Insurance in General.
(1) The Concessioner shall obtain and maintain during the entire term of this Contract at its sole cost and expense, the types and amounts of insurance coverage necessary to fulfill the obligations of this Contract as determined by the Director. The initial insurance requirements are set forth below and in Exhibit I. Any changed or additional requirements that the Director determines necessary must be reasonable and consistent with the types and coverage amounts of insurance a prudent businessperson would purchase in similar circumstances. The Director shall approve the types and amounts of insurance coverage purchased by the Concessioner.
(2) The Director will not be responsible for any omissions or inadequacies of insurance coverages and amounts in the event the insurance purchased by the Concessioner proves to be inadequate or otherwise insufficient for any reason whatsoever.
(3) At the request of the Director, the Concessioner shall at the time insurance is first purchased and annually thereafter, provide the Director with a Certificate of Insurance that accurately details the conditions of the policy as evidence of compliance with this section. The Concessioner shall provide the Director immediate written notice of any material change in the Concessioner's insurance program hereunder, including without limitation, cancellation of any required insurance coverages.
Insurance in General. CONSULTANT shall, at its own expense, procure and maintain throughout the term of this Agreement and/or any TASK ORDERS issued hereunder, with an insurer or insurers acceptable to the TOWN, the types and amounts of insurance conforming to the minimum requirements set forth herein. As evidence of compliance with the insurance required herein, CONSULTANT shall furnish the TOWN with:
(a) a fully completed satisfactory Certificate of Insurance evidencing all coverage required. Also, a copy of the actual notice of cancellation endorsement(s) as issued on the policy(ies) and a copy of the actual additional insured endorsement as issued on the Commercial General Liability policy, signed by an authorized representative of the insurer(s) verifying inclusion of the TOWN and the TOWN’s members, officials, officers and employees as additional insureds in the Commercial General Liability coverage;
(b) the original of the policy(ies); and/or
(c) other evidence satisfactory to the TOWN. Until such coverage is no longer required by this Agreement, CONSULTANT shall provide the TOWN with renewal or replacement evidence of insurance at least thirty (30) days prior to the expiration or termination of such insurance.
Insurance in General. CONSULTANT shall, at its own expense, procure and maintain throughout the term of this Agreement, with an insurer or insurers acceptable to the CITY, the types and amounts of insurance conforming to the minimum requirements set forth herein. As evidence of compliance with the insurance required herein, CONSULTANT shall furnish the CITY with:
(a) a fully completed satisfactory Certificate of Insurance evidencing all coverage required. Also, a copy of the actual notice of cancellation endorsement(s) as issued on the policy(ies) and a copy of the actual additional insured endorsement as issued on the Commercial General Liability policy, signed by an authorized representative of the insurer(s) verifying inclusion of the CITY and the CITY’s members, officials, officers and employees as additional insureds in the Commercial General Liability coverage;
(b) other evidence satisfactory to the CITY. Until such coverage is no longer required by this Agreement, CONSULTANT shall provide the CITY with renewal or replacement evidence of insurance at least thirty (30) days prior to the expiration or termination of such insurance.
Insurance in General. The Concessioner shall obtain and maintain during the entire term of this Contract at its sole cost and expense, the types and amounts of insurance coverage necessary to fulfill the obligations of this Contract as determined by the Director. The initial insurance requirements are set forth below and in Exhibit D. Any changed or additional requirements that the Director determines necessary must be reasonable and consistent with the types and coverage amounts of insurance a prudent businessperson would purchase in similar circumstances. The Director shall approve the types and amounts of insurance coverage purchased by the Concessioner.
Insurance in General. (a) Each policy of insurance required under this Lease shall be non-cancelable and not be subject to material change, unless at least thirty (30) days’ notice (10 days for non-payment of premiums) of such proposed cancellation or material change has been provided to Landlord and Tenant.
(b) Unless waived in writing by the other Party, each such policy shall be issued by an insurance company duly authorized to conduct business in the State of New Mexico with a rating of at least “A” from A.M. Best or equivalent rating agency.
(c) All proceeds of such policies (where appropriate) shall be used for the restoration or repair of the Insured Property.
(d) Each policy of insurance required under this Lease shall include a provision for a waiver of subrogation in favor of Landlord, Tenant and all other insureds.
(e) Landlord has no obligation to insure, and no liability for any damage to, any improvements, equipment or other personal property of Tenant or its Permittees located in the Easement Areas.
