Common use of Professional Errors and Omissions Coverage Clause in Contracts

Professional Errors and Omissions Coverage. Contractor agrees to carry Professional Errors and Omissions Liability insurance on a policy form appropriate to the professionals providing the Work hereunder with a limit of no less than $2,000,000 per claim. Contractor shall maintain this insurance for damages alleged to be as a result of errors, omissions, or negligent acts of Contractor. Such policy shall have a retroactive date effective before the commencement of any work by Contractor on the Work covered by this Contract, and coverage will remain in force for a period of at least three (3) years after termination of this Contract.

Appears in 3 contracts

Samples: Cooperative Procurement Goods and Services Contract, Cooperative Procurement Goods and Services Contract, Construction Contract

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Professional Errors and Omissions Coverage. Contractor agrees to carry Professional Errors and Omissions Liability insurance on a policy form appropriate to the professionals providing the Work Services hereunder with a limit of no less than $2,000,000 per claim. Contractor shall maintain this insurance for damages alleged to be as a result of errors, omissions, or negligent acts of Contractor. Such policy shall have a retroactive date effective before the commencement of any work by Contractor on the Work Services covered by this ContractAgreement, and coverage will remain in force for a period of at least three (3) years after termination of this ContractAgreement.

Appears in 1 contract

Samples: Professional Services Agreement

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Professional Errors and Omissions Coverage. Contractor agrees to carry Professional Errors and Omissions Liability insurance on a policy form appropriate to the professionals providing the Work work hereunder with a limit of no less than $2,000,000 1,000,000 per claim. Contractor shall maintain this insurance for damages alleged to be as a result of errors, omissions, or negligent acts of Contractor. Such policy shall have a retroactive date effective before the commencement of any work by Contractor on the Work covered by this Contract, and coverage will remain in force for a period of at least three (3) years after termination of this Contractthereafter.

Appears in 1 contract

Samples: Janitorial Services Contract

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