Business Automobile Liability Insurance definition

Business Automobile Liability Insurance. Coverage f or all owned, non-owned and hired vehicles with a minimum combined single limit of $500,000 per occurrence for bodily injury and property damage. Alternate acceptable limits are $250,000 bodily injury per person, $500,000 bodily injury per occurrence and at least $100,000 property damage liability per accident.
Sample 1
Business Automobile Liability Insurance including owned, non-owned and hired in accordance with the laws of the State of Michigan, which includes coverage for residual liability for bodily injury and property damage with a combined single limit of not less than One Million Dollars ($1,000,000) for each occurrence. Bodily Injury & Property Damage combined, for each occurrence. Workers’ Compensation Insurance, as required by the State of Michigan or the state in which a particular employee is employed or participation in any self-insured workers’ disability compensation program approved by the State of Michigan or the state in which a particular employee is employed; and Employers Liability Insurance with all limits in the amounts not less than Five Hundred Thousand Dollars ($500,000.). Medical Professional Liability with a $1,000,000 per claim limit and not less than a $3,000,000 aggregate. Claims made coverage must remain in force at least one year post contract period. The foregoing notwithstanding, the Contractor agrees as a material provision of this Agreement that if from time to time the Contractor actually maintains limits or insurance coverage amounts greater than those specified above, then the actual limits and coverage amounts so maintained by the Contractor shall be substituted for the limits and amounts above and shall be deemed to be, and shall constitute, for all contractual and other legal purposes, the limits and amounts required by this Agreement. If the Contractor does not own or use a business automobile in the performance of this Agreement but uses a personal owned, non-owned or hired automobile, including livery service, during the performance of this Agreement, then personal vehicle insurance may be substituted for the business automobile liability insurance required above, provided the Airport Authority approves such substitution in writing. Additionally, all Contractor personnel or subcontractor personnel driving personal automobiles and not in the performance of this Agreement while on Airport Authority premises must comply with the Michigan No Fault Law by providing residual liability insurance. Limits of liability for bodily injury and property damage shall be Five Hundred Thousand Dollars ($300,000) per occurrence. All insurance policies must be issued by recognized, responsible insurers licensed or approved by the Insurance Bureau of the State of Michigan and shall have a financial rating no lower than A-VII as rated by AM BEST, or an equivalent rating by an acceptab...
Sample 1
Business Automobile Liability Insurance. Section of Paragraph 9.03, to read as follows: Business automobile liability insurance, covering all motor vehicles, including owned, leased, non-owned, and hired vehicles, used in providing services under this Agreement, with a combined single limit for Bodily Injury and Property Damage of not less than $1,000,000 per occurrence.
Sample 1

Examples of Business Automobile Liability Insurance in a sentence

  • Business Automobile Liability Insurance must cover all owned, non-owned and hired vehicles with a minimum combined single limit of $500,000 per occurrence for bodily injury and property damage.

  • If, however, during the term of the Contract, the Contractor acquires, leases or hires any automobiles that will be used in connection with performance under the Contract, the Contractor must obtain Business Automobile Liability Insurance that meets all of the requirements of this section and provide proof of such coverage to OGS in accordance with the insurance requirements of the Contract.

  • In the event that the Contractor does not own, lease or hire any automobiles used in connection with performance under the Contract, the Contractor does not need to obtain Business Automobile Liability Insurance, but must attest to the fact that the Contractor does not own, lease or hire any automobiles used in connection with performance under the Contract on a form provided by OGS.

  • Additional Requirements for Commercial Business Automobile Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • If, however, during the term of the Contract, the Contractor acquires or leases any automobiles that will be used in connection with performance under the Contract, the Contractor must obtain Business Automobile Liability Insurance that meets all of the requirements of this section and provide proof of such coverage to OGS in accordance with the insurance requirements of the Contract.

  • The Contractor shall provide Commercial Business Automobile Liability Insurance that shall include coverage for bodily injury and property damage arising from the operation of any owned, non-owned, or hired automobile.

  • The Commercial Business Automobile Liability Insurance Policy shall provide not less than $1,000,000 Combined Single Limits for each occurrence.

  • Business Automobile Liability Insurance and Excess Public Liability Insurance policies, if written on a Claims First Made Basis, shall be maintained in full force and effect for two (2) years after termination of this LGIA, which coverage may be in the form of tail coverage or extended reporting period coverage if agreed by the Parties.

  • The Commercial Business Automobile Liability Insurance Policy shall provide not less than $1,000,000 Combined Single Limits for each accident.

  • The Contractor commits to obtain the required Business Automobile Liability Insurance when it acquires, leases or hires a vehicle or vehicles that will be used to fulfill the contractual requirements in accordance with the terms of the attestation.


More Definitions of Business Automobile Liability Insurance

Business Automobile Liability Insurance. Business Automobile Liability Insurance including coverage for owned, hired, and non-owned vehicles in the amount of $1,000,000 per occurrence for bodily injury and property damage. (c) Workers' Compensation and Employees' Liability Insurance:
Sample 1

Related to Business Automobile Liability Insurance

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Property Insurance is defined in Section 6.10(a).

  • general insurance business means any class of insurance business other than long-term insurance business;

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Guaranteed automobile protection insurance means insurance offered in

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Blanket insurance policy means a group policy covering a defined class of

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Casualty insurance means liability insurance.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Automobile Related Injury means bodily Injury sustained by a [Member] as a result of an accident:

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.