Insurance in General. (1) The Subconcessioner shall obtain and maintain during the entire term of this Subcontract, at its sole cost and expense, the types and amounts of insurance coverage necessary to fulfill the obligations of this Subcontract as determined by the Concessioner. The minimum insurance requirements are set in Exhibit I to the Contract. Any changes or additional requirements that the Concessioner determines necessary must be reasonable and consistent with the types and coverage amounts of insurance a prudent businessperson would purchase in similar circumstances. The Concessioner shall approve the types and amounts of insurance coverage purchased by the Subconcessioner.
(2) The Subconcessioner shall, at the time insurance is first purchased and annually thereafter, provide the Concessioner with a Certificate of Insurance that accurately details the conditions of the policy(ies) as evidence of compliance with this section and shall provide copies of the policies themselves upon request. The Subconcessioner agrees that the Concessioner may provide the Director the certificate or insurance or policies referenced hereunder. The Subconcessioner shall provide the Concessioner immediate written notice of any material change in the Subconcessioner's insurance program hereunder, including without limitation, cancellation of any required insurance coverages.
(3) All liability policies shall specify that the insurance company shall have no right of subrogation against the United States of America and shall provide that the United States of America is included as an additional insured.
Insurance in General. 1. Upon execution of this Concession Contract the Concession Contractor shall provide Reclamation with proof of insurance in accordance with Subsections 7.C, 7.D, and 7.E, and shall thereafter maintain all insurance policies in effect on the date of execution of the Concession Contract for the duration of the Contract term. Any policy changes, except for an increase in coverage amounts, shall be made only with advance written approval by Reclamation.
2. Reclamation will not be responsible for any omissions or inadequacies of insurance coverage and amounts in the event the insurance purchased by the Concession Contractor proves to be inadequate or otherwise insufficient for any reason whatsoever.
Insurance in General. All insurance required to be carried by Lessee hereunder shall be issued by insurance companies licensed to do business in the state where the Premises is located. Any insurance policy required under this Lease shall name Lessor as an “additional insured” with Lessee providing certificates of insurance to Lessor evidencing the existence and amounts of such insurance. All policies of insurance must contain a provision that the company writing said policy will give to Lessor thirty (30) days’ notice (and ten (10) days for non-payment of premiums) in writing in advance of any modification, cancellation or lapse or reduction in the amounts of insurance. All public liability, property damage and other casualty insurance policies shall be written as primary policies, not contributing with, and not in excess of coverage which Lessor or Lessee may carry. Lessee shall furnish Lessor with a certificate of insurance evidencing renewal of any such policy at least thirty (30) days prior to the expiration thereof. Lessee may carry such insurance under a blanket policy provided such blanket policy expressly affords the coverage required by this Lease by a Lessor’s protective liability endorsement or otherwise. Lessor and its respective agents shall have the right from time to time to review such blanket policy.
Insurance in General. CONSULTANT shall, at its own expense, procure and maintain throughout the term of this Agreement and/or any TASK ORDERS issued hereunder, with an insurer or insurers acceptable to the CITY, the types and amounts of insurance conforming to the minimum requirements set forth herein. As evidence of compliance with the insurance required herein, CONSULTANT shall furnish the CITY with:
(a) a fully completed satisfactory Certificate of Insurance evidencing all coverage required. Also, a copy of the actual notice of cancellation endorsement(s) as issued on the policy(ies) and a copy of the actual additional insured endorsement as issued on the Commercial General Liability policy, signed by an authorized representative of the insurer(s) verifying inclusion of the CITY and the CITY’s members, officials, officers and employees as additional insureds in the Commercial General Liability coverage;
(b) other evidence reasonably satisfactory to the CITY. Until such coverage is no longer required by this Agreement, CONSULTANT shall provide the CITY with renewal or replacement evidence of insurance as soon as practical prior to the expiration or termination of such insurance.
Insurance in General. If the Supplier shall fail to effect and keep in force the insurance referred to in this Chapter 18, the Purchaser may after giving appropriate prior notice, effect and keep in force any such insurance and pay such premium as may be necessary for that purpose and recover the cost of the same from the Supplier whether by way of deduction or otherwise. The securing of any insurance policy by the Purchaser shall not relieve the Supplier from any liability arising from or connected with its failure to take out or maintain the insurance policies in compliance with this Chapter 18.
