Required Insurance Coverages Clause Samples

Required Insurance Coverages. Contractor shall, at its sole cost and expense, maintain in full force and effect during the Term the following insurance coverage from a California licensed insurer with an A minus (A-), VII, or better rating from A.M. Best, sufficient to cover any claims, damages, liabilities, costs and expenses (including counsel fees) arising out of or in connection with Contractor’s fulfillment of any of its obligations under this Agreement or either party’s use of the Services or Deliverables or any component or part thereof: (a) Except as set forth in subsection (e) below, Commercial Form General Liability Insurance, including both bodily injury and property damage, with limits as follows: (i) $1,000,000 per occurrence;‌ (ii) $ 100,000 fire damage;‌ (iii) $ 5,000 medical expenses; (iv) $1,000,000 personal & advertising injury; (v) $2,000,000 general aggregate;‌‌ (vi) $2,000,000 products/completed operations aggregate; (b) Business Auto Liability Insurance for owned scheduled, non-owned or hired automobiles with a combined single limit of no less than $1 million per occurrence. (c) Workers’ Compensation and Employers Liability Insurance in a form and amount covering Contractor’s full liability under the California Workers’ Compensation Insurance and Safety Act and in accordance with applicable state and federal laws, as follows: (i) Part A – Statutory Limits (ii) Part B - $1,000,000/$1,000,000/$1,000,000 Employers Liability (d) Except as set forth in subsection (e) below, Errors & Omissions (Professional Liability) coverage, when applicable, with limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. For cyber insurance, the coverage is $1,000,000 per occurrence and $2,000,000 aggregate. For Sexual Abuse and Molestation insurance, the coverage is $1,000,000 per occurrence and $2,000,000 aggregate. (e) If the Contractor Service Area is or includes Database Administration, Document Management, Network Project Management, Software Applications, Software Support, or Program and Project Management, for any Work Order in any of the foregoing service areas that exceeds or is reasonably expected to exceed $500,000 in Charges, Contractor’s Commercial Form General Liability Insurance limits will be $2,000,000 per occurrence under Section 17.2(a)(i) above and‌ $5,000,000 general aggregate under Section 17.2(a)(v) above, and provided, further, that if the Contractor Service Area is or includes Program and Project Management, then for any Work Order in such service area ...

Required Insurance Coverages. Each party acknowledges without waiving its right of sovereign immunity as provided by Section 768.28, Florida Statutes, that each party is self-insured for general liability under state law with coverage limits of $200,000 per person and $300,000 per occurrence, or such monetary waiver limits that may change and be set forth by the legislature.

Required Insurance Coverages. The Design-Builder also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Design-Builder has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50‑21‑37. The minimum required coverages and liability limits are as follows:

Required Insurance Coverages. The CM/GC also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the CM/GC has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

Required Insurance Coverages. The required insurance coverages for this particular project are as follows.

Required Insurance Coverages. Each party acknowledges without waiving its right of sovereign immunity as provided by Section 768.28 Florida Statutes, that each party is self-insured for general liability under Florida Statutes with coverage limits of $200,000 per person and $300,000 per occurrence, or such monetary waiver limits that may change and be set forth by the legislature. 2.08.1 Each party shall keep in effect during the full term of the Agreement, self-insurance under a Risk Management Program in accordance with Section 768.28 Florida Statutes, for General and Automobile Liability. 2.08.2 Worker’s Compensation Insurance with Florida statutory benefits in accordance with Chapter 440, Florida Statutes, including Employer’s Liability limits not less than $100,000/$100,000/$500,000 (each accident/disease-each employee/disease-policy limit). 2.08.3 Fire Legal Liability damage to Rented Premises with limits of $500,000 per occurrence/aggregate as a condition for the reduced limit of insurance. The City is not permitted to utilize stoves, ovens, microwave ovens, hotplates or any devices which have the potential to cause a fire on SBBC Property. SBBC grants permission for the City’s vendor to utilize catering warmers during the summer program. The City’s vendor will be required to name “The School Board of Broward County, Florida, its officers, employees and agents” as additional insured with respect to liability on behalf of the vendor. The general liability policy will be primary of all other valid and collectible coverage maintained by the School Board of Broward County, Florida. 2.08.4 Self-insurance and/or insurance requirements shall not relieve or limit the liability of either party, except to the extent provided by Section 768.28, Florida Statutes. The Parties reserve the right to require other insurance coverage that both parties deem mutually necessary depending upon the risk of loss and exposure to liability, subject to each party’s Commission or Board approval, if necessary. 2.08.5 Violations of the terms of this section and its subparts shall constitute a material breach of the Agreement and the non-breaching party may, at its sole discretion, cancel the Agreement and all rights, title and interest shall thereupon cease and terminate. 2.08.6 Required conditions; self-insurance and/or liability policies must contain the following provisions. In addition, the following wording in section 2.08.6.1 below must be included in the Certificate of Insurance’s description of opera...

Required Insurance Coverages. State Street will, throughout the Agreement Term maintain in full force and effect from a third party that is rated at least “A-” in Best’s Insurance Guide, or is otherwise acceptable to a BTC Recipient under a particular Service Module, at a minimum the types and amounts of insurance coverage identified below for its operations worldwide. For the avoidance of doubt, any policy amounts or limitations will not in any event be construed as limitations on State Street’s liability under any Service Module. (a) Commercial general liability insuring against bodily injury, property damage, contractors’ completed operations and contractual liability (covering State Street’s indemnification obligations contained herein) with a combined single limit of not less than U.S. $10,000,000 per claim. (b) Professional liability and errors and omissions insurance in an amount not less than U.S. $25,000,000 per claim. (c) Umbrella coverage (including commercial general liability coverage) of not less than U.S. $100,000,000 over the coverages shown above.

Required Insurance Coverages. Prior to execution of this Agreement, Provider shall obtain insurance coverage as set forth more fully in Exhibit 5.

Required Insurance Coverages. Provider shall obtain from an insurance company or companies having a Best’s Financial Performance Rating (“FPR”) of A- and a minimum Financial Size Category (“FSC”) of VIII or higher (if FPR is A/A-, then FSC must be IX or higher) and maintain in force during the Term, and for three (3) years subsequent thereto the following insurance coverages in a least the amounts indicated: