Advisor’s Insurance Sample Clauses

Advisor’s Insurance. During the term of this Agreement, Advisor, as a reimbursable cost under this Agreement with regard to subsection (b) below, shall maintain in full force and effect the following kinds of insurance and levels of coverage: (a) Commercial general liability (naming the Company as an additional insured), which is similar in scope of coverage to that maintained by other like advisory firms with insurance limits of liability of not less than Five Million Dollars ($5,000,000.00), combined single limits covering both bodily injury (including death) and property damage, and including contractual liability coverage. Such insurance will be excess and will not contribute with defense or other coverage afforded under any policy of insurance carried by the Company. Unless otherwise approved in writing by the Company, Advisor will require all independent contractors it employs hereunder to maintain liability insurance in the minimum amount of One Million Dollars ($1,000,000.00), combined single limit, covering both bodily injury (including death) and property damage. (b) Workers’ compensation and employer’s liability insurance in the amount not less than required by applicable laws, covering all employees of Advisor who are engaged in any work under this Agreement. (c) Commercial automobile liability insurance covering both owned and non-owned vehicles, with limits of not less than $1,000,000 for bodily injury and property damage, when the services to be performed require the use of a motor vehicle. An umbrella or excess liability policy can be used to meet the above-referenced limits.
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Advisor’s Insurance. Advisor has procured and shall maintain at all times at its expense during the term of this Agreement Errors and Omissions/Professional Liability Insurance and Financial Institutional Bond Insurance in the amount of $5,000,000 per claims made and in the aggregate. If requested to do so, Advisor shall furnish to AGAR on an annual basis a certificate evidencing such insurance setting forth (i) the amount(s) and types of coverage, (ii) policy number(s), (iii) expiration date(s), (iv) carrier name(s), and (v) deductibles. Furthermore, Advisor shall promptly provide Notice to AGAR of any termination or reduction in the amount or scope of coverage. Advisor shall be permitted to maintain the foregoing coverage on a "blanket" or "umbrella" basis; provided that in no event shall less than the full amount of coverage required by this Agreement be available for claims arising hereunder or in connection herewith. The maintenance of Errors and Omission/Professional Liability Insurance or Financial Institutional Bond Insurance shall not release Advisor from any obligations or liabilities under this Agreement.
Sample 1
Advisor’s Insurance. The ADVISOR shall offer proof that the ADVISOR maintains a fidelity bond and a fiduciary liability insurance policy that adequately safeguard the assets of the Fund. Proof of such bond and insurance coverage, including the limits thereon, shall be filed with the Secretary of the BOARD in the form of a certificate of insurance prior to the allocation of the Fund’s assets to the ADVISOR. The certificate of insurance shall (i) specify the maximum limits of liability per incident and in the aggregate, (ii) specify the amount of any deductible, and (iii) contain an endorsement that the bond or insurance coverage will not be cancelled or materially changed unless the insurer has notified the BOARD in writing by certified mail or fax at least thirty days prior to the cancellation or change to the extent that such endorsement can be obtained. In the event that either the insurer refuses to agree in writing to provide such notice to the BOARD after commercially reasonable efforts by the ADVISOR to obtain such an agreement or the insurer expressly disavows liability for its failure to provide such notice, the ADVISOR shall assume the duty to provide notice of cancellation or change to the BOARD, as well as liability to the BOARD for losses resulting in ADVISOR’s failure to provide such notice that could have been covered by the insurance or bond. The ADVISOR shall submit to the Secretary of the BOARD a written statement that sets forth the basis on which the limits of liability under the bond and insurance coverage were established. The BOARD may, in its discretion, make such changes with respect to insurance coverage and bonding as it reasonably deems appropriate for the protection of the Fund by giving written notice of such changes to the ADVISOR at least 30 days in advance of the effective date for such changes.
Sample 1
Advisor’s Insurance 
Sample 1

Related to Advisor’s Insurance

  • Lessor’s Insurance The Lessor, the Indenture Trustee or the Owner Participant may insure the Airframe or any Engine at its own cost and expense, including insuring the Aircraft for amounts in excess of the Stipulated Loss Value of the Aircraft, provided that any insurance so maintained by the Lessor, the Indenture Trustee or the Owner Participant shall not result in a reduction of coverage or amounts payable under insurance required or permitted to be maintained by the Lessee under this Article 13 or increase the cost to the Lessee of maintaining such insurance; provided further, that any insurance policies of the Lessor, the Indenture Trustee or the Owner Participant insuring the Airframe or any Engine shall provide for a release to the Lessee of any and all salvage rights in and to the Airframe or any Engine.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

  • Subcontractors’ Insurance If a part of the Agreement is to be sublet, the Consulting Engineer/Architect shall either: a. Cover all subcontractors in its insurance policies, or b. Require each subcontractor not so covered to secure insurance which will protect subcontractor against all applicable hazards or risks of loss as and in the minimum amounts designated. Whichever option is chosen, Consulting Engineer/Architect shall indemnify and hold harmless the City as to any and all damages, claims or losses, including attorney's fees, arising out of the acts or omissions of its subcontractors.

  • Manager’s Insurance If requested by Owner at any time during the Term, Manager (as a reimbursable expense under this Agreement) and any independent contractors employed by Manager (at such contractor's expense) shall maintain in full force and effect commercial general liability, workers' compensation, employer's liability and such other insurance as Owner may reasonably require with such limits as are customary for managers of similar first class projects in the area.

  • Renter’s Insurance (check one)

  • Business Insurance The Transaction Entities and their respective subsidiaries carry or are entitled to the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as is generally maintained by companies of established repute engaged in the same or similar business, and all such insurance is in full force and effect. Neither of the Transaction Entities has any reason to believe that it or any of their respective subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to, singly or in the aggregate, result in a Material Adverse Effect.

  • Owner’s Insurance Owner agrees to carry public liability, elevator liability and contractual liability insurance (specifically insuring the indemnity provisions contained in Section 10.1 above), and such other insurance as the parties agree to be necessary or desirable for the protection of the interests of Owner and Manager, which may be provided through an umbrella policy. In each such policy of insurance, Owner shall designate Manager as a party insured with Owner and the carrier and the amount of coverage in each policy shall be mutually agreed upon by Owner and Manager. A certificate of each policy issued by the carrier shall be delivered promptly to Manager by Owner. All policies shall provide for 30 days' written notice to Manager and Owner prior to cancellation, non-renewal or material amendment.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Professional Liability (Errors and Omissions) Insurance Limits shall not be less than the following: (a) For Projects with a budgeted construction cost of more than $30,000,000: i. For Design Professionals – $3,000,000 per claim and $4,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $2,000,000 per claim and $3,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $2,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (b) For Projects with a budgeted construction cost of $20,000,000 up to $30,000,000: i. For Design Professionals – $2,000,000 per claim and $3,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $1,000,000 per claim and $2,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $1,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (c) For Projects with a budgeted construction cost of less than $20,000,000: i. For Design Professionals – $1,000,000 per claim and $1,000,000 in aggregate coverage; ii. For Subconsultant Engineers and Architects – $1,000,000 per claim and $1,000,000 in aggregate coverage; iii. For Other Consultants – $1,000,000 per claim and $1,000,000 in aggregate coverage. At the Design Professional’s request, the Owner may, at its sole discretion, agree to a lower limit for certain consultants. (d) The Design Professional shall maintain professional liability insurance that shall be either a practice policy or project-specific coverage. Professional liability insurance shall contain prior acts coverage for services performed by the Design Professional for this Project. If project-specific coverage is used, these requirements shall be continued in effect for three years following the issuance of the Certificate of Final Completion for the Project.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

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