Common use of 1Insurance Clause in Contracts

1Insurance. When performing work on property in the care, custody or control of the AOC Group and AOC Agents, Contractor shall maintain the following insurance: (a) Commercial general liability insurance, including bodily injury, property damage and products/completed operations coverage in the amount of not less than three million dollars ($3,000,000) each occurrence or aggregate where applicable; (b) Workers’ Compensation coverage providing statutory benefits, and employer's liability insurance with minimum limits of one million dollars ($1,000,000) each accident/each employee covering all employees; (c) Business auto liability, including coverage for all owned, hired and non-owned automobiles used in connection with delivery of the Services, with limits of not less than one million dollars $1,000,000 each accident; and (d) Professional errors and omissions liability insurance in an amount of not less than one million dollars ($1,000,000) in aggregate. Contractor shall furnish separate certificates of insurance for each subcontractor. Insurance coverages provided by subcontractors as evidence of compliance with the insurance requirements of this Section 21.1 shall be subject to all of the requirements stated herein except for professional errors and omissions liability insurance. All insurance which Contractor is obligated to carry pursuant to this Agreement, shall (i) with respect to commercial general liability and business auto liability insurance, be endorsed to name the AOC Group as an additional named insured, and (ii) require the insurer to provide at least thirty (30) days prior written notice to the AOC of cancellation. For full coverage, each insurance policy shall be written on an “occurrence” form; excepting that insurance for professional liability, errors and omissions when required, may be acceptable on a “claims made” form. Contractor shall cause its insurers to issue to the AOC on or before the Effective Date certificates of insurance evidencing that the coverages required under this Agreement are maintained in force. The insurers selected by Contractor shall be reputable and financially responsible insurance carriers, with a Best’s minimum rating of “A+” (or any future equivalent).

1Insurance. When performing work on property in the care, custody or control of the AOC Group and AOC AgentsAOC, Contractor the Vendor shall maintain the following insurance: (a) Commercial general liability insurance, including providing coverage for bodily injury, property damage and products/completed operations coverage operations, in the amount of not less than three five million dollars ($3,000,0005,000,000) each per occurrence or in the aggregate where applicable; (b) Workers’ Compensation coverage providing statutory benefits, and employer's ’s liability insurance with minimum limits of one million dollars ($1,000,000) each accident/each per employee per accident and covering all employees; (c) Business auto liability, including coverage for all owned, hired and non-owned automobiles used in connection with delivery of the Services, with limits of not less than one million dollars $1,000,000 each per accident; and (d) Professional errors and omissions liability insurance in an amount of not less than one million dollars ($1,000,000) in aggregate. Contractor The Vendor shall furnish separate certificates of insurance for each subcontractorVendor Agent. Insurance coverages provided by subcontractors the Vendor Agents as evidence of compliance with the insurance requirements of this Section 21.1 26.1 shall be subject to all of the requirements stated herein except for professional errors and omissions liability insurance. All insurance which Contractor the Vendor is obligated to carry pursuant to this Agreement, shall (i) with respect to commercial general liability and business auto liability insurance, be endorsed to name the AOC Group as an additional named insured, and (ii) require the insurer to provide at least thirty (30) days prior written notice to the AOC of cancellation. For full coverage, each insurance policy shall be written on an “occurrence” form; excepting that insurance for professional liability, errors and omissions when required, may be acceptable on a “claims made” form. Contractor The Vendor shall cause its insurers to issue to the AOC on or before the Effective Date certificates of insurance evidencing that the coverages required under this Agreement are maintained in force. The insurers selected by Contractor Vendor shall be reputable and financially responsible insurance carriers, with a Best’s minimum rating of “A+A-” (or any future equivalent).