Common use of Evidence/Proof of Insurance/Endorsements Clause in Contracts

Evidence/Proof of Insurance/Endorsements. Evidence of the insurance coverage required of A/E must be furnished to TFC before commencement of the Work and as coverage renews. Evidence of coverages shall be provided in certificates of insurance. Copies of the commercial general liability policies and all endorsements shall be made available to TFC upon request. The insurance policies shall provide or be endorsed to include a requirement for each insurer to give TFC notice at least thirty (30) Days prior to any (i) erosion of limits; (ii) non-renewal; (iii) cancellation; or (iv) material change. “Material Change” includes, without limitation (a) a change in the policy period; (b) a material revision to, or removal of, a coverage section; (c) a reduction of the amount of limits of insurance, provided such reduction is not the result of payment of damages, medical expenses, or claim expenses; or (d) an increase of the amount of any self-insured retentions. Similarly, the commercial general liability policy shall be endorsed to include a 10- Day Notice of Non-Payment of Premium in favor of TFC.

Evidence/Proof of Insurance/Endorsements. Evidence of the insurance coverage required of A/E PSP must be furnished to TFC before commencement of the Work and as coverage renews. Evidence of coverages shall be provided in certificates of insurance. Copies of the commercial general liability policies and all endorsements shall be made available to TFC upon request. The insurance policies shall provide or be endorsed to include a requirement for each insurer to give TFC notice at least thirty (30) Days prior to any (i) erosion of limits; (ii) non-renewal; (iii) cancellation; or (iv) material change. “Material Change” includes, without limitation (a) a change in the policy period; (b) a material revision to, or removal of, a coverage section; (c) a reduction of the amount of limits of insurance, provided such reduction is not the result of payment of damages, medical expenses, or claim expenses; or (d) an increase of the amount of any self-insured retentions. Similarly, the commercial general liability policy shall be endorsed to include a 10- Day Notice of Non-Payment of Premium in favor of TFC.

Evidence/Proof of Insurance/Endorsements. Evidence of the insurance coverage required of A/E PMP must be furnished to TFC before commencement of the Work and as coverage renews. Evidence of coverages shall be provided in certificates of insurance. Copies of the commercial general liability policies and all endorsements shall be made available to TFC upon request. The insurance policies shall provide or be endorsed to include a requirement for each insurer to give TFC notice at least thirty (30) Days prior to any (i) erosion of limits; (ii) non-renewal; (iii) cancellation; or (iv) material change. “Material Change” includes, without limitation (a) a change in the policy period; (b) a material revision to, or removal of, a coverage section; (c) a reduction of the amount of limits of insurance, provided such reduction is not the result of payment of damages, medical expenses, or claim expenses; or (d) an increase of the amount of any self-insured retentions. Similarly, the commercial general liability policy shall be endorsed to include a 10- Day Notice of Non-Payment of Premium in favor of TFC.