Common use of INSURANCE AND BUSINESS LICENSES Clause in Contracts

INSURANCE AND BUSINESS LICENSES. 1. Fidelity Insurance is not applicable to the Contract. Payments will be made as reimbursements for the cost of pre-approved activities or expenditures. 2. Subrecipient shall maintain insurance not less than the following: A. Commercial General Liability, with a combined single limit not less than $1,000,000.00 per occurrence; and an aggregate limit of not less than $3,000,000.00 per year, covering:  Premises / operations; and  Products / completed operations; and  Broad form property damage; and  Contractual liability; and  Independent contractors/subcontractors, if any are used in the performance of this contract. B. Automobile Liability Insurance, with a combined single limit of not less than $1,000,000.00 per occurrence, and an aggregate limit of not less than $3,000,000.00 per year, covering:  Vehicles owned, hired, leased/rented or borrowed by the Subrecipient entity; and  Employee vehicles, if used in performance of this contract.

INSURANCE AND BUSINESS LICENSES. 1. Fidelity Insurance is not applicable to the Contract. Payments will be made as reimbursements for the cost of pre-approved activities or expenditures. 2. Subrecipient shall maintain insurance not less than the following: A. Commercial General Liability, with a combined single limit not less than $1,000,000.00 per occurrence; and an aggregate limit of not less than $3,000,000.00 2,000,000.00 per year, covering:  Premises / operations; and  Products / completed operations; and  Broad form property damage; and  Contractual liability; and  Independent contractors/subcontractors, if any are used in the performance of this contract. B. Automobile Liability Insurance, with a combined single limit of not less than $1,000,000.00 per occurrence, and an aggregate limit of not less than $3,000,000.00 2,000,000.00 per year, covering:  Vehicles owned, hired, leased/rented or borrowed by the Subrecipient entity; and  Employee vehicles, if used in performance of this contract.

INSURANCE AND BUSINESS LICENSES. 1. Fidelity Insurance is not applicable to the Contract. Payments will be made as reimbursements for the cost of pre-approved activities or expenditures. 2. Subrecipient shall maintain insurance not less than the following: A. Commercial General Liability, with a combined single limit not less than $1,000,000.00 per occurrence; and an aggregate limit of not less than $3,000,000.00 per year, covering:  • Premises / operations; and  • Products / completed operations; and  • Broad form property damage; and  • Contractual liability; and  • Independent contractors/subcontractors, if any are used in the performance of this contract. B. Automobile Liability Insurance, with a combined single limit of not less than $1,000,000.00 per occurrence, and an aggregate limit of not less than $3,000,000.00 per year, covering:  • Vehicles owned, hired, leased/rented or borrowed by the Subrecipient entity; and  • Employee vehicles, if used in performance of this contract.