INSURANCE DETAILS. 1. If insurance policies meeting the Requirements of this contract are not generally available to Contractor, Contractor may provide substantially Similar coverage and shall so notify Owner in writing. 2. Contractor may satisfy the policy limits set by this contract through any combination of underlying and excess liability (umbrella) insurance so long as the total coverage is not less than the policy limits specified in this contract. Any excess liability (umbrella) insurance coverage provided by Contractor must be written on an occurrence basis, offer coverage at least as broad as the underlying insurance, and have concurrent effective dates. Excess liability (umbrella) insurance provided by Contractor shall provide additional insured endorsements, blanket contractual coverage, and punitive damages coverage (unless prohibited by Law).
Appears in 6 contracts
Samples: Construction Contract, Construction Contract, Construction Contract
