Common use of INSURANCE AND BOND Clause in Contracts

INSURANCE AND BOND. 17.1. The Subrecipient shall, at its own expense, obtain and maintain in force, or shall require any subcontractor, subgrantee or assignee performing Project work to obtain and maintain in force, both for the benefit of the State, the following insurance: 17.1.1 Statutory workmen’s compensation and employees liability insurance for all employees engaged in the performance of the Project, and 17.1.2 Comprehensive public liability insurance against all claims of bodily injuries, death or property damage, in amounts not less than $1,000,000 per occurrence and $2,000,000 aggregate for bodily injury or death any one incident, and $500,000 for property damage in any one incident; and 17.2. The policies described in subparagraph 17.1 of this paragraph shall be the standard form employed in the State of New Hampshire, issued by underwriters acceptable to the State, and authorized to do business in the State of New Hampshire. Each policy shall contain a clause prohibiting cancellation or modification of the policy earlier than ten (10) days after written notice thereof has been received by the State.

INSURANCE AND BOND. 17.1. 17.1 The Subrecipient Grantee shall, at its own sole expense, obtain and maintain in force, or shall require any subcontractor, subgrantee or assignee performing Project work to obtain and maintain in force, both for the benefit of the State, the following insurance: 17.1.1 Statutory workmen’s statutory workers’ compensation and employees liability insurance for all employees engaged in the performance of the Project, and 17.1.2 Comprehensive comprehensive public liability insurance against all claims of bodily injuries, death or property damage, in amounts not less than $1,000,000 per occurrence and $2,000,000 aggregate for bodily injury or death any one incident, and $500,000 for property damage in any one incident; and 17.2. 17.2 The policies described in subparagraph 17.1 18.1 of this paragraph shall be the standard form employed in the State of New Hampshire, issued by underwriters acceptable to the State, and authorized to do business in the State of New Hampshire. Each policy shall contain a clause prohibiting cancellation or of modification of the policy earlier than ten (10) days after written notice thereof has been received by the State.

INSURANCE AND BOND. 17.1. 17.1 The Subrecipient Grantee shall, at its own sole expense, obtain and maintain in force, or shall require any subcontractor, subgrantee or assignee performing Project work to obtain and maintain in force, both for the benefit of the State, the following insurance: 17.1.1 Statutory workmenstatutory worker’s compensation and employees liability insurance for all employees engaged in the performance of the Project, and 17.1.2 Comprehensive comprehensive public liability insurance against all claims of bodily injuries, death or property damage, in amounts not less than $1,000,000 per occurrence and $2,000,000 aggregate for bodily injury or death any one incident, and $500,000 for property damage in any one incident; and 17.2. 17.2 The policies described in subparagraph 17.1 of this paragraph shall be the standard form employed in the State of New Hampshire, issued by underwriters acceptable to the State, and authorized to do business in the State of New Hampshire. Each policy shall contain a clause prohibiting cancellation or of modification of the policy earlier than ten (10) days after written notice thereof has been received by the State.