Organization Insurance Sample Clauses

Organization Insurance. Throughout the Term of the Agreement, Organization shall provide and maintain, at its expense, general liability and participant accident insurance as detailed below. Organization shall not allow any of the required policies to be materially changed, reduced or cancelled unless Organization provides 30 days’ prior written notice thereof to USAFB. If Organization is self-insured (by law or otherwise), it hereby represents and warrants to USAFB that its self-insurance program provides for coverage no less than the requirements below.

Organization Insurance. The Organization agrees to carry the following insurance: (a) Commercial General Liability Insurance in the amount of not less than $5,000,000 each occurrence and $10,000,000 aggregate to cover such liability, caused by, or arising out of activities of Organization, its Personnel, and each of their respective guests and volunteers while engaged in connection with the Event; (b) where applicable, auto liability insurance of not less than $5,000,000 each accident, and (c) to the extent applicable, worker’s compensation - statutory limits. Excess Liability/Umbrella is acceptable to broaden existing general liability & auto liability primary limits to increase them sufficiently to meet requirements. Insurance Certificates. At least five (5) days prior to the Event, the Organization agrees to furnish the University with an updated certificate of insurance that has been issued no earlier than 30 days prior to the Event. The certificate(s) must evidence the above referenced insurance as well as evidencing The Regents of The University of Michigan named as an additional insured in respect to the Organization’s Commercial General Liability Insurance but only as respect to claims arising out of the operations of the Organization in connection with the Event. Failure to request, review or comment on the certificates shall not affect the University’s rights or the Organization’s obligations. Address for the University on the Certificate should read as follows: University of Michigan Risk Management Argus II Building 000 Xxxxx Xxxxxx Xxxxxx Xxx Xxxxx, Xxxxxxxx 00000-0000 Indemnity. The Organization shall defend, indemnify and hold harmless the University, its board members, officers, employees, agents and students from and against any costs, losses, damages, liabilities, expenses, demands and judgments, including court costs and attorney fees (“Losses”), which may arise out of (i) the Organization’s or its Personnel’s acts or omissions under this Agreement and (ii) the acts or omissions of the Organization’s guests or invitees during the Event, in each case, for which the Organization would be liable in law or equity. The University shall defend, indemnify and hold harmless the Organization, its board members, officers, employees and agents from and against any Losses which may arise out of the University’s and its Personnel’s acts or omissions under this Agreement, for which the University would be liable in law or equity. The indemnifying party shall keep the non-ind...