Common use of Aircraft and Watercraft Liability Insurance Clause in Contracts

Aircraft and Watercraft Liability Insurance. Where determined necessary by the Contractor, acting reasonably, aircraft and watercraft liability insurance will be obtained in accordance with the provisions of paragraph 11.1.3. Aircraft and watercraft liability insurance with respect to owned or non-owed aircraft and watercraft if used directly or indirectly in the performance of the Work, including use of Additional premises, shall be subject to limits of not less than $2,000,000.00 inclusive per occurrence for bodily injury, death and damage to property, including loss of use thereof and limits of not less than $2,000,000.00 for aircraft passenger hazard. Such insurance shall be in a form acceptable to the Owner. The policies shall be endorsed to provide the Owner with not less than 30 days’ notice, in writing, in advance of cancellation, change or amendment restricting coverage. .4