Common use of Vendor Insurance Requirements Generally Clause in Contracts

Vendor Insurance Requirements Generally. Vendor shall maintain insurance in the types and limits as required below at its own expense. In no event shall Vendor maintain insurance in an amount less than that required by Law or by this MSA. Vendor shall produce evidence of such insurance upon request by USAC in the form of XXXXX certificates of insurance. Receipt of insurance certificates furnished by Vendor shall not release Vendor of full responsibility for all liability under this MSA, including as set forth in the indemnification provisions of this MSA. If this coverage is provided on a claims-made basis, then it must be maintained for a period of not less than three (3) years after acceptance of the Services provided in connection with this MSA. The insurance companies indicated in the certificates shall have an AM Best rating of A or better and a surplus rating of 7.