Types and Amounts of Insurance Coverage Clause Samples

The "Types and Amounts of Insurance Coverage" clause defines the specific categories and minimum levels of insurance that a party must maintain under a contract. It typically outlines requirements such as general liability, professional liability, or workers’ compensation insurance, and specifies the minimum coverage limits for each type. This clause ensures that adequate financial protection is in place to cover potential risks or liabilities arising from the contractual relationship, thereby safeguarding both parties against unforeseen losses.
Types and Amounts of Insurance Coverage. Subrecipient shall provide the following types of insurance designated in this section by a check ▇▇▇▇ that includes coverage limits complying, at a minimum, with the limits set forth herein:
View SourceView Similar (3)
Types and Amounts of Insurance Coverage. Throughout the Lease Term, Tenant shall obtain and maintain the following types and amounts of insurance: (a) Commercial General Liability
View SourceView Similar (2)
Types and Amounts of Insurance Coverage. Housing Authority shall provide the following types of insurance designated in this section by a check mark that includes coverage limits complying, at a minimum, with the limits set forth herein:
View Source
Types and Amounts of Insurance Coverage. After Substantial Completion and throughout the remainder of the Lease Term, Tenant shall obtain and maintain the following types and amounts of insurance covering the interests in the Premises of Tenant, Landlord and any Lender (Landlord and Lender as additional insureds, as their interests may appear): (a) Commercial General Liability
View Source
Types and Amounts of Insurance Coverage. Throughout the Lease Term, Tenant shall obtain and maintain the following types and amounts of insurance: (a) Insurance (on an occurrence basis) against all risks of direct physical loss (“Causes of Loss -Special Form”), including loss by fire, lightning, flooding (if the Premises are in a flood zone), earthquakes (if the Premises are in an earthquake zone), and other risks which at the time are included under “extended coverage” endorsements, on ISO form CP1030, or its equivalent, in amounts sufficient to prevent Landlord and Tenant from becoming a coinsurer of any loss, but in any event in amounts not less than 100% of the actual replacement cost of the Improvements, exclusive of foundations and excavations, without any exclusions other than standard printed exclusions and without exclusion for terrorism and with commercially reasonable deductibles; (b) Commercial general liability insurance and/or umbrella liability insurance (on an occurrence basis), on ISO form CG 0001 1207, or its equivalent, against claims for bodily injury, death, or property damage occurring on, in, or at the Premises in the minimum amounts of $10,000,000 for any one accident and $5,000,000 for property damage to others or in such greater amounts as are then customary and commercially reasonable for property similar in use to the Premises, with defense to be provided as an additional benefit and not within the limits of liability and with commercially reasonable deductibles; (c) Rent loss insurance or business interruption insurance in an amount sufficient to cover loss of rents from the Premises pursuant to this Lease for a period of at least 12 months, with endorsements to cover interruption of utilities outside of the Premises; (d) Worker’s compensation insurance to the extent required by the law of the state in which the Premises are located; (e) Boiler and machinery insurance in respect of any boilers and similar apparatus located on the Premises in the minimum amount of $500,000 or in such greater amounts as to adequately insure the Premises; (f) During any period of construction on the Premises, builder’s risk insurance on a completed value, non-reporting basis for the total cost of such alterations or improvements, and workers’ compensation insurance as required by applicable law. This coverage may be provided by Tenant’s property insurance pursuant to this Section 12.1; and (g) After the first 10 Lease Years of the Lease Term, and after every 10th Lease Year thereafter, L...
View Source

Related to Types and Amounts of Insurance Coverage

  • Minimum Amounts of Insurance The Consultant shall maintain the following insurance limits: 1. Automobile Liability insurance with a minimum combined single limit for bodily injury and property damage of $1,000,000 per accident. 2. Commercial General Liability insurance shall be written with limits no less than $1,000,000 each occurrence, $2,000,000 general aggregate.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Insurance Coverages The Consultant shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City: (a) General Liability Insurance (Occurrence Form CG0001 or equivalent). A policy of comprehensive general liability insurance written on a per occurrence basis for bodily injury, personal injury and property damage. The policy of insurance shall be in an amount not less than $1,000,000.00 per occurrence or if a general aggregate limit is used, then the general aggregate limit shall be twice the occurrence limit.