Common use of Insurance Obligation Clause in Contracts

Insurance Obligation. During the Term of this Statewide Contract (“Contract”), Contractor shall possess and maintain in full force and effect, at Contractor’s sole expense, the following insurance coverages: a. COMMERCIAL GENERAL LIABILITY / MARINE GENERAL LIABILITY INSURANCE. Commercial general liability (“CGL”) or marine general liability (“MGL”) insurance (and, if necessary, commercial umbrella liability insurance) covering bodily injury, property damage, products/completed operations, personal injury, and advertising injury liability on an ‘occurrence form’ that shall be no less comprehensive and no more restrictive than the coverage provided by Insurance Services Office (ISO) under the most recent version of form CG 00 01 in the amount of not less than $2,000,000 per occurrence and $4,000,000 general aggregate. This coverage shall include blanket contractual liability coverage. This coverage shall include a cross-liability clause or separation of insured condition. MGL insurance shall have no exclusions for non-owned watercraft.