Common use of PC'S INSURANCE Clause in Contracts

PC'S INSURANCE. PC shall, as an Office Expense, obtain and maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed personnel, if any, and professional and comprehensive general liability insurance covering PC and each of the Dentists PC retains or employs to provide Dental Services. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Million Dollars ($2,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 years, and PC shall be responsible for paying all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier be replaced or changed without PC Consent and Business Manager Consent. PC and Business Manager agree to use their best efforts to have each other named as additional insureds on the other's respective professional liability insurance at Business Manager's expense.

PC'S INSURANCE. PC shall, as an Office Expense, obtain and maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed personnel, if any, and professional and comprehensive general liability insurance covering PC PC, Shareholder and each of the Dentists PC retains or employs to provide Dental Services. As an Office Expense, insurance premium costs shall be paid in the order of priority set forth in Section 3.9(b), which section provides that funds in the PC Account shall be allocated to Office Expenses before any Management Fees are paid. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Three Million Dollars ($2,000,0003,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five One Million Dollars ($1,000,000) for each occurrence and Three Million Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,0003,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 years, and PC Business Manager shall be responsible for paying reimbursing PC for the cost of all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier be replaced or changed without PC Consent and Business Manager Consent. PC and Business Manager agree to use their best efforts to have each other named as additional insureds on the other's respective professional liability insurance at Business Manager's expense.

PC'S INSURANCE. PC shall, as an Office Expense, obtain and maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed personnel, if any, and professional and comprehensive general liability insurance covering PC and each of the Dentists PC retains or employs to provide Dental Services. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Million Dollars ($2,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five Hundred Thousand One Million Dollars ($500,0001,000,000) for each occurrence and One Three Million Five Hundred Thousand Dollars ($1,500,0003,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 10 years, and PC shall be responsible for paying all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier be replaced or changed without the consent of PC Consent and Business Manager ConsentManager. PC and Business Manager agree to use their best efforts to have each other named as additional insureds on the other's respective professional liability insurance at Business Manager's expense.

PC'S INSURANCE. PC shall, as an Office Expense, obtain and maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed retained personnel, if any, and professional and comprehensive general liability insurance covering PC. PC and shall use its best efforts to require each of the Dentists PC retains or employs to provide Dental ServicesServices to obtain and maintain professional liability insurance in the minimum amount of Five Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,000) annual aggregate, naming PC as an additional insured. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Million Dollars ($2,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,000) annual aggregate. The All insurance policy or policies policies, including those obtained by Dentists retained by PC, shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC and each Dentist retained by PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 years, and PC shall be responsible for paying all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier be replaced or changed without PC Consent and Business Manager Consent. PC and Business Manager agree to use their best efforts to have each other named as additional insureds on the other's respective professional liability insurance at Business Manager's expense.

PC'S INSURANCE. PC shall, as an Office Expense, obtain and -------------- maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed personnel, if any, and professional and comprehensive general liability insurance covering PC PC, Shareholder and each of the Dentists PC retains or employs to provide Dental Services. As an Office Expense, insurance premium costs shall be paid in the order of priority set forth in Section 3.9(b), which section provides that funds in the PC Account shall be allocated to Office Expenses before any Management Fees are paid. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Three Million Dollars ($2,000,0003,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five One Million Dollars ($1,000,000) for each occurrence and Three Million Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,0003,000,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 years, and PC Business Manager shall be responsible for paying reimbursing PC for the cost of all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier xxxxxx be replaced or changed without PC Consent and Business Manager Consent. PC and Business Manager agree to use their best efforts to have each other named as additional insureds insurers on the other's respective professional liability insurance at Business Manager's expense.

PC'S INSURANCE. PC shall, as an Office Expense, obtain and maintain with commercial carriers acceptable to Business Manager appropriate worker's compensation coverage for PC's employed personnel, if any, and professional and comprehensive general liability insurance covering PC and each of the Dentists PC retains or employs to provide Dental Services. The comprehensive general liability coverage shall be in the minimum amount of One Million Dollars ($1,000,000) for each occurrence and Two Million Dollars ($2,000,000) annual aggregate; and professional liability coverage shall be in the minimum amount of Five Hundred Thousand Dollars ($500,000) for each occurrence and One Million Five Hundred Thousand Dollars ($1,500,000) annual aggregate. The insurance policy or policies shall provide for at least thirty (30) days advance written notice to PC from the insurer as to any alteration of coverage, cancellation, or proposed cancellation for any cause, and provide that a copy of such notice be sent to Business Manager. PC shall cause to be issued to Business Manager by such insurer or insurers a certificate reflecting such coverage and shall provide written notice to Business Manager promptly upon receipt of notice given to Dentist of the cancellation or proposed cancellation of such insurance for any cause. Upon the termination of this Management Services Agreement for any reason, PC shall obtain and maintain as a PC Expense "tail" professional liability coverage, in the amounts specified in this section for an extended reporting period of 15 years, and PC shall be responsible for paying all premiums for "tail" insurance coverage. In no event shall the professional liability insurance carrier be replaced or changed without PC Consent and Business Manager Consent. PC and Business Manager agree to use their best efforts to have each other named as additional insureds on the other's respective professional liability insurance at Business Manager's expense.