Certificate/Additional Insured Sample Clauses
The Certificate/Additional Insured clause requires one party, typically a contractor or service provider, to provide proof of insurance coverage and to name the other party as an additional insured on their policy. In practice, this means the insured party must obtain a certificate from their insurer confirming that the other party is covered under their liability policy for specific activities or projects. This clause ensures that the additional insured has direct protection under the insurance policy, reducing their exposure to potential claims and liabilities arising from the actions of the insured party.
Certificate/Additional Insured. Simultaneously with the execution of this Agreement by Licensee, and thereafter as requested by Licensor, Licensee shall provide Licensor and Agent with a certificate of insurance (the original or a translation of which must be provided in English) evidencing such insurance. Licensor and Agent shall be named as additional insureds on such insurance coverage. Such certificate shall provide for ten (10) days notice to Licensor from the insurer by certified or registered mail, return receipt requested, of any modification, cancellation or termination.