PROFESSIONAL LIABILITY INSURANCE POLICY (. “PL”). This policy shall cover damages, liabilities, and costs incurred as a result of the ENGINEER’s professional errors and omissions or malpractice. This policy shall include a coverage limit of at least Two-Million Dollars ($2,000,000) per claim, including the annual aggregate for all claims (such coverage shall apply during the performance of the services under this Agreement and for two (2) years thereafter with respect to incidents which occur during the performance of this Agreement). The ENGINEER shall notify the County if any annual aggregate is eroded by more than seventy-five percent (75%) in any given year.
PROFESSIONAL LIABILITY INSURANCE POLICY (. (“PL”) (OPTIONAL)
PROFESSIONAL LIABILITY INSURANCE POLICY (. Prior to the Closing, Buyer shall obtain a professional liability insurance policy providing for "tail" coverage (the "Professional Liability Insurance Policy"), and Buyer hereby agrees to pay the costs and expenses of such Professional Liability Insurance Policy.
PROFESSIONAL LIABILITY INSURANCE POLICY (. During the Term, the Company will reimburse Executive for the reasonable cost of the premium payments made by Executive to maintain his existing professional liability insurance policy in the amount of $25,000 and the cost for Executive to maintain his medical license (including annual continuing medical education requirements), subject to Executive providing documentation of such payments to the Company.
PROFESSIONAL LIABILITY INSURANCE POLICY (. “PL”). This policy shall cover damages, liabilities, and costs incurred as a result of the ENGINEER’s professional errors and omissions or malpractice. This policy shall include a coverage limit of at least One-Million Dollars ($1,000,000) per claim, including the annual aggregate for all claims (such coverage shall apply during the performance of the services under this Agreement and for two (2) years thereafter with respect to incidents which occur during the performance of this Agreement). The ENGINEER shall notify the DISTRICT if any annual aggregate is eroded by more than seventy-five percent (75%) in any given year.
PROFESSIONAL LIABILITY INSURANCE POLICY (. The Company, KAS, Kuraya and IBRD-Rostrum shall, and shall cause the Subsidiaries to, execute all certificates reasonably required by the Buyers and take all other actions reasonably necessary, to enable Buyers' to obtain the Professional Liability Insurance Policy.
PROFESSIONAL LIABILITY INSURANCE POLICY (. Buyer shall have obtained, at Buyer's expense, and delivered to Seller, an occurrence professional liability insurance policy (the "Professional Liability Insurance Policy") covering the Company and the Subsidiaries for events or occurrences of the business of the Company and the Subsidiaries for the five (5) year period prior to the Closing Date; provided, however, the Sellers shall have no right to terminate this Agreement or otherwise obtain the benefits of this Agreement, at law or in equity on account of the failure to this provision to have been satisfied unless the Sellers have delivered the certificates required under Section 5.11. The Professional Liability Insurance Policy shall name KAS and Kuraya as additional insureds. The Professional Liability Insurance Policy shall be maintained for a period of not less than three years from the Closing Date, with a deductible of not more than One Hundred Thousand Dollars ($100,000).
PROFESSIONAL LIABILITY INSURANCE POLICY (. Buyer shall have obtained, at Buyers' expense, the Professional Liability Insurance Policy covering the Company and its Subsidiaries for events or occurrences of the business of the Company and its Subsidiaries for the five (5) year period prior to the Closing Date. The Professional Liability Insurance Policy shall name the Buyers, KAS and Kuraya as additional insureds and the Buyers shall have provided Kuraya and KAS with a certificate evidencing such insurance. Notwithstanding anything to the contrary contained herein except as provided in Section 10.3(f) below, the existence of any such insurance shall not be deemed to affect any indemnification obligations or limitation of Liability provided for in this Agreement. The Company, KAS, IBRD-Rostrum and Kuraya shall have executed and delivered the certificates reasonably requested by the Buyers, and taken such other action reasonably required by the Buyers' insurance carrier.
PROFESSIONAL LIABILITY INSURANCE POLICY ( to cover the contractor's legal liability results from any act or omission of the contractor' and/or anyone acting on its behalf and/or in its name in the course and/or in consequence or and/or in connection with its activity and/or anyone on its behalf pursuant to the contract, with a limit of liability of not less than $ 5,000,000 per event and for the period of insurance. The insurance has been extended to cover HPC and IPC and those acting on its behalf, to the extent this is permissible under the Contractor’s existing Professional Liability Insurance as an additional insured in respect of their liability for acts and/or omissions of the contractor' and or the Contractors Sub-Contractors, subject to a cross-liability clause. The cover shall apply retroactively commencing from the date on which the Contractor provides the services and/or performance of the works, and will exist for a period of the Works and the Extended Maintenance period of 24 months.
a. The above policies have priority over any insurance maintained by HPC and or IPC and or by owner/lessors.
b. We waive our rights to make any claim or demand for contribution towards you and towards your insurers, with respect to any occurrence covered by the above policies.
c. We waive our right to subrogation against you and/or owner/lessors and/or anyone acting on your behalf and/or against any person or body which a reasonable assured would not have sued for compensation as well as any person or body to whom the assured or any customer has an affiliation or whom the assured or HPC has undertaken to indemnify or any other person connected with the assured by express or implied working agreement.
d. The above mentioned policies may not be narrowed and/or restricted and or cancelled unless we give you a prior written notice thereof at least 60 days in advance.
e. The policies shall be subject to worldwide territorial limits and jurisdiction.
f. We agree to submit to the exclusive jurisdiction of the courts in the State of Israel in case of claims arising out of personal injury or death.
g. We are aware that the Contractor alone is liable for payment of the insurance premiums and deductibles.
h. Name of Insured extend to include HPC and or IPC, in connection with the execution of the Construction Work. This Certificate is subject to the conditions of the original policies and the exceptions thereof to the extent they have not been expressly varied by the foregoing. Yours faithfully, Insurance Company
PROFESSIONAL LIABILITY INSURANCE POLICY (. “PL”)
1. Use and Disclosure of Protected Health Information (PHI).
