Common use of Business Manager's Insurance Clause in Contracts

Business Manager's Insurance. Throughout the Term, Business Manager shall, as an Office Expense, obtain and maintain with commercial carriers, through self-insurance or some combination thereof, appropriate workers' compensation coverage for Business Manager's employed personnel provided pursuant to this Business Management Agreement, and professional, casualty and comprehensive general liability insurance covering Business Manager, Business Manager's personnel, and all of Business Manager's equipment in such amounts, on such basis and upon such terms and conditions as Business Manager deems appropriate. Such insurance policies shall be issued by a carrier or carriers having a current rating of not less than "A" as rated by A.M. Best Company, unless the Practice agrees in writing to the purchase of a policy or policies from a carrier having a lesser rating than "A". Business Manager shall cause the Practice to be named as an additional insured on Business Manager's casualty and comprehensive general liability policy. Business Manager hereby releases the Practice from any and all liability for losses or damages caused by any act or neglect of the Practice occurring after the effective date hereof to the extent that such losses or damages are covered by insurance; provided, however, that such release shall not apply to any loss or damage caused by the willful, wanton, or premeditated negligence of the Practice. Business Manager shall obtain from any insurance company issuing the foregoing policies its consent to the release from liability contained in this Section. Upon the request of the Practice, Business Manager shall provide the Practice with a certificate evidencing such insurance coverage. Business Manager may also obtain key man life insurance policies on the life of any Shareholder as is consistent with 1.18(n).

Business Manager's Insurance. Throughout the Term, Business ------------------------------ Manager shall, as an Office Expense, obtain and maintain with commercial carriers, through self-insurance or some combination thereof, appropriate workers' compensation coverage for Business Manager's employed personnel provided pursuant to this Business Management Agreement, and professional, casualty and comprehensive general liability insurance covering Business Manager, Business Manager's personnel, and all of Business Manager's equipment in such amounts, on such basis and upon such terms and conditions as Business Manager deems appropriate. Such insurance policies shall be issued by a carrier or carriers having a current rating of not less than "A" as rated by A.M. Best Company, unless the Practice agrees in writing to the purchase of a policy or policies from a carrier having a lesser rating than "A". Business Manager shall cause the Practice to be named as an additional insured on Business Manager's casualty and comprehensive general liability policy. Business Manager hereby releases the Practice from any and all liability for losses or damages caused by any act or neglect of the Practice occurring after the effective date hereof to the extent that such losses or damages are covered by insurance; provided, however, that such release shall not apply to any loss or damage caused by the willful, wanton, or premeditated negligence of the Practice. Business Manager shall obtain from any insurance company issuing the foregoing policies its consent to the release from liability contained in this Section. Upon the request of the Practice, Business Manager shall provide the Practice with a certificate evidencing such insurance coverage. Business Manager may also obtain key man life insurance policies on the life of any Shareholder as is consistent with 1.18(n).