Common use of Insurance Generally Clause in Contracts

Insurance Generally. a. CONTRACTOR shall purchase and maintain the insurance of the type and limits listed in this Section with respect to the operations as well as the completed operations of the CONTRACTOR. This insurance shall be provided at CONTRACTOR's expense and shall be in full force and effect through the Contract Term or for such longer period as this Section requires. CONTRACTOR may offer insurance coverages that are structurally different than those outlined in this Section but that are acceptable to DCAMM at its sole discretion. b. All policies, except for professional liability insurance, shall be written on an occurrence basis. All policies shall be issued by companies lawfully authorized to write that type of insurance under the laws of the Commonwealth of Massachusetts with a financial strength rating of A- or better as assigned by A.M. Best Company, or otherwise acceptable to the DCAMM. c. CONTRACTOR shall submit an original of each certificate of insurance, acceptable to DCAMM in advance of the execution of this Contract. Certificates shall show each type of insurance, insurance company, policy number, any endorsements, amount of insurance, deductibles and /or self- insured retentions, and policy effective and expiration dates. Certificates shall specifically note the following: (i) that the automobile liability, umbrella liability and pollution liability policies include the “Commonwealth of Massachusetts” as additional insureds. (ii) that all policies include the coverage and endorsements in accordance with the terms and conditions as required by this Contract. (iii) that the Builders’ Risk or Installation Floater is on an “all risk” basis including earthquake and flood, and includes the “Commonwealth of Massachusetts and CONTRACTOR as named insureds or joint loss payees as their interests may appear. (iv) that none of the coverages shall be cancelled, terminated, or materially modified unless and until 30 days prior notice is given in writing to the DCAMM. CONTRACTOR shall submit updated certificates prior to the expiration of any of the policies referenced in the certificates so that DCAMM shall at all times possess certificates indicating current coverage. d. DCAMM reserves the right to request certified complete copies of all policies and endorsements at any time during this Contract Term. If DCAMM is damaged by CONTRACTOR's failure to maintain such insurance and to comply with the terms of this Section, then CONTRACTOR shall be responsible for all costs and damages to the DCAMM attributable thereto. e. CONTRACTOR is responsible for the payment of any and all deductibles under all of the insurance required below. DCAMM shall not in any instance be responsible for the payment of deductibles, self-insured retentions, or any portion thereof.

Appears in 3 contracts

Samples: Energy Services Agreement, Energy Services Agreement, Energy Services Agreement

AutoNDA by SimpleDocs

Insurance Generally. a. CONTRACTOR shall purchase and maintain the insurance of the type and limits listed in this Section with respect to the operations as well as the completed operations of the CONTRACTOR. This insurance shall be provided at CONTRACTOR's expense and shall be in full force and effect through the Contract Term or for such longer period as this Section requires. CONTRACTOR may offer insurance coverages that are structurally different than those outlined in this Section but that are acceptable to DCAMM at its sole discretion. b. All policies, except for professional liability insurance, shall be written on an occurrence basis. All policies shall be issued by companies lawfully authorized to write that type of insurance under the laws of the Commonwealth of Massachusetts with a financial strength rating of A- or better as assigned by A.M. Best Company, or otherwise acceptable to the DCAMM. c. CONTRACTOR shall submit an original of each certificate of insurance, acceptable to DCAMM DCAMM, in advance of the execution of this Contract. Certificates shall show each type of insurance, insurance company, policy number, any endorsements, amount of insurance, deductibles and /or self- insured retentions, and policy effective and expiration dates. Certificates shall specifically note the following: (i) that the automobile liability, umbrella liability and pollution liability policies include the “Commonwealth of Massachusetts” as additional insureds. (ii) that all policies include the coverage and endorsements in accordance with the terms and conditions as required by this Contract. (iii) that the Builders’ Risk or Installation Floater is on an “all risk” basis including earthquake and flood, and includes the “Commonwealth of Massachusetts and CONTRACTOR as named insureds or joint loss payees as their interests may appear. (iv) that none of the coverages shall be cancelled, terminated, or materially modified unless and until 30 thirty (30) days prior notice is given in writing to the DCAMM. CONTRACTOR shall submit updated certificates prior to the expiration of any of the policies referenced in the certificates so that DCAMM shall at all times possess certificates indicating current coverage. d. DCAMM reserves the right to request certified complete copies of all policies and endorsements at any time during this Contract Term. If DCAMM is damaged by CONTRACTOR's failure to maintain such insurance and to comply with the terms of this Section, then CONTRACTOR shall be responsible for all costs and damages to the DCAMM attributable thereto. e. CONTRACTOR is responsible for the payment of any and all deductibles under all of the insurance required below. DCAMM shall not in any instance be responsible for the payment of deductibles, self-insured retentions, or any portion thereof.

