Company Coverage Sample Clauses
The Company Coverage clause defines the scope and extent of insurance or protection provided to the company under an agreement. Typically, it outlines which risks, liabilities, or losses are covered, and may specify the types of incidents, such as property damage or third-party claims, that fall within the policy's protection. This clause ensures that the company is adequately safeguarded against specified risks, thereby allocating risk and providing clarity regarding the company's entitlements in the event of a covered incident.
Company Coverage. Company will procure and maintain during the term of this Agreement comprehensive liability and product liability insurance to the full amount of Company insurance limits, but in no event less than $5,000,000 per occurrence, with a reputable and financially secure insurance carrier. The insurance will include The Board of Trustees of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Junior University, its trustees, directors, employees, agents, subcontractors, volunteers and students as additional insureds with respect to this Agreement. This insurance will be written to cover claims incurred, discovered, manifested, or made during or after the expiration of this Agreement.
Company Coverage. Company agrees to provide secondary technical support for the UK Core Software directly to Distributor at its single Site, in T▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇▇▇ (“Support Services”). Distributor will escalate technical issues to the Company only after Distributor has exhausted all reasonable avenues of solving Errors or End User issues with the UK Core Software. Only designated Distributor employees may contact Company regarding Support Services. Company shall respond to all Distributor requests for Support Services within four (4) Support Hours.
Company Coverage. Should Consultant be unable or unwilling to meet all of the insurance requirements detailed above, an amount equal to two percent (2%) of all fees paid by Consultant to Company shall be charged to offset the cost of covering Consultant’s insurance requirements. Such fee shall be deducted from all Consultant payments, excluding pre-approved and properly documented expenses.