Fine Arts Insurance Sample Clauses

Fine Arts Insurance. Owner shall procure and maintain fine arts insurance on the Artwork an all risk form with limits not less than and a deductible not to exceed ONE THOUSAND DOLLARS ($1,000.00) for each loss. The payment of any deductible amount shall be the responsibility of Owner All of the above policies of insurance shall be primary insurance and shall name the City, its officers, employees and agents as additional insureds. The insurer shall waive all rights of subrogation and contribution it may have against the City, its officers, employees and agents and their respective insurers. All such policies shall provide that such insurance may not be amended or canceled without providing thirty (30) days written notice by registered mail to the City. Cancellation clause shall read “SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY SHALL MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT”. In the event any of such policies are canceled, Owner shall, prior to the cancellation date, submit new evidence of insurance in conformance with the requirements of this Section 11. Owner shall provide the Commission with Certificates of Insurance evidencing the insurance coverages and policies required hereunder. Owner agrees that the existence of any insurance shall not limit or otherwise affect Owner’s obligations under this Agreement. In the event the Risk Manager of City determines that the work or services to be performed under this Agreement creates an increased or decreased risk or loss to the City, the Owner agrees that the minimum limits of the insurance policies required by this Section 11 may be changed accordingly upon receipt of written notice from the Risk Manager, provided that the Owner shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council of City within 10 days of receipt of notice from the Risk Manager.
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Fine Arts Insurance or other insurance against loss in an amount equal to the total payment specified under Section 5 (Compensation) of the contract. Artist shall obtain such insurance prior to commencing fabrication of the Artwork.
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Fine Arts Insurance. The Fine Arts Collection will be insured by CHS for loss or damage to artifacts owned by the CITY, displayed, stored or otherwise present in the Savannah History Museum, will be included in the scope of CITY-funded activity. An inventory of the artifacts owned by CITY is available. The level of insurance to be maintained by CHS is minimum limits $1,100,000 for the Savannah History Museum and $692,500 for the Railroad Museum. The Fine Arts policy must name the CITY as the loss payee for any loss or damage to artifacts owned by the CITY.
Sample 1
Fine Arts Insurance. The Owner in physical possession of any of the Works shall insure such Works as part of its permanent collection, under its own “all risk” fine arts policy for 100% of the value mutually agreed on by both Owners in writing. Each Owner’s Fine Arts Policy (a) shall be subject to standard exclusions, (b) shall be written with an insurance carrier licensed at all times during the term of this Agreement to do business in the Owner’s state and (c) shall be endorsed to name the other Owner as an additional insured as its interest may appear, and to be primary and non- contributing with any other insurance available to the other Owner while the works are in the first Owner’s possession or in transit to the first Owner. Upon request at any time during the term of this Agreement, each Owner shall provide the other Owner with a certificate of insurance evidencing that the policy of fine arts insurance required herein is in full force and effect. When a Work is in transit from one Owner (including from its offsite storage facility) to the other, the receiving Owner, who is primarily responsible for making the transit arrangements pursuant to Section XIV below, shall be responsible for insuring the Works in transit, commencing with the completion of the outgoing condition report, in accordance with the prior paragraph. Each Owner hereby releases the other Owner, and its trustees, officers, directors, agents and employees (such Owner’s “Insurance Parties”) from liability for any and all claims arising out of the loss or damage to any of the Works, and agrees that, as between the Owners, each Owner shall look solely to the insurance required to be provided by the insuring Owner hereunder with respect to such loss or damage, and that recovery thereunder shall be subject to the coverage provisions and limits of liability applicable to such insurance, and shall be limited to fifty- percent (50%) of the amount, if any, paid by the insurer(s) with respect to the lost or damaged Works, whether or not such loss or damage was caused by the negligence or other action or omission of an Owner. Museum A and Museum B acknowledge that their respective interests in the Works may not be fully insured for loss or damage directly caused by an earthquake under each other’s fine arts insurance policies. Each Owner hereby waives any right of subrogation against the other Owner’s Insurance Parties. In the event of any damage to or loss of any of the Works, the Owner with custody of the damage...
Sample 1

Related to Fine Arts Insurance

  • Bonds Insurance a. Payment Bond & Performance Bond: Contractor shall not commence the Work until it has provided to the District, a Payment (Labor and Material) Bond and a Performance Bond, in the forms attached hereto, each in an amount equivalent to one hundred percent (100%) of the Contract Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the District.

  • Tenant’s Insurance Tenant shall maintain the following coverages in the following amounts.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Recipient’s Insurance The Recipient represents, warrants, and covenants that it has, and will maintain, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury, and property damage, to an inclusive limit of not less than the amount provided for in Schedule “B” per occurrence. The insurance policy will include the following:

  • Public Body Insurance If Grantee is a “public body” as defined in ORS 30.260, Grantee agrees to insure any obligations that may arise for Grantee under this Grant, including any indemnity obligations, through (i) the purchase of insurance as indicated in Exhibit C or (ii) the use of self- insurance or assessments paid under ORS 30.282 that is substantially similar to the types and amounts of insurance coverage indicated on Exhibit C, or (iii) a combination of any or all of the foregoing.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Coverages This insurance applies to the Described Location, Coverages for which a Limit of Liability is shown and Perils Insured Against for which a Premium is stated. COVERAGE A – Dwelling We cover:

  • Renter’s Insurance (check one) ☐ Tenant is required to obtain, and maintain at all times during the Term, a renter’s insurance policy with a minimum of $100,000.00 personal liability coverage. Tenant will name Landlord as an interested party or additional insured. Tenant will provide Landlord with a certificate or proof of insurance upon request. ☐ Tenant is NOT required to obtain a renter’s insurance policy.

  • CONSULTANT’S INSURANCE The Consultant shall maintain the types of insurance and limits of coverage identified in Exhibit A which is attached and made part of this Contract.

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