Common use of Vendor Insurance Clause in Contracts

Vendor Insurance. Vendor shall purchase and maintain malpractice and liability insurance of not less than one million dollars ($1,000,000) per occurrence and three million dollars ($3,000,000) per year in the aggregate to insure against acts done by Vendor within the course and scope of the performance of its duties under this Agreement. MMC shall be an additional named insured on all such policies. Vendor shall notify MMC in the event that Vendor becomes aware of an adverse change in (i) the amount of insurance coverage or (ii) any policy terms, or in the event of cancellation of the policy.

Vendor Insurance. Vendor shall purchase and maintain malpractice and liability insurance of not less than one million dollars ($1,000,000) per occurrence and three million dollars ($3,000,000) per year in the aggregate to insure against acts done by Vendor within the course and scope of the performance of its duties under this Agreement. MMC shall be an additional named insured on all such policies. Vendor shall notify MMC in the event that Vendor becomes aware of an any adverse change in (i) the amount of insurance coverage or (ii) any policy terms, or in the event of cancellation of the policysuch policies.