Common use of Insurance and Workers Compensation Clause in Contracts

Insurance and Workers Compensation. (a) Seller shall maintain all appropriate and usual insurance coverage which it normally procures for its commercial or other work to protect itself and the interest of its customers and shall keep such insurance in full force and effect for the duration of this contract. Seller shall furnish to Buyer either a certificate showing compliance with these insurance requirements or certified copies of all insurance policies within thirty (30) days of Buyer’s written request. The certificate will provide that Buyer shall be named an additional insured on all liability policies to the extent of any injury to persons (including injuries resulting in death) or loss of or damage to property of others that be by caused by or suffered as a result of the willful acts or omissions of the Seller, the negligence of the Seller or as a result of acts or omissions of the Seller for which the Seller is strictly liable at law. Buyer will receive thirty (30) days’ prior written notice from the Seller of any termination, amendments or reduction in the amount or scope of coverage. Seller’s furnishing of certificates of insurance or purchase of insurance shall not release Seller of its obligations or liabilities under this contract.