Business Manager's Insurance. (a) 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 and in a manner consistent with good business practice, appropriate workers' compensation coverage for Business Manager's employed personnel provided to Practice pursuant to this Management Services Agreement, and professional, casualty and comprehensive general and vicarious liability insurance covering Business Manager, the Office, 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. Upon the request of Practice, Business Manager shall provide Practice with a certificate evidencing such insurance coverage and Business Manager shall use commercially reasonable efforts to list Practice as an additional insured. Business Manager may also carry, as an Office Expense, key person life and disability insurance on any Physician in amounts determined reasonable and sufficient by Business Manager. Business Manager shall be the owner and beneficiary of any such insurance.
Appears in 2 contracts
Samples: Management Services Agreement (Novamed Eyecare Inc), Management Services Agreement (Novamed Eyecare Inc)
Business Manager's Insurance. (a) 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 and in a manner consistent with good business practice, appropriate workers' compensation coverage for Business Manager's employed personnel provided to Practice pursuant to this Management Services Agreement, and professional, casualty and comprehensive general and vicarious liability insurance covering Business Manager, the Office, 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. Upon the request of Practice, Business Manager shall provide Practice with a certificate evidencing such insurance coverage and Business Manager shall use commercially reasonable efforts to list Practice as an additional insured. Business Manager may also carry, as an Office Expense, key person life and disability insurance on any Physician in amounts determined reasonable and sufficient by Business Manager. Business Manager shall be the owner and beneficiary of any such insurance.
Appears in 1 contract
Samples: Management Services Agreement (Novamed Eyecare Inc)
Business Manager's Insurance. (a) 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 and in a manner consistent with good business practice, appropriate workers' compensation coverage for Business Manager's employed personnel provided to Practice pursuant to this Management Services Agreement, and professional, casualty and comprehensive general and vicarious liability insurance covering Business Manager, the Office, 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. Upon the request of Practice, Business Manager shall provide Practice with a certificate evidencing such insurance coverage and Business Manager shall use commercially reasonable efforts to list Practice and, in the case of comprehensive general liability coverage, Physician-Shareholder, as an additional insured. Business Manager may also carry, as an Office Expense, key person life and disability insurance on any Physician in amounts determined reasonable and sufficient by Business Manager. Business Manager shall be the owner and beneficiary of any such insurance.
Appears in 1 contract
Samples: Management Services Agreement (Novamed Eyecare Inc)