Common use of Types and Amounts of Coverage Clause in Contracts

Types and Amounts of Coverage. Without limiting Contractor's liability pursuant to Article 9, Contractor shall maintain in force, during the full term of this Agreement, insurance in the following amounts and coverages: a. Property insurance on an all-risk form (excluding earthquake coverage) in an amount equal to the amount specified in the Supplemental Basic Information, which is one hundred percent (100%) of the replacement value of the Equipment. Such amount shall be adjusted annually upon renewal of the policy to ensure consistent full replacement value. Any deductible under such policy shall not exceed five thousand dollars ($5,000), each loss. b. Commercial General Liability Insurance with limits not less than $1,000,000 each occurrence Combined Single Limit for Bodily Injury and Property Damage, including Contractual Liability, Personal Injury, Products and Completed Operations;