Common use of Occurrence Basis Clause in Contracts

Occurrence Basis. The Workers’ Compensation policy, the Commercial General Liability, and the Umbrella policy required by this Agreement must be provided on an occurrence rather than a claims-made basis. The Professional Liability insurance policy may be on an occurrence basis or claims-made basis. If a claims-made basis, the coverage must respond to all claims reported within three (3) years following the period for which coverage is required and which would have been covered had the coverage been on an occurrence basis.

Appears in 5 contracts

Samples: Consulting Agreement, Term Contract for Testing and Treatment of Water Associated Hvac Systems, Term Contract for Hydrant and Valve Maintenance, Repair, and Flushing Services

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Occurrence Basis. The Workers’ Compensation policy, the Commercial General Liability, Liability and the Umbrella policy required by this Agreement must shall be provided on an occurrence rather than a claims-made basis. The Professional Liability insurance policy may be on an occurrence basis or claims-made basis. If a claims-made basis, the coverage must respond to all claims reported within three (3) years following the period for which coverage is required and which would have been covered had the coverage been on an occurrence basis.

Appears in 3 contracts

Samples: Funding Agreement, Funding Agreement, Master Agreement

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