Common use of Professional Indemnity Insurance Clause in Contracts

Professional Indemnity Insurance. The Contractor shall secure and maintain professional indemnity insurance that shall cover Professional Liability and Error and Omissions in the face amount of $5,000,000. The Contractor shall secure and maintain liability coverage in minimum limits of $2,000,000 (with umbrella) on all automobiles used in performing the services under the Contract. Before providing services to the Customer, any subcontractor of the Contractor shall provide insurance as follows: General Liability - $2,500,000; Workers’ Compensation – statutorily required amount; and Automobile Liability (with umbrella) - $2,000,000. The Contractor’s major subcontractors shall provide the following additional insurance: Errors and Omissions -- $2,500,000. At the request of the Department, the Contractor shall provide all relevant certificates and endorsements as proof of such insurance or proof of its ability to self-insure, including renewal or replacement evidence of insurance at least 30 days prior to the expiration or termination of any insurance.