Common use of Insurance and Limitation of Liability Clause in Contracts

Insurance and Limitation of Liability. The Customer-Generator at its own expense shall secure and maintain in effect during the term of the agreement liability insurance with a combined single limit for bodily injury and property damage of not less than $1,000,000 for each occurrence. Each party’s liability to the other party for any loss, cost, claim, injury, liability, or expense, including reasonable attorney’s fees, relating to or arising from any act or omission in its performance of this Agreement, shall be limited to the amount of direct damage actually incurred. In no event shall either party be liable to the other party for any indirect, incidental, special, consequential, or punitive damages of any kind whatsoever, except as allowed under any Indemnification section of this Agreement.