Common use of Specific Insurance Requirements Clause in Contracts

Specific Insurance Requirements. The insurance required by this Article 21 (Insurance) shall be written for not less than any limits of liability specified in this Contract, or required by Law, whichever is greater. Before commencement of the Work and until the last Final Payment made hereunder (except that product liability coverage shall continue in force until two years after the date of the last Final Payment made hereunder), Contractor shall procure, deposit, and maintain for Owner's benefit, insurance satisfactory to Owner, as set forth in this Article 21.2 (Specific Insurance Requirements). (a) Worker's Compensation as required by the Worker's Compensation Laws of the states in which the Work is performed and Employer's Liability Insurance in an amount not less than $100,000/$500,000/$500,000. (b) Commercial General Liability Insurance covering Bodily Injury, Personal Injury and Property Damage,