Minimum Insurance Coverage Requirements Clause Samples
The Minimum Insurance Coverage Requirements clause sets a baseline level of insurance that a party must maintain throughout the duration of an agreement. Typically, it specifies the types and amounts of insurance—such as general liability, professional liability, or workers’ compensation—that must be carried, and may require proof of coverage or notification of policy changes. This clause ensures that both parties are protected against potential losses or liabilities, reducing financial risk and clarifying expectations regarding insurance obligations.
Minimum Insurance Coverage Requirements. The following insurance coverage shall be purchased and maintained throughout the term of this Master Agreement and the Annual Operating Agreement:
Minimum Insurance Coverage Requirements. Unless otherwise approved by the Director of Finance, the policy or policies of insurance maintained by the Contractor shall provide the following minimum limit(s) and coverage(s) as specified herein and be placed with an insurance carrier authorized to do business in the State of Hawai'i and rated A-VII by A.M. Best:
Minimum Insurance Coverage Requirements. Unless otherwise approved by State Purchaser, the policy or policies of insurance maintained by Provider shall provide the following minimum limit(s) and coverage(s) as specified herein, be placed with an insurance carrier authorized to do business in the State and rated A- VII by A.M. Best, and shall name the State as an additional insured. The minimum liability limits of liability may be provided by a combination of primary and Umbrella or Excess Liability policies.
Minimum Insurance Coverage Requirements. The following minimum insurance coverage shall be purchased and maintained throughout the term of this agreement: