The ESCO’s Insurance Sample Clauses

The ESCO’s Insurance. Unless otherwise approved by the School District’s Office of Risk Management in writing, prior to commencing Work under the Contract, the ESCO shall, at its sole cost and expense, procure and maintain in full force and effect, covering the performance of the Work required under the Contract, the types and minimum limits of insurance specified below. All insurance shall be procured from reputable insurers who are financially responsible and authorized to do business on an admitted basis in the Commonwealth of Pennsylvania or otherwise acceptable to the School District Office of Risk Management. All insurance must be afforded by an insurance carrier with at least an A- (Excellent) rating from a reputable agency (e.g., A.M. Best). All insurance required herein, except the Professional Liability Insurance, shall be written on an “occurrence” basis and not a “claims-made” basis. IN NO EVENT SHALL SERVICES BE PERFORMED UNTIL THE REQUIRED EVIDENCE OF INSURANCE HAS BEEN FURNISHED. The insurance shall provide for at least thirty (30) calendar days’ prior written notice to be given to the School District in the event coverage is materially changed, cancelled, or non-renewed. The ESCO shall advise the School District immediately upon receiving any notice of cancellation or nonrenewal of the required insurance. The School District of Philadelphia, its commission members, board directors, officers, employees and agents, shall be named as Additional Insureds on the General Liability Insurance and the Automobile Liability Insurance policies and the policies shall be so endorsed. An endorsement is required stating that the coverage afforded the School District and its commission members, board directors, officers, employees and agents, as Additional Insureds, will be primary to any other coverage available to them, and that no act or omission of the School District shall invalidate the coverage. The ESCO will use its best efforts to obtain an endorsement from its insurance carrier that reflects that no act or omission of the School District shall invalidate the coverage. The ESCO shall notify the School District within thirty (30) days as to the status of its efforts. If this endorsement is denied, said denial must be on the letterhead of the ESCO’s insurance carrier and not its broker. The ESCO shall require its Subcontractors under this Contract to maintain the required levels of insurance.
Sample 1
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Related to The ESCO’s Insurance

  • Developer’s Insurance Developer shall comply with the insurance requirements as indicated in the Facilities Lease.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

  • Contractor Insurance 2.1 The awarded Vendor shall furnish the Owners with a Certificate of Insurance XXXXX and associated endorsements in the kinds and minimum amounts as detailed in the attached "Insurance Requirements for all Contracts" at time of award.

  • Cyber Insurance The Contractor shall maintain network risk and cyber liability coverage (including coverage for unauthorized access, failure of security, breach of privacy perils, as well at notification costs and regulatory defense) in an amount of not less than $1,000,000. Such insurance shall be maintained in force at all times during the term of the Contract and for a period of two years thereafter for services completed during the term of the Contract.

  • Renter’s Insurance (check one) ☐ Tenant is required to obtain, and maintain at all times during the Term, a renter’s insurance policy with a minimum of $100,000.00 personal liability coverage. Tenant will name Landlord as an interested party or additional insured. Tenant will provide Landlord with a certificate or proof of insurance upon request. ☐ Tenant is NOT required to obtain a renter’s insurance policy.

  • Owner’s Insurance Owner will be responsible for purchasing and maintaining Owner’s liability insurance and other reasonably appropriate insurance.

  • Tenant’s Insurance Tenant shall maintain the following coverages in the following amounts.

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.

  • Subcontractors’ Insurance If part of the Agreement is to be sublet, Consultant shall either:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

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