Employers’ Liability Limits. (A) $1,000,000 for bodily injury caused by accident, each accident. (B) $1,000,000 for bodily injury caused by disease, each employee. (C) $1,000,000 for bodily injury caused by disease, policy limit. (v) PROPERTY MANAGER’S ERRORS AND OMISSIONS LIABILITY: 1. Limits of Insurance: $1,000,000 per occurrence, $2,000,000 aggregate 2. If coverage is on a claims-made basis, the retroactive date must be a date that is not later than the date on which Manager began performing services on behalf of the Owner. 3. Contingent bodily injury and property damage coverage. 4. Coverage shall be maintained for a period of three years after the termination of services. Manager shall provide Owner with an original certificate of insurance on or before each renewal date during this three-year period. 5. The policy shall include a separation of insureds clause. (vi) COMMERCIAL CRIME INSURANCE: 1. Limits of Insurance: $1,000,000 employee dishonesty, $1,000,000 forgery or alteration, $1,000,000 computer fraud, $1,000,000 wire funds transfer fraud, $1,000,000 money and securities on and off premises 2. Third party coverage. 3. No limitation or exclusion related to acts of collusion. 4. Owner shall be included as Loss Payees as its interest may appear. 5. Coverage shall be included for theft of Owner’s property by Manager’s owners, directors and officers. 6. The definition of employee shall include leased employees if the Manager utilizes the services of an employee leasing firm.
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Samples: Property Management Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.)
Employers’ Liability Limits. (A) $1,000,000 for bodily injury caused by accident, each accident.
(B) $1,000,000 for bodily injury caused by disease, each employee.
(C) $1,000,000 for bodily injury caused by disease, policy limit.
(v) e. PROPERTY MANAGER’S ' S ERRORS AND OMISSIONS LIABILITY:
1. Limits of Insurance: $1,000,000 Insurance:$1,000,000 per occurrence, $2,000,000 aggregate
2. If coverage is on a claims-made basis, the retroactive date must be a date that is not later than the date on which Manager began performing services on behalf of the Owner.
3. Contingent bodily injury and property damage coverage.
4. Coverage shall be maintained for a period of three years after the termination of services. Manager shall provide Owner with an original certificate of insurance on or before each renewal date during this three-year period.
5. The policy shall include a separation of insureds clause.
(vi) f. COMMERCIAL CRIME INSURANCE:
1. Limits of Insurance: $1,000,000 employee dishonesty, $1,000,000 forgery or alteration, $1,000,000 computer fraud, $1,000,000 wire funds transfer fraud, $1,000,000 money and securities on and off premises
2. Third party coverage.
3. No limitation or exclusion related to acts of collusion.
4. Owner shall be included as Loss Payees as its interest may appear.
5. Coverage shall be included for theft of Owner’s 's property by Manager’s 's owners, directors and officers.
6. The definition of employee shall include leased employees if the Manager utilizes the services of an employee leasing firm.
Appears in 1 contract
Samples: Property Management Agreement (Bluerock Residential Growth REIT, Inc.)