Indemnity Coverage Sample Clauses

The Indemnity Coverage clause establishes that one party agrees to compensate the other for certain losses, damages, or liabilities that may arise in connection with the agreement. Typically, this clause specifies the types of claims or events covered, such as third-party lawsuits or breaches of contract, and outlines the process for seeking indemnification. Its core practical function is to allocate risk between the parties, ensuring that the party best positioned to manage or prevent certain risks bears the financial responsibility if those risks materialize.
Indemnity Coverage. The Company shall continue to indemnify you and maintain D&O coverage in accordance with your Indemnity Agreement dated January 6, 2003, with the Company.
View SourceView Similar (2)
Indemnity Coverage. Members shall be covered under The Corporation of the City of ▇▇▇▇▇▇ ▇▇▇▇’▇ Comprehensive Liability Policy.
View Source
Indemnity Coverage. For purposes of this Indemnification Obligations provision, “expenses” include court costs, actual attorneys’ fees reasonably incurred, costs of investigation, costs of defense, expert witness and consulting fees, costs of enforcing the indemnity, settlements, payments, interest expense, and judgments associated with all covered claims or proceedings and in enforcement of this provision.
View Source
Indemnity Coverage. Intuit shall continue to indemnify you and maintain D&O coverage in accordance with your Indemnity Agreement dated July 10, 2002, with Intuit.
View Source
Indemnity Coverage. In addition to the coverages specifically mentioned in Section 8.1, Customer shall at all times maintain in full force and effect contractual liability coverage or other coverage protecting against all insurable indemnity provisions of this Agreement, to the extent that such coverage is generally available in the Gig Harbor area through standard forms of insurance with extended endorsements.
View Source
Indemnity Coverage. Effective July 1, 2002, eligible teachers who wish Oxford traditional indemnity coverage for health and major medical may enroll in that plan with a cost of $600 per year. Section 125 Plan The Board has in place an IRC Section 125 plan for the purpose of implementing this provision.
View Source
Indemnity Coverage. It is hereby agreed that the parties signatory hereto will meet from time to time, during the life of this Collective Agreement, to discuss and establish a method to deal with the matter of lost wages, legal costs, etc. ▇▇▇▇▇▇▇ from any claims, suits, or judgements brought against any employee while acting within the scope of his employment with the Employer.
View Source
Indemnity Coverage. Administrators who wish traditional indemnity coverage for health and major medical may enroll in that plan with the following cost: Employee Salary Annual Contribution to Cost Above $100,000 $1,000 Below $100,000 $ 900
View Source

Related to Indemnity Coverage

  • Liability Coverage For the benefit of System Agency, Grantee will at all times maintain liability insurance coverage, referred to in Tex. Gov. Code § 2261.102, as “director and officer liability coverage” or similar coverage for all persons in management or governing positions within Grantee’s organization or with management or governing authority over Grantee’s organization (collectively “responsible persons”). Grantee will: 1. maintain copies of liability policies on site for inspection by System Agency and will submit copies of policies to System Agency upon request. 2. maintain liability insurance coverage in an amount not less than the total value of this Contract and that is sufficient to protect the interests of System Agency in the event an actionable act or omission by a responsible person damages System Agency’s interests. 3. notify, and obtain prior approval from, the System Agency Contract Oversight and Support Section before settling a claim on the insurance.

  • General Liability Coverage The CONTRACTOR shall maintain commercial general liability insurance in an amount of not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury, and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit.

  • Professional Liability Coverage Consultant shall maintain professional errors and omissions liability insurance for protection against claims alleging negligent acts, errors or omissions which may arise from Consultant or by its employees, or subcontractors. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single-limit per occurrence basis.

  • Automobile Liability Coverage Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non- owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

  • Indemnity Insurance a. The Service Provider agrees to indemnify and save harmless the City, its officers, agents and employees against and from any and all actions, suits, claims, demands or liability of any character whatsoever brought or asserted for injuries to or death of any person or persons, or damages to property arising out of, result from or occurring in connection with the performance of any service hereunder. b. The Service Provider shall take all necessary precautions in performing the work hereunder to prevent injury to persons and property. c. Without limiting any of the Service Provider's obligations hereunder, the Service Provider shall provide and maintain insurance coverage naming the City as an additional insured under this Agreement of the type and with the limits specified within Exhibit C, consisting of one (1) page, attached hereto and incorporated herein by this reference. The Service Provider before commencing services hereunder, shall deliver to the City's Purchasing Director, P. O. ▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, Colorado 80522, one copy of a certificate evidencing the insurance coverage required from an insurance company acceptable to the City.