Common use of Evidence and Scope of Insurance Clause in Contracts

Evidence and Scope of Insurance. Supplier shall provide Purchaser with a copy of insurance original certificates evidencing the insurance coverages required and shall provide replacement certificates of insurance within five (5) days of any renewal of the required insurance. All such insurance policies shall: (i) name Purchaser for their respective rights and interests in respect of the Project as additional insured (except in the case of worker’s compensation insurance); (ii) provide Purchaser with 30 days’ prior written notice of non-renewal, cancellation of, or significant modification to, any of such policies (except that such notice period will be 10 days in case of non-payment of premiums); and (iii) the insurance certificates provided to Purchaser shall indicate that the insurance policies have been endorsed as noted above. All policies shall be written by one or more insurance companies authorized to do business in USA and be rated BBB+ or higher by A.M. Best.

Evidence and Scope of Insurance. Supplier Purchaser shall provide Purchaser Supplier with a copy of insurance original certificates evidencing the insurance coverages required and shall provide replacement certificates of insurance within five (5) days of any renewal of the required insurance. All such insurance policies shall: (i) name Purchaser Supplier for their respective rights and interests in respect of the Project as additional insured (except in the case of worker’s compensation insurance); (ii) provide Purchaser Supplier with 30 days’ prior written notice of non-renewal, cancellation of, or significant modification to, any of such policies (except that such notice period will be 10 days in case of non-payment of premiums); and (iii) the The insurance certificates provided to Purchaser Supplier shall indicate that the insurance policies have been endorsed as noted above. All policies shall be written by one or more insurance companies authorized to do business in USA and be rated BBB+ or higher by A.M. Best.