Coverage Minimum Requirement Clause Samples
The Coverage Minimum Requirement clause sets a baseline level of insurance or protection that a party must maintain under a contract. Typically, this clause specifies the types and amounts of coverage required, such as general liability or professional indemnity insurance, and may require proof of such coverage before work begins or throughout the contract term. Its core function is to ensure that adequate financial resources are available to address potential risks or liabilities, thereby protecting both parties from unforeseen losses.
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Automobile Liability Insurance - Any Auto
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 3,000,000 Workers Compensation Statutory Limits Cyber and Privacy (may be included in general liability if expressly identified) Each Occurrence General Aggregate $ 1,000,000 $ 3,000,000
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Contractual Liability, Products Liability, Completed Operations and Broad Form Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 1,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000 Proof of Carriage of Insurance. The Contractor shall not commence performing any portion of the Services until all required insurance has been obtained and certificates indicating the required coverage’s have been delivered in duplicate to the District and approved by the District. Certificates and insurance policies shall include the following: A clause stating: “This policy shall not be canceled or reduced in required limits of liability or amounts of insurance until notice has been mailed to the District, stating date of cancellation or reduction. Date of cancellation or reduction shall not be less than thirty (30) days after date of mailing notice.” Language stating in particular those insured, extent of insurance, location and operation to which insurance applies, expiration date, to whom cancellation and reduction notice will be sent, and length of notice period. An endorsement stating that the District and the State and their agents, representatives, employees, trustees, officers, consultants, and volunteers are named additional insureds under all policies except Workers’ Compensation Insurance, Professional Liability, and Employers’ Liability Insurance. An endorsement shall also state that Contractor’s insurance policies shall be primary to any insurance or self-insurance maintained by District. All policies shall be written on an occurrence form. Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating of no less than A: VII, unless otherwise acceptable to the District.
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Umbrella or excess Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 1,000,000 Umbrella or excess Workers’ Compensation Statutory Limits Employer’s Liability $ 1,000,000 Contractor’s Pollution Liability Each Occurrence General Aggregate $1,000,000 $2,000,000 Professional Liability (E&O) Each Occurrence General Aggregate $2,000,000 $2,000,000
Coverage Minimum Requirement. Commercial General Liability Insurance, including Bodily Injury,