Common use of Professional Liability or Errors and Omissions Insurance Clause in Contracts

Professional Liability or Errors and Omissions Insurance. (a) Consultant shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover its Services, the limits of which shall not be less than $10,000,000 per claim/$10,000,000 aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (b) Subconsultants shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover the Services, the limits of which shall not be less than $2,000,000 per claim and in the aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (c) Consultant and Subconsultants are required to provide evidence to Owner that the policy(ies) has no impairment on the aggregate limits before any services are performed. Consultant and Subconsultants shall bear all costs to maintain the policies. (d) Consultant and Subconsultants are required to provide evidence a copy of the claims reporting requirements to Owner for review.

Professional Liability or Errors and Omissions Insurance. (a) Consultant shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover its Servicesservices, the limits of which shall not be less than $10,000,000 5,000,000 per claim/$10,000,000 aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000250,000. Such insurance shall include prior acts coverage sufficient to cover the Services services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (b) Subconsultants shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover the Servicesservices, the limits of which shall not be less than $2,000,000 1,000,000 per claim and in the aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (c) Consultant and Subconsultants are required to provide evidence to Owner that the policy(ies) has no impairment on the aggregate limits before any services are performed. Consultant and Subconsultants shall bear all costs to maintain the policies. (d) Consultant and Subconsultants are required to provide evidence a copy of the claims reporting requirements to Owner for review. (e) The definition of professional services in Consultant and Subconsultants professional liability insurance policies shall be broad enough to cover all of the Services being performed by Consultant in the Scope of Work set forth in Exhibit B or any contractual scope of work applicable to any Subconsultant.

Professional Liability or Errors and Omissions Insurance. (a) Consultant shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover its Servicesservices, the limits of which shall not be less than $10,000,000 2,000,000 per claim/$10,000,000 claim/$2,000,000 aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (b) Subconsultants shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover the Services, the limits of which shall not be less than $2,000,000 1,000,000 per claim and in the aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (c) Consultant and Subconsultants are required to provide evidence to Owner that the policy(ies) has no impairment on the aggregate limits before any services are performed. Consultant and Subconsultants shall bear all costs to maintain the policies. (d) Consultant and Subconsultants are required to provide evidence a copy of the claims reporting requirements to Owner for review.

Professional Liability or Errors and Omissions Insurance. (a) Consultant shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover its Servicesservices, the limits of which shall not be less than $10,000,000 2,000,000 per claim/$10,000,000 claim/$2,000,000 aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (b) Subconsultants shall carry Professional Liability or Errors and Omissions coverage, including prior acts coverage sufficient to cover the Servicesservices, the limits of which shall not be less than $2,000,000 1,000,000 per claim and in the aggregate, or its standard limit carried, whichever is higher, with a deductible or self-insured retention amount not greater than $50,000. Such insurance shall include prior acts coverage sufficient to cover the Services and Contractual Liability to cover liability assumed under the Agreement, to the extent insurable under such Professional Liability Insurance. The insurance shall be maintained during the term of the Agreement and for a period of ten (10) years after completion of the Services with the limits set forth in this paragraph at no additional cost to Owner. The policy shall contain no exclusion for attached, residential or condominium projects. (c) Consultant and Subconsultants are required to provide evidence to Owner that the policy(ies) has no impairment on the aggregate limits before any services are performed. Consultant and Subconsultants shall bear all costs to maintain the policies. (d) Consultant and Subconsultants are required to provide evidence a copy of the claims reporting requirements to Owner for review.