2Liability Insurance Sample Clauses
The Liability Insurance clause requires one or both parties to maintain insurance coverage that protects against claims arising from bodily injury, property damage, or other liabilities connected to the contract's activities. Typically, this clause specifies the minimum coverage amounts, the types of risks covered, and may require proof of insurance or that the other party be named as an additional insured. Its core function is to allocate risk and ensure that financial resources are available to cover potential losses, thereby protecting both parties from significant financial exposure due to unforeseen incidents.
2Liability Insurance. Tenant shall obtain and keep in force during the Term of this Lease policies of casualty and comprehensive public liability insurance insuring Landlord and Tenant against any damage or liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be in an amount of not less than $2,000,000 Combined Single Limit per Occurrence and $4,000,000 Annual Aggregate. A combination of Primary and Umbrella coverages is acceptable in reaching these limits. Tenant will name Landlord as “Additional Insured-Manager or Landlord of Premises” on all liability insurance policies. If Tenant shall fail to procure and maintain such insurance, Landlord may, but shall not be required to, procure and maintain the same, but at the expense of Tenant.
2Liability Insurance. Subject to Section 11.6, the Facility Lessee will maintain (or cause to be maintained) commercial general liability insurance, including contractual liability coverage and sudden and accidental pollution liability coverage, and commercial automobile liability insurance, insuring against claims for bodily injury (including death) and property damage to third parties arising out of the ownership, operation, maintenance, condition and use of the Facility and the Facility Site, with limits of not less than $50,000,000 per occurrence and in the annual aggregate scaled proportionately to the Facility Lessee's interest with a deductible not to exceed $2,500,000 per occurrence as respects the Facility Lessee's interest or such other higher amount customarily maintained by prudent operators of coal-fired electric generating facilities of comparable size and risk of the Facility. The Facility Lessee will periodically review the liability insurance maintained by it or on its behalf and will, if necessary, revise such coverage and limits (including deductibles) in order that the liability insurance maintained by it or on its behalf is consistent with that maintained by prudent operators of similar facilities of comparable size and risk to the Facility; provided that the Facility Lessee may not (except as permitted by Section 11.6 below) increase deductibles above or decrease coverage or limits below the requirements set forth herein without the written consent of the Owner Lessor, which such consent shall not be unreasonably withheld. Such liability insurance may be purchased either in a single limit or in combination with a general and an excess policy. Section 11.3Provisions with Respect to Insurance. (a) In respect of the insurance required to be maintained or caused to be maintained by the Facility Lessee under this Section 11, the Facility Lessee will, or will use reasonable efforts in respect of insurance that it does not directly effect, but for which it has benefit, subject to Section 11.6 below, (i) place the insurance maintained pursuant to this Section 11.3 with companies having an A.M. Best rating of at least "A-" or, if not so rated, of comparable financial strength, (ii) except in the case of any insurance issued pursuant to Section 11.1, name the Owner Lessor, the Lessor Manager (both in its individual capacity and as manager), the Owner Participant, the Equity Investor, the Equity Subsidiary Holding Company, the Equity Subsidiary, the Lease Indenture T...
2Liability Insurance. When you will be an intern abroad, one of the most important insurances you need to think of is the liability insurance. With regards to this as well, VU Amsterdam has a collective liability insurance too. You are automatically covered by this provided that you will go to your internship placement on invitation. This means that you do not need to apply for this insurance. It has to be mentioned though that this insurance has an own risk and that the faculties are liable to the first: • € 100.000 when it concerns injury • € 10.000 when it concerns property damage This counts per incident. The liability is determined per incident. Please note that activities of medical nature are not covered by the liability insurance. In that case the student needs to arrange their own liability insurance or arrange that they are covered by the liability insurance of the medical institution. More information about how to report damage, can be found on VUnet. Additionally, it is always advisable to take out an individual liability insurance as well for the liability insurance of VU Amsterdam is considered to be more of a supplementary nature.
1. 3Accident insurance You are not insured for accidents via VU Amsterdam. Therefore, you need to close this type of insurance yourself. Needless to say, it is very important that you are adequately covered for this when you plan on partaking in an internship abroad.