Insurance Policy definition
Examples of Insurance Policy in a sentence
This policy shall be written as a Contractor Controlled Insurance Policy (as defined in Section 1(D) below) and provide coverage against claims for bodily injury (including bodily injury and death) and property damage (including loss of use) caused by or arising out of pollution incidents arising from the activities of Contractor or any of its Subcontractors or Sub-subcontractors at or near the Site, and shall include contractual liability per the terms and conditions of such policy.
As such, the workers’ compensation insurance provided by the Contractor Controlled Insurance Policy shall be considered the sole exclusive remedy for any claims by such “employees” against Owner, Contractor, Enrolled Subcontractors and their respective employees, by employees of Contractor and its Enrolled Subcontractors for injuries, including death, while performing work or services for the Project.
All insurance provided under the Contractor Controlled Insurance Policy shall be primary and not excess to or on a contributing basis with any similar project specific insurance or self- insurance maintained by Contractor or its Enrolled Subcontractors.
The commercial general liability insurance, Contractor’s pollution liability insurance, umbrella or excess liability insurance, builder’s risk insurance, marine cargo insurance, builder’s risk delayed start up insurance, marine cargo delayed startup insurance and any other Contractor Controlled Insurance Policy required to be provided by Contractor shall be subject to Owner’s written approval, not to be unreasonably withheld.
Each enrolled party will have the benefit of the insurances placed in the Contractor Controlled Insurance Policy, as more fully set forth in the Contractor Controlled Insurance Policy Manual.