Common use of Insurance Obligations Clause in Contracts

Insurance Obligations. Commencing with the initiation of construction activities of the Facility and continuing until the termination of this Agreement, and at no additional cost to Buyer, Seller shall maintain or cause to be maintained by contracted parties at the Facility, occurrence form insurance policies as follows: (a) Workers’ Compensation in accordance with the statutory requirements of the state in which the Services are performed and Employer’s Liability Insurance of not less than $500,000 each accident/employee/disease;