Insurance and Waiver of Claims Clause Samples
The "Insurance and Waiver of Claims" clause requires parties to obtain and maintain specified insurance coverage and, in addition, to relinquish certain rights to make claims against each other for losses covered by that insurance. In practice, this means each party is responsible for insuring its own property or interests and agrees not to pursue the other party for compensation if a loss occurs that is covered by their insurance policy. This clause helps prevent disputes and litigation over insured losses, ensuring that insurance, rather than the parties themselves, bears the financial risk of certain types of damage or loss.
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Insurance and Waiver of Claims. Without limiting the generality of the terms of Section 4.1 above, Subtenant shall obtain and keep in full force and effect at all times during the Sublease Term all of the liability and property insurance coverages required to be maintained by “Tenant” under the Master Lease with regard to the Sublease Premises. Sublandlord shall obtain and keep in full force and effect at all times during the Sublease Term, as applicable, all of the liability and property insurance coverages required to be maintained by Sublandlord under the Master Lease. Where the Master Lease requires that Master Landlord be named as an additional insured on the policies required thereunder, Subtenant shall name Sublandlord and Master Landlord as additional insureds under such policies. Notwithstanding anything to the contrary contained herein, Sublandlord and Subtenant hereby waive and release, all claims against each other, and against the agents, employees and contractors of each other, for any loss or damage sustained by each other to the extent such claims are insured against under any standard broad form property policy, or other property policies maintained by Sublandlord or Subtenant, or required to be maintained by Sublandlord or Subtenant under this Sublease, or which would normally be covered by all-risk property insurance, regardless of whether such policy is in effect at the time of the loss and without regard to the negligence or willful misconduct of the entity so released.
Insurance and Waiver of Claims. Without limiting the generality of the terms of Section 4.1 above, Sub-Subtenant shall obtain and keep in full force and effect at all times during the Sub-Sublease Term all of the liability and property insurance coverages required to be maintained by “Tenant” under the Master Lease with regard to the Sub-Sublease Premises. Notwithstanding anything to the contrary contained herein and for the avoidance of doubt, Sub-Subtenant shall only obtain liability and property insurance coverages for the portion of the Sub-Sublease Premises Sub-Subtenant is occupying. Sub-Sublandlord shall obtain and keep in full force and effect at all times during the Sub-Sublease Term, as applicable, all of the liability and property insurance coverages required to be maintained by Sub-Sublandlord under the Master Lease and the Master Sublease and Sub-Subtenant shall not be liable for any losses or damages arising out of an Existing Subtenant’s default under the applicable Existing Sublease. Where the Master Lease requires that Master Landlord be named as an additional insured on the policies required thereunder, Sub-Subtenant shall name Sub-Sublandlord, Chinook, and Master Landlord as additional insureds under such policies. Notwithstanding anything to the contrary contained herein, Sub-Sublandlord and Sub-Subtenant hereby waive and release, all claims against each other, and against the agents, employees and contractors of each other, for any loss or damage sustained by each other to the extent such claims are insured against under any standard broad form property policy, or other property policies maintained by Sub-Sublandlord or Sub-Subtenant, or required to be maintained by Sub-Sublandlord or Sub-Subtenant under this Sub-Sublease, or which would normally be covered by all-risk property insurance, regardless of whether such policy is in effect at the time of the loss and without regard to the negligence or willful misconduct of the entity so released. Sub-Subtenant’s insurers hereby waive and release Master Landlord, Chinook, and Sub-Sublandlord from and against any and all claims, damages, losses, and liabilities for any bodily injury, loss of life or property damage occurring on or about the Sub-Sublease Premises, or any part thereof, from any cause whatsoever, other than the gross negligence of Sub-Sublandlord, Chinook, or Master Landlord, which shall remain the sole responsibility of the party that acts with gross negligence, or whose omissions shall constitute gross negl...
