Professional Liability Insurance (Errors and Omissions). Subcontractor shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this Subcontract. The policy shall provide limits of $1,000,000 per occurrence for each wrongful act and $2,000,000 annual aggregate.
Professional Liability Insurance (Errors and Omissions). 16.3.1 If Sub Contractor’s work includes design and/or design assist services, Sub Contractor shall purchase and maintain, at its sole cost and expense. Such Professional Liability Insurance shall be maintained during the term of the contract and for a period of ten (10) years after completion of such services. Professional Liability insurance for all such professional services shall have the following minimum limits of liability:
Professional Liability Insurance (Errors and Omissions). For services, goods, or projects that will exceed $1,000,000 in value over a year. Each Claim - $1,000,000 Annual Aggregate - $2,000,000 For services, goods, or projects that will not exceed $1,000,000 in value over a year. Each Claim - $ 250,000 Annual Aggregate - $ 500,000 Professional Liability coverage must be maintained for a two-year period following completion of the Services in this Agreement.
Professional Liability Insurance (Errors and Omissions). Professional Liability insurance with limit no less than $2,000,000 per occurrence or claim, and $2,000,000 aggregate.
Professional Liability Insurance (Errors and Omissions). Professional Liability Insurance (Errors and Omissions) with a limit of liability of not less than $1,000,000 per occurrence; and
Professional Liability Insurance (Errors and Omissions). Covering the Contractor's performance under this Agreement. The policy shall provide limits of at least $1,000,000 per claim or per occurrence and $1,000,000 annual aggregate. If the policy is written on a "claims made" form, the Contractor shall continue such coverage, either through policy renewals or the purchase of an extended discovery period, if such extended coverage is available, for not less than three (3) years from the date of completion of the Work which is the subject of this Agreement. The retroactive date or "prior acts inclusion date" of any such "claims made" policy must be no later than the date that activities commence pursuant to this Agreement.
Professional Liability Insurance (Errors and Omissions). (if applicable to services contemplated) Policies insuring against liability for errors and omissions covering the professional activities contemplated under this Agreement in an amount of not less than One Million Dollars ($1,000,000) each claim The foregoing insurance policies shall be on a primary and on a non-contributory basis to any other insurance which may be carried by Company, including completed operations. With the exception of Workers’ Compensation, Professional and Cyber Liability, the above-required policies shall name indemnitees as additional insured with a specific policy endorsement as follows: Canon U.S.A., Inc. and any and all of their respective parents, partners, subsidiaries, members, affiliates, officers, directors, trustees, employees, agents, successors, assigns and representatives, are named as additional insured, as their interests may appear The foregoing requirement for additional insured status may be met through the use of blanket endorsements when specified contract or agreement states as required by written contract Canon U.S.A., Inc. shall be an additional insured to the full limits of liability purchased by Supplier even if those limits of liability are in excess of those required by this Agreement. Coverage provided by Supplier shall not be limited to the liability assumed under the indemnification provisions of this Agreement. Supplier shall be responsible for any deductibles, retentions and self-insured retentions on the above required policies Each of Supplier and insurance company agrees to waive its rights of subrogation against the Canon Indemnified Parties. The policies shall contain a provision providing Company at least thirty (30) days’ prior written notice of any change or cancellation or non-renewal of such insurance, and ten (10) days’ prior written notice in the event of cancellation of Non Payment of Premium. If any insurance company refuses or is unable to provide the required notice, Supplier or its insurance broker shall notify Company of any cancellation, suspension, or non-renewal of any insurance within seven (7) days of receipt of insurers’ notification to that effect. Supplier shall provide evidence of replacement insurance coverage prior to the effective date of cancellation, non-renewal or change as described.
Professional Liability Insurance (Errors and Omissions). With a minimum single limit of $1,000,000 to cover claims arising out of Contractor's professional services hereunder. This policy shall be maintained for a minimum of one (1) year after XXXX's acceptance of Contractor's work.
Professional Liability Insurance (Errors and Omissions). All Subcontractors with design responsibility shall provide the following additional coverage: A Professional Liability Policy (Errors and Omissions) with Limited Contractual Liability Coverage in favor of Contractor and Owner and a deductible no greater than $50,000 per claim and a Waiver of Subrogation in favor of Contractor and the Owner. Any SIR must be clearly identified as such on the Certificate of Insurance and is subject to Contractor’s approval. This insurance shall be maintained for not less than the duration of the project and five (5) years following completion of construction. Retroactive date of such policy must be on or before the date Subcontractor began offering professional services. Limit of liability shall be not less than $1,000,000 Per Claim. Contractor has the right to increase this requirement for any high risk design work.
Professional Liability Insurance (Errors and Omissions). In the event Contractor employs or contracts with licensed professional staff in providing the Services, professional liability (errors and omissions) insurance with limits of not less than one million dollars ($1,000,000) per claim, with an annual aggregate of at least three million dollars ($3,000,000) and with a deductible not to exceed fifty thousand dollars ($50,000). A deductible greater than $50,000 will be accepted upon FCERA receiving information satisfactory to FCERA of Contractor’s ability to pay such a deductible. Contractor and any of its subcontractors shall make full disclosure, in writing, to FCERA of all pending and open claims and disputes during the course of this Agreement that affect the specified aggregate limits of the Professional Liability Insurance policy.
