Common use of Liability of Contractor Clause in Contracts

Liability of Contractor. Contractor is responsible for thoroughly inspecting all Corporation-loaned tools and equipment for defects. If Contractor notices any defects with the loaned equipment, Contractor shall immediately notify Corporation, return the items, and not utilized by Contractor. The Commercial General Liability Insurance policy maintained by Contractor under this Contract shall include liability coverage for liability assumed by Contractor associated with the use, supervision, and training of personnel using the loaned equipment. Contractor is solely liable for all injuries or death of any and all persons and for damage, loss, and/or destruction of property arising out of or connected in any manner with the use of Corporation loaned equipment or tools.