Common use of Policy of Professional Liability Insurance Clause in Contracts

Policy of Professional Liability Insurance. or Errors & Omissions coverage, minimum of $1,000,000 each occurrence, general aggregate minimum limit of $1,000,000 with a deductible of not greater than $1,000;

Policy of Professional Liability Insurance. or Errors & Omissions coverage, minimum of $1,000,000 each occurrence, general aggregate minimum limit of $1,000,000 5,000,000 with a deductible of not greater than $1,000;