Common use of Insurance Carried by Manager Clause in Contracts

Insurance Carried by Manager. Manager shall maintain the following insurance during the term of this Agreement, as approved by RREM: (a) Workers’ Compensation Insurance complying with the laws of the State in which the work is to be performed covering all its employees whether or not working at or in connection with the Project, as a Project Personnel expense under Section 2.04 above; (b) Employers’ Liability Insurance with minimum liability limits of $1,000,000 Bodily Injury by Accident per accident, $1,000,000 Bodily Injury by Disease per person and $1,000,000 Bodily Injury by Disease policy limit, at Manager’s expense as part of its overhead; (c) Commercial General Liability Insurance with minimum limits of $1,000,000 Combined Single Limit for Bodily Injury and Property Damage, each occurrence/$2,000,000 General Aggregate, at Manager’s expense as part of its overhead; (d) Automobile Liability Insurance covering non-owned and hired automobile equipment with minimum limit of $1,000,000 for injury or death of any one person, for any occurrence and property damage, at Manager’s expense as part of its overhead; and (e) Employees Dishonesty Insurance as described in Section 4.04 above, at Manager’s expense as part of its overhead. Insurers providing the coverage to Owner and Manager described in this Article VIII shall have a Best’s rating of A-VII or better. RREM reserves the right to approve the insurer’s form and content of Manager’s insurance policies. All policies will contain severability of interest provisions. Within thirty (30) days of the date of this Agreement, RREM shall provide Manager with Certificates of Insurance evidencing Owner’s insurance. Such certificates will be endorsed to provide thirty (30) days prior written notice to the insured and all additional insureds of any material change or cancellation of coverage.

Insurance Carried by Manager. Manager shall maintain the following insurance during the term of this Agreement, as approved by RREMOwner: (a) Workers’ Compensation Insurance complying with the laws of the State in which the work is to be performed covering all its employees whether or not working at or in connection with the a Project, as a Project Personnel expense under Section 2.04 2.05 above; (b) Employers’ Liability Insurance with minimum liability limits of $1,000,000 Bodily Injury by Accident per accident, $1,000,000 Bodily Injury by Disease per person and $1,000,000 Bodily Injury by Disease policy limit, at Manager’s expense as part of its overhead; (c) Commercial General Liability Insurance with minimum limits of $1,000,000 Combined Single Limit for Bodily Injury and Property Damage, each occurrence/$2,000,000 General Aggregate, at Manager’s expense as part of its overhead; (d) Automobile Liability Insurance covering owned, non-owned and hired automobiles and automobile equipment with minimum limit of $1,000,000 for injury or death of any one person, for any occurrence and property damage, at Manager’s expense as part of its overhead; and (e) Employees Dishonesty Insurance as described in Section 4.04 above, at Manager’s expense as part of its overhead. Insurers providing the coverage to Owner and Manager described in this Article VIII shall have a Best’s rating of A-VII or better. RREM Owner reserves the right to approve the insurer’s form and content of Manager’s insurance policies. All policies will contain severability of interest provisions. Within thirty (30) days of the date of this Agreement, RREM Owner shall provide to Manager, and Manager with shall provide to Owner, Certificates of Insurance evidencing Owner’s insurance. Such certificates will be endorsed to provide thirty (30) days prior written notice to the insured and all additional insureds Manager of any material change or cancellation of coverage.

Insurance Carried by Manager. Manager shall maintain the following insurance during the term of this Agreement, as approved by RREM: (a) Workers’ Compensation Insurance complying with the laws of the State in which the work is to be performed covering all its employees whether or not working at or in connection with the Project, as a Project Personnel expense under Section 2.04 above; (b) Employers’ Liability Insurance with minimum liability limits of $1,000,000 Bodily Injury by Accident per accident, $1,000,000 Bodily Injury by Disease per person and $1,000,000 Bodily Injury by Disease policy limit, at Manager’s expense as part of its overhead; (c) Commercial General Liability Insurance with minimum limits of $1,000,000 Combined Single Limit for Bodily Injury and Property Damage, Damage each occurrence/$2,000,000 General Aggregate, at Manager’s expense as part of its overhead; (d) Automobile Liability Insurance covering non-owned and hired automobile equipment with minimum limit of $1,000,000 for injury or death of any one person, for any occurrence and property damage, at Manager’s expense as part of its overhead; and (e) Employees Dishonesty Insurance as described in Section 4.04 above, at Manager’s expense as part of its overhead. Insurers providing the coverage to Owner and Manager described in this Article VIII shall have a Best’s rating of A-VII or better. RREM reserves the right to approve the insurer’s form and content of Manager’s insurance policies. All policies will contain severability of interest provisions. Within thirty (30) days of the date of this Agreement, RREM shall provide Manager with Certificates of Insurance evidencing Owner’s insurance. Such certificates will be endorsed to provide thirty (30) days prior written notice to the insured and all additional insureds of any material change or cancellation of coverage.