Common use of LIABILITY PROTECTION AND INSURANCE Clause in Contracts

LIABILITY PROTECTION AND INSURANCE. a. Subsection 134(1) and section 136 of the Business Corporations Act apply with necessary modifications to the Agency, its Board and its officers, but the Agency shall not give an indemnity under section 136 of the Business Corporations Act to any person unless the indemnity has been approved in accordance with section 28 of the Financial Administration Act. b. The Agency shall put in effect and maintain insurance coverage that is satisfactory to the Ministry to protect itself against all claims that might arise from anything done or omitted to be done by the Agency or its directors, officers, employees, independent contractors or agents, and from anything done or omitted to be done where bodily or personal injury, death or property damage, including loss of use thereof, is caused. c. The Agency shall provide the Ministry with certificates of insurance, or other proof of insurance, from time to time, as may be requested by the Ministry. d. The Agency is not covered under the Province’s General Road and Liability Protection Program and will purchase commercial general liability insurance, including but not limited to directors’ and officers’ liability insurance, in order to protect itself against claims that might arise from anything done or omitted to be done by the Agency or its directors, officers, employees or agents, and from anything done or omitted to be done where bodily or personal injury, death or property damage, including loss of use thereof, is caused.