Professional and General Liability Insurance of Practice Sample Clauses

Professional and General Liability Insurance of Practice. Business Manager shall obtain and maintain, on behalf of Practice and as an Office Expense, professional and comprehensive general liability insurance covering Practice and each of Physicians and Optometrists. 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 one million dollars ($1,000,000) for each occurrence and three million dollars ($3,000,000) annual aggregate, or any other higher minimum coverage requirements established by law. The insurance policy or policies shall provide for at least (30) days' advance written notice to Business Manager and Practice from the insurer as to any alteration of coverage, cancellation or proposed cancellation for any cause. Business Manager shall cause to be issued to Practice a certificate of such insurer or insurers reflecting such coverage and either party hereunder shall provide written notice to the other party promptly upon receipt of any notice canceling or proposing to cancel the insurance coverage of Practice, or any Physician or Optometrist for any reason. Upon the termination of this Management Services Agreement for any reason, Practice shall obtain and maintain as a Practice Expense "tail" professional liability coverage, in the amounts specified in this Section 4.14(b) for an extended reporting period of ten years, and Practice shall be responsible for paying all premiums for "tail" insurance coverage.
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Professional and General Liability Insurance of Practice. Business Manager shall obtain and maintain, on behalf of Practice and as an Office Expense, professional and comprehensive general liability insurance covering Practice and each of Physicians and Optometrists for the services they provide for Practice. 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 in each of Illinois, Indiana and Delaware; and professional liability coverage shall be in the minimum amount of One Million dollars ($1,000,000) for each occurrence and Three Million dollars ($3,000,000) annual aggregate, in Illinois, and in the minimum amount of One Hundred Thousand dollars ($100,000) for each occurrence and Three Hundred Thousand dollars ($300,000) annual aggregate, in Indiana, or any other higher minimum coverage requirements established by law. The insurance policy or policies shall provide for at least (30) days' advance written notice to Business Manager and Practice from the insurer as to any alteration of coverage, cancellation or proposed cancellation for any cause. Business Manager shall cause to be issued to Practice a certificate of such insurer or insurers reflecting such coverage and either party hereunder shall provide notice to the other party promptly upon receipt of any notice canceling or proposing to cancel the insurance coverage of Practice, or any Physician or Optometrist for any reason. Upon the termination of this Management Services Agreement for any reason, Practice shall obtain and maintain as a Practice Expense "tail" professional liability coverage, in the amounts specified in this Section 4.14(b) for an extended reporting period of ten (10) years, and Practice shall be responsible for paying all premiums for "tail" insurance coverage.
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Related to Professional and General Liability Insurance of Practice

  • General Liability Insurance including contractual liability, with limits of $1,000,000 combined single limit per occurrence bodily injury and property damage with a $2,000,000 annual aggregate.

  • Professional Liability Insurance The New PC shall provide, or arrange for the provision of, and maintain throughout the Term of this Agreement, professional liability insurance coverage in accordance with the provisions of Article 9 hereof. The New PC shall also cooperate in any programs recommended by the MSO to assure that each of its Orthodontists is insurable, and that Xx. Xxxxxxx and each Orthodontist participates in an on-going risk management program.

  • General Liability Lessee and/or Owner shall obtain General Liability insuring against third party liability claims with minimum limits of $1,000,000 each occurrence/$2,000,000 aggregate. Such coverage shall include the Operator as Additional Insured as respects liability arising from the operation, maintenance, and use of the Hotel and operations incidental thereto. Lessee and/or Owner also agree to maintain Umbrella Liability Policy with a minimum limit of $10,000,000.00.

  • Comprehensive General Liability Insurance Insurance against claims for bodily injury, death or Property damage occurring on, in or about the Property (and adjoining streets, sidewalks and waterways) of such Person, in such amounts as are then customary for Property similar in use in the jurisdictions where such Properties are located.

  • Liability Insurance and Funding For the duration of Indemnitee’s service as a director and/or officer of the Company and for a reasonable period of time thereafter, which such period shall be determined by the Company in its sole discretion, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for directors and/or officers of the Company, and, if applicable, that is substantially comparable in scope and amount to that provided by the Company’s current policies of directors’ and officers’ liability insurance. Upon reasonable request, the Company shall provide Indemnitee or his or her counsel with a copy of all directors’ and officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials. In all policies of directors’ and officers’ liability insurance obtained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors and officers most favorably insured by such policy. Notwithstanding the foregoing, (i) the Company may, but shall not be required to, create a trust fund, grant a security interest or use other means, including, without limitation, a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement and (ii) in renewing or seeking to renew any insurance hereunder, the Company will not be required to expend more than 2.0 times the premium amount of the immediately preceding policy period (equitably adjusted if necessary to reflect differences in policy periods).

  • Commercial General Liability Insurance covering the insured against claims of bodily injury, personal injury and property damage (including loss of use thereof) arising out of Tenant’s operations, and contractual liabilities (covering the performance by Tenant of its indemnity agreements) including a Broad Form endorsement covering the insuring provisions of this Lease and the performance by Tenant of the indemnity agreements set forth in Section 10.1 of this Lease, for limits of liability not less than: Bodily Injury and $5,000,000 each occurrence Property Damage Liability $5,000,000 annual aggregate Personal Injury Liability $5,000,000 each occurrence $5,000,000 annual aggregate 0% Insured’s participation

  • Liability Insurance - Lessee Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance insuring Lessee and Lessor against any liability arising out of the use, occupancy or maintenance of the Premises and all other areas appurtenant thereto. Such insurance shall be in an amount not less than $500,000 per occurrence. The policy shall insure performance by Lessee of the indemnity provisions of this Paragraph 8. The limits of said insurance shall not, however, limit the liability of Lessee hereunder.

  • Liability Insurance To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

  • Hazard and Liability Insurance The Administrative Agent shall have received certificates of insurance, evidence of payment of all insurance premiums for the current policy year of each, and, if requested by the Administrative Agent, copies (certified by a Responsible Officer) of insurance policies in the form required under the Security Documents and otherwise in form and substance reasonably satisfactory to the Administrative Agent.

  • Maintenance of Liability Insurance (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

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