Common use of INSURANCE AND LIABILITIES TO THIRD PARTIES Clause in Contracts

INSURANCE AND LIABILITIES TO THIRD PARTIES. (a) The Contractor shall provide and thereafter maintain all appropriate workers compensation insurance, or its equivalent, with respect to its employees to cover claims for personal injury, bodily injury or death arising from or in connection with the implementation of the Contract. (b) The Contractor shall provide and thereafter maintain insurance against all risk in respect of its property and any equipment used for the execution of the Contract. (c) The Contractor shall also provide and thereafter maintain liability insurance in an adequate amount to cover third party claims for death, bodily injury, loss of and damage to property arising from or in connection with the implementation of the Contract or from the operation of any vehicles, boats, airplanes and other equipment owned or leased by the Contractor or its agents, servants, employees or subcontractors performing work or services in connection with the Contract. (d) Except for insurance mentioned in paragraph (a), the insurance policies under this clause shall: (i) Name the Agency as additional beneficiary (additional insured); (ii) Include a waiver of subrogation of the Contractor’s rights to the insurance carrier against the Agency; (iii) Provide that the Agency shall receive thirty (30) days written notice from the insurers prior to any cancellation or change of coverage. (e) The Contractor shall, upon request, provide the Agency with satisfactory evidence of the insurance required under this Article. (f) The Contractor acknowledges and agrees that neither the requirement for taking out and maintaining insurance as set forth in the Contract nor the amount of any such insurance, including, but not limited to, any deductible or retention relating thereto, shall in any way be construed as limiting the Contractor’s liability arising under or relating to the Contract.