Common use of Type of Insurance Limit Amount Clause in Contracts

Type of Insurance Limit Amount. General Liability (including contractual liability) written on an occurrence basis General Aggregate Products – Comp/Op Aggregate Personal injury Each Occurrence $15 million $15 million $15 million $5 million Excess Liability, umbrella form Each Occurrence Aggregate $5 million $15 million Technology Errors and Omissions Insurance Each Occurrence Aggregate $5 million $15 million Workers Compensation and Employer Liability As Required by Iowa law $2 million Cyber Liability / Network Security Each Occurrence Aggregate $15 million $15 million Claims Provision. All insurance policies required by this Exhibit, with the exception of the policy for Errors and Omissions Insurance, must provide coverage on an “occurrence basis” for all claims arising from activities occurring during the term of the policy regardless of the date the claim is filed or expiration of the policy. The policy for Errors and Omissions Insurance will provide coverage on a “claims made” basis, provided however, that such policy includes extended reporting period or tail coverage acceptable to the State of Iowa.