E & O Insurance. Licensor shall cause HERE to be named as an additional insured with respect to the Programs under Licensor’s Errors and Omissions policy and shall provide HERE with an endorsement to the policy evidencing such coverage prior to the commencement of principal photography of the Programs. Such insurance shall be in an amount not less than $1 Million / $3 Million with no exclusions, shall be obtained prior to the commencement of principal photography of the Programs from an entity reasonably approved by HERE and shall have a deductible of no greater than $10,000 per claim. Licensor shall cause its carrier to assume primary responsibility notwithstanding that HERE also may have its own insurance coverage. As a condition to HERE’s obligations under this Agreement, Licensor shall provide HERE with a copy of such’Errors and Omissions policy.
E & O Insurance. E & O insurance will be purchased by Xxxxxx Strategy Realty, Inc. and only Xxxxx Xxxxxx, CEO can approve and negotiate the E & O insurance contract. It should be noted in the event litigation and or lawsuit each agent as noted in the litigation documents will be responsible to pay for the deductible of the E & O Insurance, with a maximum of $1,000 for the deductible claim and any costs attributed to the lawsuit. Agent acknowledges that if it is determined that Agent acted fraudulently, grossly or recklessly negligent, or willfully committed fraud; Agent shall be responsible for the full amount of the damages and costs recovered against Company, along with all costs of defense. This language in no way limits the liability of Agent to Company. Approximate costs $99 per sign: Approval (Reusable sign) $26 per sign: Approval (Reusable sign) $35 per sign: Approval $35 per listing: Approval
E & O Insurance. Licensee shall use commercially reasonably efforts to obtain errors and omissions insurance within sixty (60) days after the Effective Date, which insurance shall provide standard coverage for a business comparable to Licensee’s business and provide commercially reasonable terms including as to scope of coverage, retention and premiums.
E & O Insurance. The E & O insurance carrier shall be chosen at Broker discretion. Contractor agrees to pay $49.00 per residential transaction and $150.00 per commercial transaction to cover the E & I insurance cost. Contractor is also responsible for paying the deductible amount (currently $ 1,500.00) for each E & O claim upon request. Contractor shall immediately notify Broker of any circumstances likely to give rise to any kind of claim against Contractor and/or Broker. In the event of the claim, lawsuit or Arbitration demand, which is not wholly covered by insurance, Broker may withhold from Contractor’s commission an amount adequate to satisfy any amount not covered, which Broker shall place in its Claims and Disputes Retention Account, pending settlement or other disposition of the matter. Broker may, in Broker’s sole discretion, apply such sums as necessary to settle or satisfy any such claim or award.
E & O Insurance. E & O insurance will be purchased by Xxxxxx Strategy Realty, Inc. and only Xxxxx Xxxxxx, CEO can approve and negotiate the E & O insurance contract. It should be noted in the event litigation and or lawsuit each agent as noted in the litigation documents will be responsible to pay for the deductible of the E & O Insurance, with a maximum of $1,000 for the deductible claim and any costs attributed to the lawsuit. Contractor acknowledges that if it is determined that Contractor acted fraudulently, grossly or reckless- ly negligent, or willfully committed fraud. Contractor shall be responsible for the full amount of the damages and costs recovered against Company, along with all costs of defense. This language in no way limits the liability of Contractor to Company.
E & O Insurance. Our Company’s E&O insurance covers all transactions made by the Company. Agents are responsible for the deductible on any transaction brokered through Broker that result in a lawsuit or claim. Such deductible may be as high as $5000.
