Professional Errors & Omissions Insurance Sample Clauses

Professional Errors & Omissions Insurance. The Contractor shall provide and maintain Professional Liability or Errors and Omissions Insurance in the amounts of one million dollars ($1,000,000) per occurrence, and two million dollars ($2,000,000) in the aggregate. Such insurance shall apply to professional acts or omissions arising out of the scope of services covered by the Agreement.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Professional Errors & Omissions Insurance. The contractor shall maintain, during the term of the Contract, Professional Errors & Omissions insurance. • Such insurance shall apply to professional errors, acts, or omissions arising out of the scope of services covered by this Solicitation. • If coverage is written on a claims-made policy, the Contractor warrants that any applicable retroactive date precedes the start of work; and that the continuous coverage will be maintained, or an extended discovery period exercised, throughout the performance of the services and for a period of not less than three years form the time work under this Contract is completed. Written proof of this extended reporting period or evidence of your ability to purchase at the completion of your work must be provided to OGS upon request. • The policy shall cover professional misconduct or lack of ordinary skill for those positions defined in the Scope of Services of this Contract.
Sample 1
Professional Errors & Omissions Insurance. (if applicable). Liability insurance, insuring liability for errors and omissions in the performance or failure to perform the services contemplated in this Agreement, in the amount not less than $2,000,000.00 per claim and in the annual aggregate.
Sample 1
Professional Errors & Omissions Insurance. Consultant shall secure Professional Liability insurance covering any and all claims arising out of the performance or nonperformance of professional services for the District under this Agreement. This professional liability insurance shall remain in force for the life of the Consultant’s obligations under this Agreement, and shall have a limit of liability of not less than $2,000,000 with a deductible of not more than $100,000. If any such policy is written on a claims made form, the retroactive date shall be prior to or coincident with the effective date of this Agreement. Claims made form coverage shall be maintained by the Consultant for a minimum of three years following the expiration or early termination of this contract and the Consultant shall annually provide the District with proof of renewal. Additional requirements
Sample 1
Professional Errors & Omissions Insurance. Professional liability or errors and omissions insurance with minimum limits of (3) ($ (3) ) each occurrence, claim, wrongful act or loss and an unimpaired aggregate limit of $ (3) ($ (3) ), with respect to the DP Contract Documents. The Retroactive Coverage Date (if the policy is written on a “claims made” form) shall be the same as the effective date of the DP Contract Documents. The policy shall cover professional misconduct or lack of ordinary skill for those positions defined in the scope of work of the DP Contract Documents. In the event that the professional liability or errors or omissions insurance is written on a “claims made” basis, coverage shall be maintained for two (2) years past completion and acceptance of the work or services as evidence by annual certificates of insurance delivered to Owner.
Sample 1
Professional Errors & Omissions Insurance. Contractor is required to maintain during the term of this Contract, and as otherwise required herein, Professional/Technology Errors & Omissions Insurance. • Such insurance shall apply to professional errors, acts, or omissions arising out of the scope of services covered by this Contract. • If coverage is written on a claims-made policy, the Contractor warrants that any applicable retroactive date precedes the start of work; and that the continuous coverage will be maintained, or an extended discovery period exercised, throughout the performance of the services and for a period of not less than one (1) year from the time work under this Contract is completed. Written proof of this extended reporting period or evidence of your ability to purchase at the completion of your work must be provided to OGS upon request. • The policy shall cover professional misconduct or lack of ordinary skill. • The policy shall provide coverage for damages arising from computer related services including but not limited to the following:
Sample 1

Related to Professional Errors & Omissions Insurance

  • Errors and Omissions Insurance Errors and Omissions Insurance to be maintained by the Servicer in accordance with Section 3.13.

  • Professional Liability (Errors and Omissions) Insurance Limits shall not be less than the following:

  • Errors and Omissions, Professional Liability or Malpractice Insurance Contractor may be required to carry errors and omissions, professional liability or malpractice insurance. All policies shall remain in force through the life of this Contract and shall be payable on a "per occurrence" basis unless County specifically consents to a "claims made" basis. The insurer shall supply County adequate proof of insurance and/or a certificate of insurance evidencing coverages and limits prior to commencement of work. Should any of the required insurance policies in this Contract be cancelled or non-renewed, it is the Contractor’s duty to notify the County immediately upon receipt of the notice of cancellation or non-renewal. If Contractor does not carry a required insurance coverage and/or does not meet the required limits, the coverage limits and deductibles shall be set forth on a waiver, Exhibit C, attached hereto. Failure to provide and maintain the insurance required by this Contract will constitute a material breach of this Contract. In addition to any other available remedies, County may suspend payment to the Contractor for any services provided during any time that insurance was not in effect and until such time as the Contractor provides adequate evidence that Contractor has obtained the required coverage.

  • Errors/Omissions The Engineer shall make revisions to the work authorized in this contract which are necessary to correct errors or omissions appearing therein, when required to do so by the State. No additional compensation shall be paid for this work.

  • Professional Liability (Errors & Omissions Insurance with limits of not less than $1,000,000 each occurrence, $2,000,000 aggregate. Such insurance will cover all professional services rendered by or on behalf of PROVIDER and its subcontractors under this Agreement. Renewal policies written on a claims- made basis will maintain the same retroactive date as in effect at the inception of this Agreement. If coverage is written on a claims-made basis, PROVIDER agrees to purchase an Extended Reporting Period Endorsement, effective for two (2) full years after the expiration or cancellation of the policy. No professional liability policy written on an occurrence form will include a sunset or similar clause that limits coverage unless such clause provides coverage for at least three (3) years after the expiration of cancellation of this Agreement.

  • PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS) Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the CONTRACTOR shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.

  • Errors and Omissions; Professional Liability Errors and Omissions or Professional Liability insurance, as may be required, covering damages arising out of negligent acts, errors, or omissions committed by Contractor in the performance of this Contract, with a liability limit of not less than $1,000,000 each claim. Contractor shall maintain this policy for a minimum of two

  • ERRORS AND OMISSIONS RELATED TO DATA 7.1.0 Board errors and retroactive adjustments shall be the responsibility of the Board.

  • Technology Errors and Omissions The Contractor shall maintain during the term of the Contract Technology Errors and Omissions Insurance for claims for damages arising from computer related services including, but not limited to, the following: consulting, data processing, programming, system integration, software development, installation, distribution or maintenance, systems analysis or design, training, staffing or other support services, any electronic equipment, computer software developed, manufactured, distributed, licensed, marketed or sold. If the policy is written on a claims made basis, Contractor must provide to OGS proof that the policy provides the option to purchase an Extended Reporting Period (“tail coverage”) providing coverage for no less than one (1) year after work is completed in the event that coverage is cancelled or not renewed. This requirement applies to both primary and excess liability policies, as applicable.

  • Professional Liability (Errors and Omissions) For consultant contracts, insurance appropriate to Consultant’s profession, with limit no less than $1,000,000 per occurrence or claim, $2,000,000 aggregate. If Contractor maintains broader coverage and/or higher limits than the minimums shown above, City requires and shall be entitled to the broader coverage and/or the higher limits maintained by Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to City.

Time is Money Join Law Insider Premium to draft better contracts faster.