Insurance and Waiver of Claims. General Requirements: Contractor shall maintain insurance issued by an insurance company or companies that are rated “A-VII” or higher by A. M. Best’s key rating guide. If self-insured, review of financial information may be required. All coverage shall be in force until the end of the term of this agreement or Final Acceptance of the Work, whichever comes later. If the insurance expires during the term of the Contract, the Contractor shall immediately provide a new current certificate or be declared in breach of Contract. The State reserves the right to withhold all progress and retention payments until the breach is cured to the satisfaction of the State. Renewal insurance certificates must be tendered to the State at least 10 days prior to the expiration of the previous insurance certificate. This new insurance shall be in accordance with the terms of the Contract. Insurance policies shall contain a provision that coverage will not be cancelled without 30 days prior written notice to the State. The Contractor shall be responsible for any deductible or self-insured retention contained within the insurance. In the event the Contractor fails to keep in effect at all times the specified insurance coverage, the State may, in addition to any other remedies it may have, terminate this Contract upon the occurrence of such event, subject to the provisions of this Contract. Any insurance required to be carried shall be primary. Insurance Requirements. The Contractor shall furnish to the State evidence of insurance as follows:
Insurance and Waiver of Claims. General Requirements: Contractor shall maintain insurance issued by an insurance company or companies that are rated “A-VII” or higher by A. M. Best’s key rating guide. If self-insured, review of financial information may be required. The insurance required under Article 20, subparagraph B.i, and B.ii, shall include the State of California, the Judicial Council of California, and the Administrative Office of the Courts and their respective officers, agents, employees and servants as additional insureds, but only insofar as the operations under the Contract are concerned. The insurance required under Article 20 subparagraph B shall be primary and non-contributing to any programs of insurance of self-insurance maintained by the State of California, the Judicial Council of California, or the Administrative Office of the Courts. The Contractor and any insurer providing the insurance required under Article 20 subparagraph B shall waive any right of recovery or subrogation they may have against the State of California, the Judicial Council of California, or the Administrative Office of the Courts. All coverage shall be in force until the end of the term of this agreement or Final Acceptance of the Work, whichever comes later. If the insurance expires during the term of the Contract, the Contractor shall immediately provide a new current certificate or be declared in breach of Contract. The State reserves the right to withhold all progress and retention payments until the breach is cured to the satisfaction of the State. Renewal insurance certificates must be tendered to the State at least 10 days prior to the expiration of the previous insurance certificate. This new insurance shall be in accordance with the terms of the Contract. Insurance policies shall contain a provision that coverage will not be cancelled without 30 days prior written notice to the State. The Contractor shall be responsible for any deductible or self-insured retention contained within the insurance. In the event the Contractor fails to keep in effect at all times the specified insurance coverage, the State may, in addition to any other remedies it may have, terminate this Contract upon the occurrence of such event, subject to the provisions of this Contract.
Insurance and Waiver of Claims. Without limiting the generality of the terms of Section 4.1 above, Sublessee shall obtain and keep in full force and effect at all times during the Sublease Term all of the liability insurance coverages required to be maintained by Sublessor under the Lease with regard to the Premises and casualty insurance coverage on the Furnishings and on all of its trade fixtures, supplies, inventory, equipment, and personal property located in the Premises. Sublessee hereby waives and releases Landlord and Sublessor from and against any and all claims, damages, losses, and liabilities for any bodily injury, loss of life, or property damage occurring on or about the Premises, or any part thereof, from any cause whatsoever, including, without limitation, the negligence of Sublessor or the Landlord, or any of their respective agents, employees, contractors, or guests, or the negligence of any other party leasing, occupying, or otherwise using any part of the Building. Sublessee shall indemnify and hold Sublessor harmless from and against any and all claims asserted against Sublessor or the Landlord arising from any such damages, injuries, or losses incurred by Sublessee or any of its agents, employees, contractors, guests, or other parties upon the Premises. Sublessee shall cause all policies of insurance maintained by Sublessee hereunder to contain waiver of subrogation provisions in favor of Sublessor and the Landlord.
Insurance and Waiver of Claims. 12 Article 11.
Insurance and Waiver of Claims