Common use of A Professional Liability (E&O Clause in Contracts

A Professional Liability (E&O. policy purchased by Bloom Fuel Cells for all design work and defects in an amount of not less than $1 million per occurrence with a max $250,000 deductible. If the policy is written on a claims-made basis, the retroactive date may not be advanced beyond the date of this agreement and coverage shall be maintained in full force and effect for [***] years after Final Completion, which coverage may be in the form of tail coverage or extended reporting period coverage if agreed to by the Investor.

A Professional Liability (E&O. policy purchased by Bloom Fuel Cells for all design work and defects in an amount of not less than $1 million per occurrence with a max $250,000 deductible. If the policy is written on a claims-made basis, the retroactive date may not be advanced beyond the date of this agreement and coverage shall be maintained in full force and effect for [***] two (2) years after Final Completion, which coverage may be in the form of tail coverage or extended reporting period coverage if agreed to by the Investor.