Special Provisions Concerning Policies Placed by Banks Sample Clauses

Special Provisions Concerning Policies Placed by Banks. The General and Business Automobile Liability policies shall include Farmland and its Affiliates as additional insured for liabilities arising out of the performance under this Agreement and shall be primary to any other insurance of Farmland, provided however, insurance provided by Banks shall not cover the negligent acts or omissions of any of the additional insureds. The worker’s compensation and employee’s liability insurance shall include a waiver executed by the carrier, waiving any right of subrogation the carrier might have against Farmland or its Affiliates or adding Farmland under an alternate employer endorsement. Such insurance shall specifically provide that it applies separately to each insured against which claim is made or suit is brought, except with respect to the limits of the insurer’s liability. Prior to commencement of any Work, Banks shall furnish Farmland with Certificates of Insurance, which document that all coverages and endorsements required by this Article have been obtained. Renewal certificates shall be obtained by Banks as and when necessary and copies thereof shall be forwarded to Farmland as soon as same are available and in any event prior to the expiration of the policy so renewed. These certificates shall provide that the insurer shall give thirty (30) days written notice to Farmland prior to change or cancellation of any policy. In no event shall Farmland’s acceptance of an insurance certificate that does not comply with this paragraph constitute a waiver of any requirement of this Article.
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Related to Special Provisions Concerning Policies Placed by Banks

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