sets maximum monetary limits on liability, excludes certain types of damages (such as indirect or consequential losses), and may specify exceptions where liability cannot be limited, such as for willful misconduct or gross negligence. Its core function is to allocate and cap financial risk between the parties, providing predictability and protecting both sides from potentially unlimited exposure.
Risks and Limits of Liability. Contractor shall maintain the following insurance coverages in the following amounts:
Risks and Limits of Liability. 2.6.1.1 Engineer shall maintain the following insurance coverages in the following amounts:
Risks and Limits of Liability. Consultant shall maintain the following insurance coverages in the following amounts:
Risks and Limits of Liability. The insurance, at a minimum, must include the following coverages and limits of liability:
Risks and Limits of Liability. Contractor shall maintain the following insurance coverages in the following amounts: COVERAGE LIMIT OF LIABILITY Workers' Compensation Statutory for Workers’ Compensation Employer's Liability • Bodily Injury by Accident $500,000 (each accident) • Bodily Injury by Disease $500,000 (policy limit) • Bodily Injury by Disease $500,000 (each employee) Commercial General Liability: Bodily and Personal Injury; Products and Completed Operations Coverage Bodily Injury and Property Damage, Combined Limits of $1,000,000 each Occurrence, and $2,000,000 aggregate Automobile Liability $1,000,000 combined single limit for (1) Any Auto or (2) All Owned, Hired, and Non-Owned Autos Professional Liability (if applicable) $1,000,000 per occurrence; $2,000,000 aggregate Excess Liability Coverage, or Umbrella Coverage, for Commercial General Liability and Automobile Liability $1,000,000
Risks and Limits of Liability. Contractor shall maintain the following coverage and limits of liability: Commercial General Liability insurance including Contractual Liability insurance $1,000,000.00 per occurrence; $2,000,000.00 aggregate Worker’s Compensation including Broad Form All States endorsement Statutory amount Professional Liability $1,000,000.00 per claim/aggregate Automobile Liability insurance $1,000,000.00 combined single limit for (1) Any Auto or (2) All Owned, Hired, and Non- Owned Autos Employer’s Liability Bodily Injury by Accident $500,000.00 (each accident); Bodily Injury by Disease $500,000.00 (policy limit); Bodily Injury by Disease $500,000.00 (each employee) Excess Liability Coverage, or Umbrella Coverage, for Commercial General Liability and Automobile Liability $1,000,000.00 Aggregate Limits are per 12-month policy period unless otherwise indicated.
Risks and Limits of Liability. Contractor shall maintain the following insurance coverages in the following amounts: Aggregate Limits are per 12-month policy period unless otherwise indicated.
Risks and Limits of Liability. Developer shall maintain the following coverages and limits of liability:
Risks and Limits of Liability. Operator shall maintain the following insurance coverages in the following amounts:
Risks and Limits of Liability. ▇▇▇▇ shall provide at a minimum insurance coverage and limits of liability set out in Table 1 with no gaps in coverage between primary and excess coverage.
11.2.1.1 If Limit of Liability for Excess Coverage is $2,000,000 or more, Limit of Liability for Employer's Liability may be reduced to $500,000.