Required Insurances. The Contractor must hold and keep current, at the Contractor’s own cost, with a level of coverage specified by the Company, the following insurances: workers’ compensation insurance; professional indemnity insurance in respect of the Contractor, the Representative(s) and any other employees, subcontractors and agents of the Contractor who are connected with the provision of the Services under this Agreement, with cover up to the amount specified in Schedule J; public liability insurance in respect of the Contractor, the Representative(s) and any other employees, subcontractors and agents of the Contractor who are connected with the provision of the Services under this Agreement, with cover up to the amount specified in Schedule K; and any other insurances required by law or regarded as sound commercial practice. The Contractor must, on request, provide satisfactory evidence to the Company of the existence and currency of the insurance policies referred to in this clause. Such evidence includes, but is not limited to, a certificate of currency. If the Contractor fails to provide such evidence, the Company may withhold payment of the Contract Fee until the evidence is provided. The Contractor and the Representative(s) jointly and severally indemnify the Company and keep the Company indemnified against any loss, cost, expense or damage suffered or incurred by the Company arising directly or indirectly from or related to the provision of the Services, including (but not limited to): any breach or non-observance by the Contractor or the Representative(s) of any provision of this Agreement or warranty given under this Agreement; any breach of any law or statute by the Contractor or the Representative(s); and any right or claim by any third party.
Required Insurances. The Supplier shall effect and maintain policies of insurance to provide a level of cover sufficient for all risks which may be incurred by the Supplier under this Agreement, including death or personal injury, or loss of or damage to property.
Required Insurances. The Supplier shall hold the following insurance cover from the Framework Start Date in accordance with this Schedule:
Required Insurances. (a) The Borrower hereby undertakes that, at the Borrower’s own cost, it shall on the Effective Delivery Date obtain and at all times thereafter maintain the following Insurances in respect of the Vessel each with Approved Insurers and placed through Approved Insurance Brokers:
(i) hull and machinery insurance and increased value or disbursements insurance;
(ii) war and usual dispossession risks (including war protection and indemnity risks and terrorism risks up to the amount insured under Hull War, and including LPO n°444 or other applicable equivalent);
(iii) protection and indemnity risks (including pollution liability risks) for the full tonnage of the Vessel in a protection and indemnity association or club member of the ‘International Group of P&I Clubs’; and
(iv) all other insurances which are required by Applicable Law and international market practice for the operation of the Vessel.
(b) The Borrower undertakes to effect the Insurances referred to in paragraph (a) above:
(i) in Dollars;
(ii) in the case of the Insurances referred to in paragraphs (a)(i) and (ii) above, on an agreed value basis in an amount which shall not be less than the Required Insured Value and with a deductible no greater than one million Dollars (USD 1,000,000) per claim;
(iii) in the case of the Insurances referred to in paragraph (a)(iii) above, in an amount equal to the maximum limit of cover generally available including all customary contractual liability extensions in respect of the Borrower’s contractual exposures and generally taken out by reputable international shipowners from protection and indemnity associations that are members of the ‘International Group of P&I Clubs’ including (A) for pollution liability risks, the maximum limit of cover for which is currently one billion Dollars (USD 1,000,000,000), and (B) for other liability risks (save and except for passenger claims from cruise ships) the maximum limit of cover for which is currently approximately five billion Dollars (USD 5,000,000,000);
(iv) with an Approved Insurance Broker and with Approved Insurer(s) provided however that the war and dispossession risks and protection and indemnity risks insurances may be effected with first class war risks and protection and indemnity risks associations or clubs that are member of the ‘International Group of P&I Clubs’;
(v) with the Borrower named as assured in its capacity as charterer of the Vessel and the Security Agent named as sole loss payee in the case of a T...
Required Insurances. (a) Your Organisation must hold and keep current, at Your Organisation’s own cost, with a level of coverage (amount) and duration of coverage specified by Care Assess, the following insurances:
(i) Workers’ compensation insurance as required by State or Territory legislation (see Workers Rehabilitation & Compensation Xxx 0000,
Required Insurances. 55.1 The Contractor shall, prior to the carrying out of any building or demolition work on a Site, take out and maintain or procure the maintenance of the insurances described in Part 1 of Schedule 10 (Required Insurances) and any other insurances as may be required by law. These insurances must be effective in each case not later than the date on which the relevant risk commences.
55.2 The Contractor shall during the Services Period take out and maintain or procure the maintenance of the insurances described in Part 2 of Schedule 10 (Required Insurances) and any other insurances as may be required by law.
55.3 No party to this Contract shall take any action or fail to take any reasonable action, or (insofar as it is reasonably within its power) permit anything to occur in relation to it, which would entitle any insurer to refuse to pay any claim under any insurance policy in which that party is an insured, a co–insured or additional insured person.
55.4 With the exception of the insurances required by law, the insurances referred to in Clauses 55.1 and 55.2 shall: 55.4.1 subject to Clause 55.4.5 below, name the Contractor as co–insured with any other party maintaining the insurance;
Required Insurances. Each Party must hold the following insurances with a reputable insurer approved by the Supplier (in its sole discretion):
(a) product and public liability insurance up to a maximum of $20,000,000.00 for any one event; and
(b) workers’ compensation insurance in the State or Territory in which the Services are performed.
Required Insurances. In addition to the Insurances referred to in Clause 23.1 (Required Insurances), as of the Effective Delivery Date, the Borrower shall upon the request of the Security Agent, or the Security Agent shall be entitled (in each case at the Borrowers’ cost) to, subscribe to any mortgagee interest insurance (MII) and/or mortgagee additional perils (pollution) insurance (MAP) which the Security Agent may from time to time effect in respect of the Vessel in an amount of no less than the Required Insured Value.
Required Insurances. The Supplier shall hold the following standard insurance cover from the Framework Start Date in accordance with this Schedule: Lot No. & Description Insurance and Level of Cover Required Professional Indemnity Public Liability Employers Liability Product Liability Data Protection Liability Cap
Required Insurances insurances required by Law for the relevant activity;
