Common use of Excess/Umbrella Liability Insurance Clause in Contracts

Excess/Umbrella Liability Insurance. The Contractor shall obtain, pay for and maintain excess/umbrella liability insurance during the contract term, insuring the Contractor (or subcontractor) for an amount of not less $5,000,000 and that provides coverage at least as broad as and applies in excess and follows form of the primary liability coverages required hereinabove. The policy shall provide "drop down" coverage where underlying primary insurance coverage limits are insufficient or exhausted. The required Commercial General Liability, Commercial Automobile and Employers Liability limits may be accomplished through a combination of primary and excess/umbrella liability policies written on a follow-form basis.

Appears in 2 contracts

Samples: Independent Contractor Agreement, Independent Contractor Agreement

AutoNDA by SimpleDocs

Excess/Umbrella Liability Insurance. The Contractor shall obtain, pay for and maintain excess/umbrella liability insurance during the contract term, insuring the Contractor (or subcontractor) for an amount of not less $5,000,000 2,000,000 and that provides coverage at least as broad as and applies in excess and follows form of the primary liability coverages required hereinabove. The policy shall provide "drop down" coverage where underlying primary insurance coverage limits are insufficient or exhausted. The required Commercial General Liability, Commercial Automobile and Employers Liability limits may be accomplished through a combination of primary and excess/umbrella liability policies written on a follow-follow‐ form basis.

Appears in 2 contracts

Samples: Professional Services, Owner Contractor Construction Agreement

AutoNDA by SimpleDocs

Excess/Umbrella Liability Insurance. The Contractor shall obtain, pay for and maintain excess/umbrella liability insurance during the contract term, insuring the Contractor (or subcontractor) for an amount of not less $5,000,000 2,000,000 and that provides coverage at least as broad as and applies in excess and follows form of the primary liability coverages required hereinabove. The policy shall provide "drop down" coverage where underlying primary insurance coverage limits are insufficient or exhausted. The required Commercial General Liability, Commercial Automobile and Employers Liability limits may be accomplished through a combination of primary and excess/umbrella liability policies written on a follow-form basis.

Appears in 1 contract

Samples: Owner Contractor Construction Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!