IPDC’s Insurance Sample Clauses

IPDC’s Insurance. (a) The IPDC shall, at its cost, obtain and maintain: (i) commercial general liability insurance covering the services and operations of the IPDC for bodily injury and/or property damage with policy limits of not less than five million dollars ($5,000,000.00) per occurrence and a deductible not more than $5,000 per occurrence for property damage; and (ii) professional liability insurance with policy limits of not less than five million dollars ($5,000,000) per claim and in the aggregate, a deductible not more than $25,000 per claim and covering liability which the IPDC might incur as a result of breach by it of its obligations owed in a professional capacity to the IA Parties, or any of them, under or in connection with this Agreement or the provision of services or the performance of the Functions hereunder. (b) The IPDC shall: (i) ensure that each of the insurance policies described in Section 6.1(a) is in a form and with insurers and on terms acceptable to each of the IA Parties; (ii) ensure that each of the insurance policies required to be taken out by the IPDC under Section 6.1(a): (A) is obtained and maintained with reputable and qualified insurers licensed in Alberta; and (B) contains an endorsement to the effect that the insurer will not effect any material adverse change or amendment to the policy or any cancellation of the policy without first giving at least 30 days prior written notice by registered mail to each of the IA Parties; (iii) ensure that the commercial general liability insurance policy required under Section 6.1(a) contains a cross liability and severability of interest clause and may be primary and non-contributory with any similar insurance coverage (primary or excess) maintained by any of the IA Parties; (iv) be responsible for the payment of all premium and deductible amounts relating to the insurance policies; (v) maintain in force the commercial general liability insurance as required under Section 6.1(a) from the date of this Agreement until the expiry or termination of this Agreement; (vi) maintain in force the professional liability insurance required under Section 6.1(a) from the date of this Agreement until 36 months after the expiry or termination of this Agreement; (vii) endorse the commercial general liability insurance to include each of the IA Parties as additional insureds; (viii) endorse the commercial general liability insurance to include a waiver of subrogation in favor of the IA Parties; (ix) provide copies of...
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Related to IPDC’s Insurance

  • Business Insurance The Transaction Entities and their respective subsidiaries carry or are entitled to the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as is generally maintained by companies of established repute engaged in the same or similar business, and all such insurance is in full force and effect. Neither of the Transaction Entities has any reason to believe that it or any of their respective subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to, singly or in the aggregate, result in a Material Adverse Effect.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Excess Insurance All policies providing excess coverage to City shall follow the form of the primary policy or policies including but not limited to all endorsements.

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Renter’s Insurance (check one)

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Tail Insurance Buyer shall deliver evidence of its tail insurance coverage required by Section 6.13 hereof.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

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