Insured sums Sample Clauses

Insured sums. 1. The insured sum per insured person under Clause 1.01.2 for professional liability – without environmental liability in accordance with Clause 4 – is as follows per insured event: A lump sum of 5,000,000.00 euro for personal injuries and property damage; 100,000.00 euro for pecuniary losses and is available twice for all insured events within an insurance year.
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Insured sums. The indemnity that shall be paid in each coverage for each risk covered under this contract is specified in the title page of this Policy under the heading of insured sum, maximum limit of liability or type of value contracted, which include value added tax (VAT) and all legal taxes corresponding except for the corresponding amount of the Deductible. In case of Total Loss affecting Coverages for Material Damages, Total Loss due to Material Damages or Total Theft, MAPFRE may choose to indemnify or repair the affected property. In case that it chooses to indemnify the Loss, this shall be performed under the following criteria, in each case deducting the corresponding Deductible specified in the Policy title page or respective endorsement:
Sample 1

Related to Insured sums

  • Self-Insured Retentions Self-insured retentions must be declared to and approved by City. City may require Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

  • Insurance Premiums Tenant shall pay or cause to be paid all premiums for the insurance coverage required to be maintained pursuant to Article 9.

  • Indemnities and Insurance The indemnities and insurance requirements set forth in Articles 16 and 17, respectively, will apply to Indemnitees and LESSOR's representatives during return of the Aircraft, including the ground inspection and acceptance flight. With respect to the acceptance flight, LESSOR's representatives will receive the same protections as LESSOR on LESSEE's Aviation and Airline General Third Party Liability Insurance.

  • LIABILITY AND INSURANCE 7.1 Workers’ Compensation Insurance. The Contractor shall maintain workers’ compensation insurance as required under the Florida Workers’ Compensation Law or the workers’ compensation law of another jurisdiction where applicable. The Contractor must require all subcontractors to similarly provide workers’ compensation insurance for all of the latter’s employees. In the event work is being performed by the Contractor under the Contract and any class of employees performing the work is not protected under Workers’ Compensation statutes, the Contractor must provide, and cause each subcontractor to provide, adequate insurance satisfactory to the Department, for the protection of employees not otherwise protected.

  • Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to, and approved by CITY's Risk Manager. At the option of CITY, either; the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects CITY, its officer, employees, agents and contractors; or GRANTEE shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses in an amount specified by the CITY's Risk Manager.

  • Deductibles and Self-Insured Retention Any deductible or self-insured retention that apply to any insurance required by this Agreement must be declared and approved by COUNTY.

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