Statutory Coverages Clause Samples
The Statutory Coverages clause defines the requirement for a party, typically an employer or contractor, to maintain insurance or other protections as mandated by law. This clause ensures that all legally required coverages, such as workers’ compensation, unemployment insurance, or disability benefits, are in place for employees or subcontractors involved in the contract. By specifying adherence to statutory insurance obligations, the clause helps prevent legal violations and protects both parties from liability arising from non-compliance with government regulations.
Statutory Coverages. At all times during the Term, Funding Recipient shall carry and maintain Statutory Workers’ Compensation Insurance and New York State Disability Benefits Insurance in statutorily required amounts covering Funding Recipient with respect to all persons employed by Funding Recipient and all of Funding Recipient’s contractors and subcontractors in connection with the operations of Funding Recipient conducted at, or in connection with, any portion of the Premises, or by Funding Recipient or others in connection with construction thereon.
Statutory Coverages