Common use of Consortium Insurance Clause in Contracts

Consortium Insurance. Consortium will obtain and maintain adequate insurance to cover Consortium’s operations. Without otherwise limiting the generality of the immediately preceding sentence, Consortium will obtain and maintain, in addition to all other insurance required under this Agreement, the following minimum levels of insurance: (a) general liability insurance for all losses or claims arising out of or related to Consortium’s operations (including, without limitation, damages as a result of death or injury to any person or destruction or damage to any property) with limits of no less than $1,000,000.00 per occurrence, $2,000,000.00 in the aggregate; (b) if applicable, employer liability insurance with limits of no less than $500,000.00 per occurrence and in the aggregate; and (c) workers’ compensation insurance in form and amount sufficient to satisfy the requirements of applicable Oregon law (the workers’ compensation insurance policy will contain a waiver of subrogation in favor of each Party). Each liability insurance policy required under this Agreement will be in form and content satisfactory to the Board, will list each Party (and each Party’s Representatives) as additional insured(s), and will contain a severability of interest clause. Notwithstanding anything in this Agreement to the contrary, the Board may increase the minimum levels of insurance (or types of insurance) Consortium is required to carry under this Agreement so that Consortium’s insurance at least equals the applicable limits of liability identified under the Oregon Tort Claims Act (ORS 30.260 – ORS 30.300).

Consortium Insurance. Consortium will obtain and maintain adequate insurance to cover Consortium’s operations. Without otherwise limiting the generality of the immediately preceding sentence, Consortium will obtain and maintain, in addition to all other insurance required under this Agreement, the following minimum levels of insurance: (a) general liability insurance for all losses or claims arising out of or related to Consortium’s operations (including, without limitation, damages as a result of death or injury to any person or destruction or damage to any property) with limits of no less than $1,000,000.00 per occurrence, $2,000,000.00 in the aggregate; (b) if applicable, employer liability insurance with limits of no less than $500,000.00 per occurrence and in the aggregate; and (c) workers’ compensation insurance in form and amount sufficient to satisfy the requirements of applicable Oregon law (the workers’ compensation insurance policy will contain a waiver of subrogation in favor of each Party). Each liability insurance policy required under this Agreement will be in form and content satisfactory to the Board, will list each Party (and each Party’s Representatives) as additional insured(s), and will contain a severability of interest clause. Notwithstanding anything in this Agreement to the contrary, the Board may increase the minimum levels of insurance (or types of insurance) Consortium is required to carry under this Agreement so that Consortium’s insurance at least equals the applicable limits of liability identified under the Oregon Tort Claims Act (ORS 30.260 – ORS 30.300).

Consortium Insurance. Consortium will obtain and maintain adequate insurance to cover Consortium’s operations. Without otherwise limiting the generality of the immediately preceding sentence, Consortium will obtain and maintain, in addition to all other insurance required under this Agreement, the following minimum levels of insurance: (a) general liability insurance for all losses or claims arising out of or related to Consortium’s operations (including, without limitation, damages as a result of death or injury to any person or destruction or damage to any property) with limits of no less than $1,000,000.00 per occurrence, $2,000,000.00 in the aggregate; (b) if applicable, employer liability insurance with limits of no less than $500,000.00 per occurrence and in the aggregate; and (c) workers’ compensation insurance in form and amount sufficient to satisfy the requirements of applicable Oregon law (the workers’ compensation insurance policy will contain a waiver of subrogation in favor of each Party). Each liability insurance policy required under this Agreement will be in form and content satisfactory to the Board, will list each Party (and each Party’s Representatives) as additional insured(s), and will contain a severability of interest clause. Notwithstanding anything in this Agreement to the contrary, the Board may increase the minimum levels of insurance (or types of insurance) Consortium is required to carry under this Agreement so that Consortium’s insurance at least equals the applicable limits of liability identified under the Oregon Tort Claims Act (ORS 30.260 – ORS 30.300).