Common use of Public liability cover Clause in Contracts

Public liability cover. The Public Liability Cover: (1) must be occurrence-based: that is to say, it must provide indemnity upon claims made after the policy has expired where the events generating the claims occur while the policy is current; (2) must provide indemnity of not less than $25,000,000.00 per individual occurrence; and (3) must include the Vendor as a third-party beneficiary, for the Vendor’s rights and interests as Land owner.