Appears in 3 contracts

Samples: Energy Services Agreement, Energy Services Agreement, Energy Services Agreement

Insurance Generally. a. CONTRACTOR shall purchase and maintain the insurance of the type and limits listed in this Section with respect to the operations as well as the completed operations of the CONTRACTOR. This insurance shall be provided at CONTRACTOR's expense and shall be in full force and effect through the Contract Term or for such longer period as this Section requires. CONTRACTOR may offer insurance coverages that are structurally different than those outlined in this Section but that are acceptable to DCAMM CUSTOMER at its sole discretion. b. All policies, except for professional liability Professional Liability insurance, shall be written on an occurrence basis. All policies shall be issued by companies lawfully authorized to write that type of insurance under the laws of the Commonwealth of Massachusetts with a financial strength rating of A- or better as assigned by A.M. Best Company, or otherwise acceptable to the DCAMMCUSTOMER. c. CONTRACTOR shall submit an original of each certificate of insurance, acceptable to DCAMM CUSTOMER, in advance of the execution of this Contract. Certificates shall show each type of insurance, insurance company, policy number, any endorsements, amount of insurance, deductibles and /or self- insured retentions, and policy effective and expiration dates. Certificates shall specifically note the following: (i) : - that the automobile liability, umbrella liability and pollution liability policies include the “Commonwealth of Massachusetts” as additional insureds. (ii) . - that all policies include the coverage and endorsements in accordance with the terms and conditions as required by this Contract. (iii) . - that the Builders’ Risk or Installation Floater is on an “all risk” basis including earthquake and flood, and includes the “Commonwealth of Massachusetts and CONTRACTOR as named insureds or joint loss payees as their interests may appear. (iv) . - that none of the coverages shall be cancelled, terminated, or materially modified unless and until 30 days prior notice is given in writing to the DCAMMCUSTOMER. CONTRACTOR shall submit updated certificates prior to the expiration of any of the policies referenced in the certificates so that DCAMM CUSTOMER shall at all times possess certificates indicating current coverage. d. DCAMM CUSTOMER reserves the right to request certified complete copies of all policies and endorsements at any time during this Contract Term. If DCAMM CUSTOMER is damaged by CONTRACTOR's failure to maintain such insurance and to comply with the terms of this Section, then CONTRACTOR shall be responsible for all costs and damages to the DCAMM CUSTOMER attributable thereto. e. CONTRACTOR is responsible for the payment of any and all deductibles under all of the insurance required below. DCAMM CUSTOMER shall not in any instance be responsible for the payment of deductibles, self-insured retentions, or any portion thereof.

Appears in 1 contract

Samples: Energy Services Agreement

AutoNDA by SimpleDocs

Insurance Generally. a. CONTRACTOR shall purchase and maintain the insurance of the type and limits listed in this Section with respect to the operations as well as the completed operations of the CONTRACTOR. This insurance shall be provided at CONTRACTOR's expense and shall be in full force and effect through the Contract Term or for such longer period as this Section requires. CONTRACTOR may offer insurance coverages that are structurally different than those outlined in this Section but that are acceptable to DCAMM CUSTOMER at its sole discretion. b. All policies, except for professional liability Professional Liability insurance, shall be written on an occurrence basis. All policies shall be issued by companies lawfully authorized to write that type of insurance under the laws of the Commonwealth of Massachusetts with a financial strength rating of A- or better as assigned by A.M. Best Company, or otherwise acceptable to the DCAMMCUSTOMER. c. CONTRACTOR shall submit an original of each certificate of insurance, acceptable to DCAMM CUSTOMER, in advance of the execution of this Contract. Certificates shall show each type of insurance, insurance company, policy number, any endorsements, amount of insurance, deductibles and /or self- insured retentions, and policy effective and expiration dates. Certificates shall specifically note the following: (i) that the automobile liability, umbrella liability and pollution liability policies include the “Commonwealth of Massachusetts” as additional insureds. (ii) that all policies include the coverage and endorsements in accordance with the terms and conditions as required by this Contract. (iii) that the Builders’ Risk or Installation Floater is on an “all risk” basis including earthquake and flood, and includes the “Commonwealth of Massachusetts and CONTRACTOR as named insureds or joint loss payees as their interests may appear. (iv) that none of the coverages shall be cancelled, terminated, or materially modified unless and until 30 days prior notice is given in writing to the DCAMM. CONTRACTOR shall submit updated certificates prior to the expiration of any of the policies referenced in the certificates so that DCAMM shall at all times possess certificates indicating current coverage. d. DCAMM CUSTOMER reserves the right to request certified complete copies of all policies and endorsements at any time during this Contract Term. If DCAMM CUSTOMER is damaged by CONTRACTOR's failure to maintain such insurance and to comply with the terms of this Section, then CONTRACTOR shall be responsible for all costs and damages to the DCAMM CUSTOMER attributable thereto. e. CONTRACTOR is responsible for the payment of any and all deductibles under all of the insurance required below. DCAMM CUSTOMER shall not in any instance be responsible for the payment of deductibles, self-insured retentions, or any portion thereof.

Appears in 1 contract

Samples: Energy Services Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!