Optional Insurance Coverage Clause Samples
The Optional Insurance Coverage clause allows one or both parties to choose whether to obtain additional insurance beyond what is required by the main agreement. In practice, this clause may specify the types of optional coverage available, such as property, liability, or business interruption insurance, and outline the process for notifying the other party if such coverage is obtained. Its core function is to provide flexibility, enabling parties to tailor their risk management strategies according to their specific needs without mandating extra insurance for all.
Optional Insurance Coverage. Employees desiring to participate in other optional insurance programs authorized by the County may do so at their expense, using payroll withholding.
Optional Insurance Coverage. Choose and check one: Required x_ /Not Required ; Errors and omissions insurance in a minimum amount of $2 million per occurrence to cover any negligent acts or omissions committed by CONTRACTOR, its employees and/or agents in the performance of any Services for CITY.
Optional Insurance Coverage. Employees desiring to participate in other optional insurance programs currently authorized by the Board may do so at their expense using payroll withholding. Employees on a continued non-paid leave status must make their own arrangements with the payroll department to continue insurance benefits at their own expense, subject to the contract terms and conditions between the County and the insurance carriers.
Optional Insurance Coverage. The following insurance coverage are recommended and should be purchased if the HA determines that exposure exists:
1. Boiler and Machinery coverage is recommended if there is extensive central, conditioning, electrical transformers, or similar equipment.
2. Directors and Officers or Public Officials Liability.
Optional Insurance Coverage. Parents/students have the option to purchase insurance for the school-issued Chromebook to cover Chromebook repair and replacement in the event of theft, loss or damage. This is completely optional, but will be very beneficial if the Chromebook is lost, stolen, or damaged. Otherwise, the student must complete assignments using alternative methods for the remaining school year.