Common use of Technology Professional Liability Errors and Omissions Insurance Clause in Contracts

Technology Professional Liability Errors and Omissions Insurance. The Company shall purchase and maintain, throughout the life of this Agreement, a Technology Professional Liability/Errors and Omissions insurance policy covering liability arising from or in connection with acts, errors, or omissions, in rendering or failure to render technology professional services or in connection with the Services, including technology-related design and consulting by the Company. The minimum limits of Technology Professional Liability/Errors and Omissions insurance covering all work of Company without any exclusions unless approved in writing by Authority will remain in force for a period of three years following termination of this Agreement. The minimum limits of coverage are: Each Claim $5,000,000 Annual Aggregate $5,000,000 Such Technology Professional Liability/Errors and Omissions coverage must be provided on an Occurrence Form or, if on a Claims Made Form, the retroactive date must be no later than the first date of this Agreement. If coverage is canceled or non-renewed, and not replaced with another claims- made policy form with a Retroactive Date prior to the Agreement Effective Date, the Company must purchase “extended reporting” coverage, which will provide coverage to respond to claims for a minimum of three years after completion of Services completed during the Term of this Agreement. The Technology Professional Liability/Errors and Omissions insurance coverage may be subject to a deductible or self-insured retention, which may not exceed $50,000 per claim. Cyber Liability insurance coverage may be included as part of the Technology Professional Liability/Errors and Omissions insurance coverage required above. However, if the required Cyber Liability insurance and Technology Professional Liability/Errors and Omissions insurance coverages are provided in the same policy, the minimum limits of coverage will be increased to: Each Claim $10,000,000 Annual Aggregate $10,000,000

Appears in 2 contracts

Samples: Hillsborough County Aviation Authority, Hillsborough County Aviation Authority

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Technology Professional Liability Errors and Omissions Insurance. The Company shall purchase and maintain, throughout the life Term of this Agreement, a Technology Professional Liability/Errors and Omissions insurance policy covering liability arising from or in connection with acts, errors, or omissions, in rendering or failure to render technology professional services or in connection with the Servicesspecific Services described in this Agreement, including technology-related design and consulting by the Company, its agents, representatives, or employees. The minimum limits of Technology Professional Liability/Errors and Omissions insurance covering all work of Company without any exclusions unless approved in writing by Authority will remain in force for a period of three years following termination of this Agreement. The minimum limits of coverage are: Each Claim $5,000,000 Annual Aggregate $5,000,000 Such Technology Professional Liability/Errors and Omissions coverage must be provided on an Occurrence Form or, if on a Claims Made Form, the retroactive date must be no later than the first date of this Agreement. If coverage is canceled or non-non- renewed, and not replaced with another claims- claims-made policy form with a Retroactive Date prior to the Agreement Effective Date, the Company must purchase “extended reporting” coverage, which will provide coverage to respond to claims for a minimum of three years after completion of Services completed during the Term of this Agreement. The Technology Professional Liability/Errors and Omissions insurance coverage may be subject to a deductible or self-insured retention, which may not exceed $50,000 25,000 per claim. The Cyber Liability insurance coverage may be included as part of the Technology Professional Liability/Errors and Omissions insurance coverage required above. However, if the required Cyber Liability insurance and Technology Professional Liability/Errors and Omissions insurance coverages are provided in the same policy, the minimum limits of coverage will be increased to: Each Claim $10,000,000 Annual Aggregate $10,000,000

Appears in 2 contracts

Samples: License Agreement, License Agreement

Technology Professional Liability Errors and Omissions Insurance. The Company shall purchase and maintain, throughout the life of this AgreementSupplemental Contract, a Technology Professional Liability/Errors and Omissions insurance policy covering liability arising from or in connection with acts, errors, or omissions, in rendering or failure to render technology professional services or in connection with the Servicesspecific Services described in this Supplemental Contract, including technology-related design and consulting by the Company, its agents, representatives, or employees. The minimum limits of Technology Professional Liability/Errors and Omissions insurance covering all work of Company without any exclusions unless approved in writing by Authority will remain in force for a period of three years following termination of this AgreementSupplemental Contract. The minimum limits of coverage are: Each Claim Occurrence $5,000,000 Annual Aggregate $5,000,000 Such Technology Professional Liability/Errors and Omissions coverage must be provided on an Occurrence Form or, if on a Claims Made Form, the retroactive date must be no later than the first date of this AgreementSupplemental Contract. If coverage is canceled or non-renewed, renewed and not replaced with another claims- claims-made policy form with a Retroactive Date prior to the Agreement Contract Effective Date, the Company must purchase “extended reporting” coverage, which will provide coverage to respond to claims for a minimum of three years after completion of Services completed during the Term of this AgreementSupplemental Contract. The Technology Professional Liability/Errors and Omissions insurance coverage may be subject to a deductible or self-insured retention, which may not exceed $50,000 100,000 per claim. Cyber Liability insurance coverage may be included as part of the Technology Professional Liability/Errors and Omissions insurance coverage required above. However, if the required Cyber Liability insurance and Technology Professional Liability/Errors and Omissions insurance coverages are provided in the same policy, the minimum limits of coverage will be increased to: Each Claim Occurrence $10,000,000 Annual Aggregate $10,000,000

