INSURANCE REQUIRED BY SERVICE PROVIDER Sample Clauses

INSURANCE REQUIRED BY SERVICE PROVIDER. 10.1 Unless otherwise specified in the Purchase Order, the Service Provider must hold the insurances that a prudent Service Provider of the Goods and Services would hold, including:
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INSURANCE REQUIRED BY SERVICE PROVIDER. Where the Service Provider, pursuant to the RFQ, is required to have in place policies of insurance, then the Service Provider must, as a precondition to any entitlement to payment under or in connection with a Purchase Order Contract, have in place those insurance policies stated in the RFQ in the amounts and for the periods stated in the RFQ and on terms and with an insurer having a Standard and Poors, Moodys, A M Best, Fitch's or equivalent rating agency's financial strength rating of A- or better. The Service Provider must ensure that its subcontractors and sub-consultants are similarly insured or covered by the insurance required under this clause 7.2 for the relevant work to be performed by those subcontractors and sub-consultants. Before commencing any work under a Purchase Order Contract and when requested by Essential Energy’s Representative from time to time, the Service Provider must promptly provide to Essential Energy’s Representative copies of the certificates of currency for any insurance policies required by this clause 7.2.
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INSURANCE REQUIRED BY SERVICE PROVIDER. ‌ Where the Service Provider, pursuant to the RFQ the subject of the relevant Purchase Order Contract, is required to have in place policies of insurance, then the Service Provider must, as a precondition to any entitlement to payment under or in connection with a Purchase Order Contract, have in place those insurance policies stated in the RFQ the subject of the relevant Purchase Order Contract in the amounts and for the periods stated in that RFQ and with an insurer having a Standard and Poors, Moodys, A M Best, Fitch's or equivalent rating agency's financial strength rating of A- or better. The Service Provider must ensure that its subcontractors and sub-consultants are similarly insured or covered by the insurance required under this clause 7.2 for the relevant work to be performed by those subcontractors and sub-consultants. Before commencing any work under a Purchase Order Contract and when requested by Essential Energy’s Representative from time to time, the Service Provider must promptly provide to Essential Energy’s Representative copies of the certificates of currency for any insurance policies required by this clause 7.2.
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Related to INSURANCE REQUIRED BY SERVICE PROVIDER

  • Insurance Required At all times throughout the Lease Term, including, when indicated herein, during the Construction Period, if any, the Company shall, at its sole cost and expense, maintain or cause to be maintained insurance against such risks and for such amounts as are customarily insured against by facilities of like size and type and shall pay or cause to be paid, as the same become due and payable, all premiums with respect thereto, including, but not necessarily limited to:

  • Subcontractor Insurance Requirements 9.1.5.1 DB Contractor’s obligations regarding Subcontractor’s insurance are set forth in Exhibit 14. DB Contractor shall cause each Subcontractor to provide such insurance in the manner and in the form consistent with the requirements contained in Exhibit 14 and also including a requirement to comply with the primary and non-contributory, waiver of subrogation, and notice of cancellation provisions of this Section.

  • Insurance Requirements Vendor agrees to maintain the following minimum insurance requirements for the duration of this Agreement. All policies held by Vendor to adhere to this term shall be written by a carrier with a financial size category of VII and at least a rating of “A‐” by A.M. Best Key Rating Guide. The coverages and limits are to be considered minimum requirements and in no way limit the liability of the Vendor(s). Any immunity available to TIPS or TIPS Members shall not be used as a defense by the contractor's insurance policy. Only deductibles applicable to property damage are acceptable, unless proof of retention funds to cover said deductibles is provided. "Claims made" policies will not be accepted. Vendor’s required minimum coverage shall not be suspended, voided, cancelled, non‐renewed or reduced in coverage or in limits unless replaced by a policy that provides the minimum required coverage except after thirty (30) days prior written notice by certified mail, return receipt requested has been given to TIPS or the TIPS Member if a project or pending delivery of an order is ongoing. Upon request, certified copies of all insurance policies shall be furnished to the TIPS or the TIPS Member. Vendor agrees that when Vendor or its subcontractors are liable for any damages or claims, Vendor’s policy, shall be primary over any other valid and collectible insurance carried by the Member or TIPS. General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non‐owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement. If Vendor performs in multiple jurisdictions, Vendor shall maintain the statutory limits for the jurisdiction with the greatest dollar policy limit requirement. Umbrella Liability: $1,000,000 each Occurrence/Aggregate

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