Common use of Contractor’s and Subcontractor’s Insurance Clause in Contracts

Contractor’s and Subcontractor’s Insurance. Manager will require that all parties performing work on or with respect to the Property, including, contractors, subcontractors and service vendors, maintain insurance coverage at such parties' expense, in the following minimum amounts: (a) Workers' Compensation - Statutory amount. (b) Employer's Liability - $500,000 each accident; $500,000 disease-policy limit; $500,000 disease - each employee. (c) Automobile Liability - $1,000,000 covering losses due to the insurer's liability for bodily injury or property damage. (d) Medical Expenses - $5,000 per person per accident. (e) Uninsured/Underinsured Motorists' Coverage- $1,000,000. (f) Commercial General Liability: Bodily injury and property damage - $1,000,000 combined single limit with Contractual Liability coverage. (g) Excess Liability Coverage - $5,000,000 or such greater amount as is needed for the specific job.

Appears in 3 contracts

Samples: Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Contractor’s and Subcontractor’s Insurance. Manager will require that all parties performing work on or with respect to the Property, including, contractors, subcontractors and service vendors, maintain insurance coverage at such parties' expense, in the following minimum amounts: (a) Workers' Compensation - Statutory amount. (b) Employer's ’s Liability - $500,000 each accident; $500,000 disease-policy limit; $500,000 disease - each employee. (c) Automobile Liability - $1,000,000 covering losses due to the insurer's ’s liability for bodily injury or property damage. (d) Medical Expenses - $5,000 per person per accident. (e) Uninsured/Underinsured Motorists' Coverage- $1,000,000. (f) Commercial General Liability: Bodily injury and property damage - $1,000,000 combined single limit with Contractual Liability coverage. (g) Excess Liability Coverage - $5,000,000 or such greater amount as is needed for the specific job.

Appears in 3 contracts

Samples: Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Contractor’s and Subcontractor’s Insurance. Unless Owner agrees otherwise, Manager will require that all parties performing work on or with respect to the Property, including, contractors, subcontractors and service vendors, maintain insurance coverage at such parties' expense, in the following minimum amounts: (a) Workers' Compensation - ’ Compensation: Statutory amount. (b) Employer's Liability - ’s Liability: $500,000 each accident; $500,000 disease-policy limit; $500,000 disease - each employee. (c) Automobile Liability - Liability: $1,000,000 covering losses due to the insurer's ’s liability for bodily injury or property damage. (d) Medical Expenses - Expenses: $5,000 per person per accident. (e) Uninsured/Underinsured Motorists' Coverage- ’ Coverage: $1,000,000. (f) Commercial General Liability: Bodily injury and property damage - $1,000,000 combined single limit with Contractual Liability coverage. (g) Excess Liability Coverage - Coverage: $5,000,000 2,000,000 or such greater amount as is needed for the specific job.

Appears in 1 contract

Samples: Property Management Agreement (One Chestnut Realty LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!