Appears in 1 contract

Samples: Hillsborough County Aviation Authority

Technology Professional Liability Errors and Omissions Insurance. The Company Zetron shall purchase and maintain, throughout the life of this Agreement, a Technology Professional Liability/Errors and Omissions insurance policy covering liability arising from or in connection with acts, errors, or omissions, in rendering or failure to render technology professional services or in connection with the Servicesspecific services described in this Agreement, including technology-related design and consulting by the CompanyZetron, its agents, representatives, or employees. The minimum limits of Technology Professional Liability/Errors and Omissions insurance covering all work of Company Zetron without any exclusions unless approved in writing by Authority Customer will remain in force for a period of three years following termination of this AgreementContract. The minimum limits of coverage are: Each Claim $5,000,000 Annual Aggregate $5,000,000 Such Technology Professional Liability/Errors and Omissions coverage must be provided on an Occurrence Form or, if on a Claims Made Form, the retroactive date must be no later than the first date of this Agreement. If coverage is canceled or non-renewed, and not replaced with another claims- claims-made policy form with a Retroactive Date prior to the Agreement Effective Dateeffective date, the Company Zetron must purchase “extended reporting” coverage, which will provide coverage to respond to claims for a minimum of three years after completion of Services services completed during the Term term of this the Agreement. The Technology Professional Liability/Errors and Omissions insurance coverage may be subject to a deductible or self-insured retention, which may not exceed $50,000 100,000 per claim. Cyber Liability insurance coverage may be included as part of the Technology Professional Liability/Errors and Omissions insurance coverage required above. However, if the required Cyber Liability insurance and Technology Professional Liability/Errors and Omissions insurance coverages are provided in the same policy, the minimum limits of coverage will be increased to: Each Claim $10,000,000 Annual Aggregate $10,000,000

Appears in 1 contract

Samples: Product Service Agreement

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Technology Professional Liability Errors and Omissions Insurance. The Company shall purchase and maintain, throughout the life of this AgreementContract, a Technology Professional Liability/Errors and Omissions insurance policy covering liability arising from or in connection with acts, errors, or omissions, in rendering or failure to render technology professional services or in connection with the Servicesspecific services described in this Contract, including technology-related design and consulting by the Company, its agents, representatives, or employees. The minimum limits of Technology Professional Liability/Errors and Omissions insurance covering all work of Company without any exclusions unless approved in writing by Authority will remain in force for a period of three years following termination of this AgreementContract. The minimum limits of coverage are: Each Claim Occurrence $5,000,000 2,000,000 Annual Aggregate $5,000,000 2,000,000 Such Technology Professional Liability/Errors and Omissions coverage must be provided on an Occurrence Form or, if on a Claims Made Form, the retroactive date must be no later than the first date of this AgreementSupplemental Contract. If coverage is canceled or non-renewed, and not replaced with another claims- claims-made policy form with a Retroactive Date prior to the Agreement this Contract Effective Date, the Company must purchase “extended reporting” coverage, which will provide coverage to respond to claims for a minimum of three years after completion of Services completed during the Term of this AgreementContract. The Technology Professional Liability/Errors and Omissions insurance coverage may be subject to a deductible or self-insured retention, which may not exceed $50,000 100,000 per claim. Cyber Liability insurance coverage may be included as part of the Technology Professional Liability/Errors and Omissions insurance coverage required above. However, if the required Cyber Liability insurance and Technology Professional Liability/Errors and Omissions insurance coverages are provided in the same policy, the minimum limits of coverage will be increased to: Each Claim Occurrence $10,000,000 Annual Aggregate $10,000,000

Appears in 1 contract

Samples: Hillsborough County Aviation Authority

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