Common use of Workers’ Compensation Policy Clause in Contracts

Workers’ Compensation Policy. A workers’ compensation insurance policy and any and all other statutory forms of insurance now or hereafter prescribed by Applicable Law, providing statutory coverage under the laws of the State of Texas for all Persons employed by Owner in connection with the Complex Site and employers liability insurance policy (collectively, the “Owner’s Workers’ Compensation Policy”) affording protection of not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by accident (each accident), not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by disease (each employee) and not less than One Million and No/100 Dollars ($1,000,000.00) bodily injury by disease (policy limit) and with each deductible not exceeding Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per loss, unless such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Owner shall be entitled to maintain the deductible that is available on commercially reasonable terms.

Workers’ Compensation Policy. A workers’ compensation insurance policy and any and all other statutory forms of insurance now or hereafter prescribed by Applicable Law, providing statutory coverage (with statutory limits) under the laws of the State of Texas for all Persons employed by Owner Tenant in connection with the Complex Site Leased Premises, and employers liability insurance policy (collectively, the “OwnerTenant’s WorkersW orkers’ Compensation Policy”) affording protection of not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by accident (each accident), not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by disease (each employee) and not less than One Million and No/100 Dollars ($1,000,000.00) bodily injury by disease (policy limit) and with each deductible not exceeding Two One Hundred Fifty Thousand and No/100 Dollars ($250,000.00100,000.00) per loss, unless such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Owner Tenant shall be entitled to maintain the deductible that is available on commercially reasonable terms.

Workers’ Compensation Policy. A workers’ compensation insurance policy and any and all other statutory forms of insurance now or hereafter prescribed by Applicable LawLaws, providing statutory coverage under the laws of the State of Texas for all Persons employed by Owner Tenant in connection with the Complex Site Leased Premises and employers liability insurance policy (collectively, the “OwnerTenant’s Workers’ Compensation Policy”) affording protection of not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by accident (each accident), not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by disease (each employee) and not less than One Million and No/100 Dollars ($1,000,000.00) bodily injury by disease (policy limit) and with each deductible not exceeding Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per loss, unless such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Owner Tenant shall be entitled to maintain the deductible that is available on commercially reasonable terms. The policy shall also include a Waiver of Subrogation endorsement in favor of the Landlord.

Workers’ Compensation Policy. A workers’ compensation insurance policy and any and all other statutory forms of insurance now or hereafter prescribed by Applicable Law, providing statutory coverage (with statutory limits) under the laws of the State of Texas for all Persons employed by Owner Tenant in connection with the Complex Site Leased Premises, and employers liability insurance policy (collectively, the “OwnerTenant’s Workers’ Compensation Policy”) affording protection of not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by accident (each accident), not less than One Million and No/100 Dollars ($1,000,000.00) for bodily injury by disease (each employee) and not less than One Million and No/100 Dollars ($1,000,000.00) bodily injury by disease (policy limit) and with each deductible not exceeding Two One Hundred Fifty Thousand and No/100 Dollars ($250,000.00100,000.00) per loss, unless such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Owner Tenant shall be entitled to maintain the deductible that is available on commercially reasonable terms.