Risk Management & Insurance Sample Clauses

Risk Management & Insurance. 7.1. The Service Provider is responsible for ensuring that all Space Activities provided under this Agreement within the Space programme have had completed for every activity, all appropriate health and safety risk assessments (the “Health and Safety Risk Assessments”) and that all appropriate insurance policies including public liability (and those insurances specified in A13 of the Particulars) are in place to ensure the safety and wellbeing of those participating.
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Risk Management & Insurance. The GLO shall provide and keep in force the following insurance against any and all claims for damages to persons or property, or for loss of life or property occurring on or upon the Premises with the GLO as the named insured and the College, endorsed as an additional insured:
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Risk Management & Insurance. 5.1 The Exhibit shall be insured by the City at its sole cost for an insurance value of one hundred thousand, two hundred fifty dollars ($100,250.00) under a fine arts policy. Should it be impossible for the Exhibit to be publicly displayed, this Agreement shall terminate immediately and the City shall be responsible for taking reasonable measures to preserve and store the Exhibit until the Commission can arrange for its removal from the City location. The City agrees that the Commission shall be listed as an additional insured on the policy purchased by the City pursuant to the terms of this section.
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Risk Management & Insurance. The Tenant shall be solely responsible for the conduct and supervision of all persons admitted to the School property for the purposes of its program(s) and shall be responsible that all such persons observe School procedures and regulations as well as CDSEO policies and procedures. The Tenant shall maintain liability and property damage insurance with a minimum coverage of $5 Million, and provide CDSBEO with written confirmation that CDSBEO has been added as “additional insured”. The Tenant shall provide proof of an all risk property policy covering their contents and equipment at replacement costs. The Tenant shall also carry insurance to provide coverage with respect to the risk of business interruption to an extent sufficient to allow the Tenant to meet its ongoing obligations to CDSBEO and to protect the Tenant against loss of revenues. The Tenant shall provide such further insurance coverage as required by CDSBEO from time to time. Prior to occupancy of the Leased Space by the Tenant, and upon request thereafter, the Tenant shall provide CDSBEO with evidence of insurance coverage in compliance with this Agreement. The Tenant accepts full liability for all damages arising out of injuries and/or losses sustained by it or by persons under its charge and control, including but not limited to, its staff, the children attending the program(s) and visitors to the program(s) and for all property and equipment damage directly or indirectly caused by it or by persons under its charge and control or loss or damage resulting from the Tenant’s use of the Leased Space. The Tenant shall indemnify and save harmless CDSBEO, its trustees, servants, agents, employees and their heirs, executors, administrators, successors and assigns, from and against all injury, damage, actions, causes of action, suits, claims and demands of whatsoever nature which may result or may be brought or made as a result of this Agreement, the use of the Leased Space, including by the Tenant, its guests, clients and invitees, or by reason of any negligence or act or default of the Tenant, its servants, agents, employees, students, invitees or licensees or on account of any damage to the property of CDSBEO or the Tenant or in connection with any loss, damage or injury in any manner based upon, arising out of or incidental to this Agreement or the exercise or purported exercise by the Tenant of the use of any CDSBEO facility or equipment, save and except if caused by the gross negligence of CDSB...
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Risk Management & Insurance 
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Related to Risk Management & Insurance

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • Travel Accident Insurance We agree to provide you with Travel Accident Insurance at no direct cost to you. You, your spouse and unmarried dependent children will be automatically insured against accidental bodily injuries or death while riding in any aircraft or land or water conveyance operated by a common carrier licensed to carry passengers for hire provided the full travel fare(s) has been charged to your Account. Death benefits will be paid to the estate of the insured; all other benefits will be paid to the insured. This insurance is subject to cancellation without prior notice. You understand and agree that the Certificate of Insurance controls all insurance terms and conditions to the exclusion of any statements made in this Agreement regarding limitations, exclusions, and claims procedures.

  • Accident Insurance It is highly recommended that either the Sending Institution or the Receiving Organisation/Enterprise provide insurance coverage to the trainee, and fill in the information in Table B or C accordingly. The trainee must be covered at least by an accident insurance (damages caused to the trainee at the workplace) and by a liability insurance (damages caused by the trainee at the workplace).

  • Reinsurance The Contractor shall purchase reinsurance from a commercial reinsurer and shall establish reinsurance agreements meeting the requirements listed below. The Contractor shall submit new policies, renewals or amendments to OMPP for review and approval at least one hundred and twenty (120) calendar days before becoming effective.  Agreements and Coverage  The attachment point shall be equal to or less than $200,000 and shall apply to all services, unless otherwise approved by OMPP. The Contractor electing to establish commercial reinsurance agreements with an attachment point greater than $200,000 must provide a justification in its proposal or submit justification to OMPP in writing at least one hundred and twenty (120) calendar days prior to the policy renewal date or date of the proposed change. The Contractor must receive approval from OMPP before changing the attachment point.  The Contractor’s co-insurance responsibilities above the attachment point shall be no greater than twenty percent (20%).  Reinsurance agreements shall transfer risk from the Contractor to the reinsurer.  The reinsurer's payment to the Contractor shall depend on and vary directly with the amount and timing of claims settled under the reinsured contract. Contractual features that delay timely reimbursement are not acceptable.  The Contractor shall maintain a plan acceptable to the IDOI commissioner for continuation of benefits in the event of receivership. The Contractor must finance the greater of $1,000,000 or total projected costs as calculated by the form set forth in 760 IAC 1-70-8.  The Contractor shall obtain continuation of coverage insurance (insolvency insurance) to continue plan benefits for members until the end of the period for which premiums have been paid. This coverage shall extend to members in acute care hospitals or nursing facility settings when the Contractor’s insolvency occurs during the member’s inpatient stay. The Contractor shall continue to reimburse for its member’s care under those circumstances (i.e., inpatient stays) until the member is discharged from the acute care setting or nursing facility.  Requirements for Reinsurance Companies  The Contractor shall submit documentation that the reinsurer follows the National Association of Insurance Commissioners' (NAIC) Reinsurance Accounting Standards.  The Contractor shall be required to obtain reinsurance from insurance organizations that have Standard and Poor's claims- paying ability ratings of "AA" or higher and a Xxxxx’x bond rating of “A1” or higher, unless otherwise approved by OMPP.  Subcontractors  Subcontractors’ reinsurance coverage requirements must be clearly defined in the reinsurance agreement.  Subcontractors should be encouraged to obtain their own stop-loss coverage with the above-mentioned terms.  If subcontractors do not obtain reinsurance on their own, the Contractor is required to forward appropriate recoveries from stop- loss coverage to applicable subcontractors.

  • Unemployment Insurance Unemployment Insurance coverage will be provided during the life of this Agreement for regular and auxiliary employees who would, if employed by a private employer, be eligible for such coverage under the provisions of the Unemployment Insurance Act.

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