Provisions Applicable to all Coverages. (a) After the execution of this Agreement and prior to the commencement of any Work, each Party shall have on file with the other party (and in the case of Owner, Owner's Supplier Relations Department) the applicable insurance certificate(s). Such certificate(s) shall provide that thirty (30) Days written notice be given to the other Party prior to any material change or cancellation of the insurance. Other than the OCIP or CCIP, as applicable, the Builder’s Risk Insurance and Owner’s Operating Property coverages, each Party shall name the other Party, its subsidiaries and their successors and assigns, as additional insured (except for Worker's Compensation and Professional Liability and Pollution Liability coverage) for their vicarious liability arising out of such Party’s negligent operations or such Party shall be covered under the omnibus provisions thereof. For the OCIP or CCIP, as applicable, and Owner’s Operating Property coverage, each Party and Contractor Interests shall be named as an additional insured thereon, at no cost to Contractor. All policies shall be written to include a waiver of subrogation in favor of the other Party and its Affiliates and Contractor Interests during the performance of the Work and thereafter. Owner’s policies for Builder's Risk Insurance and other coverages obtained pursuant to the OCIP shall be subject to the Contractor’s review and approval, which shall not be unreasonably withheld. Contractor's policies procured under this Agreement shall be subject to Owner’s review, in the event of a claim seeking damages from Contractor and/or Owner in excess of one million dollars ($1,000,000).
(b) All such insurance shall be with sound insurance companies which have an AM Best Rating of A- VII as the minimum and authorized to do business in the state where the Work is to be performed. None of the liability policies shall have any "other insurance" clause or language which would jeopardize the primacy of Contractor’s insurance with respect to Owner’s self-insured retention or excess insurance. The above Contractor requirements may be met by both Consortium Members providing separate certificates. Any such limits of coverages may be met in one or more layers of coverage.
(c) Neither a failure of a Party to provide the required certificate of insurance nor such Party's submission of a certificate of insurance not in conformance with the insurance requirements stated herein shall relieve such Party from the obligation to have in ...
Provisions Applicable to all Coverages. (a) All insurance required to be provided by Seller hereunder shall be placed with insurers having an A.M. Best and Company rating level of A- or better, Class VII or better and authorized to do business in the territory where the Work is to be performed.
(b) Maintenance of insurance shall not limit Seller’s liability for loss or damage in excess of policy limits or outside of policy coverage.
(c) Prior to the Effective Date, Seller shall furnish Westinghouse one or more certificates of insurance for all insurance policies required to be provided under the Purchase Agreement. The certificates shall list all required endorsements as set forth in Section 12.3 below. Such certificates shall provide that the insurer on each policy shall endeavor to give 30 Days’ written notice to Westinghouse prior to any material change or cancellation of the insurance. Seller shall deliver to Westinghouse a further certificate(s) of insurance for each subsequent renewal where coverage is required to be maintained within 5 Days of the renewal date. Each certificate furnished pursuant to this Section 12.2(c) shall state that it is being furnished in compliance with the requirements of the Purchase Agreement and shall identify the Purchase Order by the number assigned to it by Westinghouse.
(d) Neither a failure of Seller to provide the required certificate of insurance nor Seller’s submission of a certificate of insurance not in conformance with the insurance requirements stated in this Article 12 relieves Seller from the obligation to have in force the required insurance coverages and endorsements to the policies as set forth below.
(e) No policy should have an excess or deductible which exceeds USD 250,000 (or equivalent) without prior discussion and agreement with Westinghouse. Seller is responsible for any excess or deductibles associated with its policies of insurance.
(f) Any limits of coverage may be met by one or more policies.
Provisions Applicable to all Coverages. (a) All insurance required to be provided by Seller hereunder shall be placed with insurers having an A.M. Best and Company rating level of A- or better, Class VII or better and authorized to do business in the territory where the Work is to be performed.
(b) Maintenance of insurance shall not limit Seller’s liability for loss or damage in excess of policy limits or outside of policy coverage.
