Common use of Owner’s Requirements of Insurance Clause in Contracts

Owner’s Requirements of Insurance. Contractor shall not commence Work under the Agreement until it has obtained all required insurance and until such insurance has been reviewed and approved in writing by the Owner. Owner’s approval of such insurance shall not relieve nor decrease the liability of the Contractor hereunder. Prior to commencing any Work, Contractor shall provide evidence satisfactory to Owner that all insurance coverages for the limits and forms of coverage required under Owner’s Requirements of Insurance (Exhibit 1) are in full force and effect.