Errors & Omissions Coverage Sample Clauses

Errors & Omissions Coverage. Producer now has and shall maintain agent’s professional liability (Errors and Omission) insurance coverage with a minimum aggregate policy limit of one million dollars ($1,000,000) while this Agreement is in force and will furnish proof of such coverage upon request by Broker. Producer will provide Broker with prompt written notice of any material change, cancellation or other termination of this coverage.
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Errors & Omissions Coverage. Each party shall maintain in full force and effect errors and omissions insurance coverage in the minimum amount of One Mil-lion dollars ($1,000,000.00) per claim; provided by an insurer rated no less than “A-“ by A.M. Best Company during the term of this Agreement and thereafter while the parties have any obligations hereunder. Producer shall notify Xxxxxx-Xxxxxxx imme-diately of any changes to its errors and omissions coverage, including but not limited to expiration, renewal, limit changes, and insurance company rating changes. Upon renewal, Producer shall send to Xxxxxx-Xxxxxxx a copy of its current declaration pages indicating insurance company name, named insured(s), and policy coverage, and policy limits. Xxxxxx-Xxxxxxx, at its sole discretion, may request and require Producer maintain higher minimum limits of errors and omission insurance coverage.
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Errors & Omissions Coverage. The Parties represent and warrant that each shall maintain Errors & Omissions coverage with minimum policy limits of one million dollars ($1,000,000.00) per occurrence while this Agreement is in force and will furnish proof of such coverage upon request.
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Errors & Omissions Coverage. You shall maintain adequate Errors & Commissions coverage at all times during the term of Agreement. We reserve the right to request written proof of this coverage at any time.
Sample 1
Errors & Omissions Coverage. Specimen Producer hereby warrants that Errors and Omissions Insurance Coverage is in effect as follows: Carrier: Policy No.: Limit of Liability: Expiration Date: Producer further warrants that the premium for said policy has been fully paid and that Producer shall keep such coverage in full force and effect at all times during the continuance of this Agreement. Evidence of coverage will be forwarded along with this sign/dated Agreement, as well as annually thereafter.
Sample 1
Errors & Omissions Coverage. Producer will maintain during the life of this agreement valid Insurance Brokers/Agents Errors & Omissions insurance coverage with minimum limits of $1,000,000 for itself and its agents, employees, and representatives and provide proof of such coverage is in force to Xxxxxxxx-Xxxxxx, Inc.
Sample 1
Errors & Omissions Coverage. Law Firm maintains errors and omissions insurance in excess of the amount required by California law.
Sample 1
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Related to Errors & Omissions Coverage

  • Errors/Omissions The Engineer shall make revisions to the work authorized in this contract which are necessary to correct errors or omissions appearing therein, when required to do so by the State. No additional compensation shall be paid for this work.

  • Professional Liability (Errors & Omissions Insurance with limits of not less than $1,000,000 each occurrence, $2,000,000 aggregate. Such insurance will cover all professional services rendered by or on behalf of PROVIDER and its subcontractors under this Agreement. Renewal policies written on a claims- made basis will maintain the same retroactive date as in effect at the inception of this Agreement. If coverage is written on a claims-made basis, PROVIDER agrees to purchase an Extended Reporting Period Endorsement, effective for two (2) full years after the expiration or cancellation of the policy. No professional liability policy written on an occurrence form will include a sunset or similar clause that limits coverage unless such clause provides coverage for at least three (3) years after the expiration of cancellation of this Agreement.

  • PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS) Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the CONTRACTOR shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.

  • Errors and Omissions Insurance Errors and Omissions Insurance to be maintained by the Servicer in accordance with Section 3.13.

  • Professional Liability (Errors and Omissions) Insurance Limits shall not be less than the following:

  • Errors and Omissions, Professional Liability or Malpractice Insurance Contractor may be required to carry errors and omissions, professional liability or malpractice insurance. All policies shall remain in force through the life of this Contract and shall be payable on a "per occurrence" basis unless County specifically consents to a "claims made" basis. The insurer shall supply County adequate proof of insurance and/or a certificate of insurance evidencing coverages and limits prior to commencement of work. Should any of the required insurance policies in this Contract be cancelled or non-renewed, it is the Contractor’s duty to notify the County immediately upon receipt of the notice of cancellation or non-renewal. If Contractor does not carry a required insurance coverage and/or does not meet the required limits, the coverage limits and deductibles shall be set forth on a waiver, Exhibit C, attached hereto. Failure to provide and maintain the insurance required by this Contract will constitute a material breach of this Contract. In addition to any other available remedies, County may suspend payment to the Contractor for any services provided during any time that insurance was not in effect and until such time as the Contractor provides adequate evidence that Contractor has obtained the required coverage.

  • Errors and Omissions All reports, files and other documents prepared and submitted by Contractor shall be complete and shall be carefully checked by the professional(s) identified by Contractor as project manager and key personnel attached hereto, prior to submission to the County. Contractor agrees that County review is discretionary and Contractor shall not assume that the County will discover errors and/or omissions. If the County discovers any errors or omissions prior to approving Contractor’s reports, files and other written documents, the reports, files or documents will be returned to Contractor for correction. Should the County or others discover errors or omissions in the reports, files or other written documents submitted by the Contractor after County approval thereof, County approval of Contractor’s reports, files or documents shall not be used as a defense by Contractor in any action between the County and Contractor, and the reports, files or documents will be returned to Contractor for correction.

  • Errors and Omissions; Professional Liability Errors and Omissions or Professional Liability insurance, as may be required, covering damages arising out of negligent acts, errors, or omissions committed by Contractor in the performance of this Contract, with a liability limit of not less than $1,000,000 each claim. Contractor shall maintain this policy for a minimum of two

  • Workers’ Compensation and Employer’s Liability Coverage The insurer shall agree to waive all rights of subrogation against the City, its directors, officials, officers, employees, agents and volunteers for losses paid under the terms of the insurance policy which arise from work performed by the Consultant.

  • Correction of Errors and Omissions; Other Liabilities (a) In the event any bookkeeping omissions or errors are discovered in preparing any pro forma statement or in completing the transfers and assumptions contemplated hereby, the parties hereto agree to correct such errors and omissions, it being understood that, as far as practicable, all adjustments will be made consistent with the judgments, methods, policies or accounting principles utilized by the Failed Bank in preparing and maintaining Accounting Records, except that adjustments made pursuant to this Section 8.2(a) are not intended to bring the Accounting Records of the Failed Bank into accordance with generally accepted accounting principles.

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