Obligation to Effect Insurance. All firms carrying on a practice during any indemnity period beginning on or after 1 October 2011 must take out and maintain qualifying insurance under these Rules.
Obligation to Effect Insurance. The Contractor undertakes to effect such insurance with an insureras detailed by the Principal and based on commercially reasonable terms (including reasonable exclusions) and which is compliant with theAgreement confirmation regarding full coverage of the policy towards the Agreement conditions. In case of mandatory legal requirements related to specific insurances for activities stipulated inSection 2 of this Agreement Contractorshall also provide additional insurance for these activities or shall include respective extensions to Contractor shall be submitted to the Principal within a time frame indicated in Clause10.8 of this Agreement. The limit of ProfessionalRisk Indemnity Insurance liability (Clause 10.6) for the insurance coverable shall be no less than EUR 400,000 (four hundred thousand euros)in aggregate and for each insured event during the whole period of performance of the Agreement. The costs of such insurance shall be at the sole expense of the Contractor.
Obligation to Effect Insurance. The Contractor undertakes to effect such insurance with an insurer and on terms and conditions acceptable to the Principal. The limit ofProfessional risk indemnity insuranceliability (Clause 11.1) for the insurance coverable shall be no less than EUR 500 000,00 (five hundred thousand euros) per claim/occurrenceduring the whole period of performance of the Agreement and with extended reporting period 5 (five) years. The costs of such insurance shall be at the expense of the Contractor.
Obligation to Effect Insurance. The AsBo undertakes to effect such insurance with an insurer and on terms and conditions as detailed herein and may be further specified by the Principal. The limit of Professional risk indemnity insurance liability for the insurance coverable shall be no less than one hundred and fifty percent (150%) of the total value of the Agreement under Clause 2.2 during the entire term of the Agreement. The amount of the Professional risk indemnity insurance liability for each insured event shall be no less than twenty percent (20%) of the total value of the Agreement under Clause 2.2. The costs of such insurance shall be at the sole expense of the AsBo.
Obligation to Effect Insurance. The Subcontractor must have adequate insurance against liability, loss or damage in relation to claims for:
(a) property damage;
(b) public liability; and
(c) professional indemnity, relevant to the performance of the Subcontractor’s obligations and the warranties and indemnities given under this Agreement.
Obligation to Effect Insurance. The Contractor undertakes to effect such Liability Insurance based on commercially reasonable terms (including reasonable exclusions) and which is compliant with the Agreement conditions and Applicable Law requirements. The limit of liability of the Liability Insurance shall be no less than the Total Value of the Agreement as per Clause 3.1 during the entire term of the Agreement.
Obligation to Effect Insurance. The Contractor undertakes to effect such Professional civil liability insurance with an insurer and based on commercially reasonable terms (including reasonable exclusions), and which is compliant with the Agreement conditions and Applicable Law requirements. The aggregate value of liability of the Professional civil liability insurance and for one occurrence shall be no less than twice (2) the amount of the total value of the Agreement as per Clause 9.1 during the entire term of the Agreement. The amount of liability for each insured event shall be no less than twenty percent (20%) of the total value of the Agreement as per Clause 9.1.
Obligation to Effect Insurance. If so requested, the Contractor undertakes to exercise all reasonable efforts to effect such insurance or increase in insurance with an insurer and on terms and conditions acceptable to the Principal. The limit of liability for the insurance coverable shall be noless than 1 000 000,00 EUR(one million euro) per claim/occurrence and the Principal and its executive officers, officers and employees shall be named l be at obligation to pay compensation (capital, interest and costs) for damages involuntarily caused to one or more third parties for death, personal injury and damage to property; and to employees for injuries suffered in any occurrences happened during their work activities (including, without limitation, institutional activity, ordinary, extraordinary, devolved, hired, given including those of a preliminary nature, complementary, accessory, solidarity, recreational, volunteer and social) which includes the protection of participants in the trials to cover the civil liability of the trier and trial promoters.
Obligation to Effect Insurance. The Contractor undertakes to effect such insurance with an insurer and on terms and conditions as detailed by the respective Principal. The limit ofProfessional risk indemnity insurance liability (Clause 13.6) for the insurance coverable shall be no less than double the Service Fee of the specific Assignment Oder total for all claims during the whole period of performance of the specific Assignment Order or another period not exceeding 5 (five) years from the conclusion of the specific Assignment as initially specified in the respective Request for Assignment or Request for Proposal. Tehcosts of such insurance shall be at the sole expense of the Contractor.
Obligation to Effect Insurance. The Consultant must have adequate insurance against liability, loss or damage in relation to claims for:
(a) property damage;
(b) public liability; and
(c) professional indemnity, relevant to the performance of the Consultant’s obligations under this Agreement.
