Required Insurance Coverage means, collectively, the Required Builder’s Risk Insurance Coverage, the Required Business Interruption Insurance Coverage, the Required Flood Insurance Coverage (if any), the Required Property Insurance Coverage and the Required Public Liability Insurance Coverage, each of which, in addition to the requirements described in their respective definitions, (i) must provide for 10 days’ notice to the Investor in the event of cancellation or nonrenewal and (ii) must name as an additional insured (mortgagee/loss payee) the Investor.
Required Insurance Coverage means the insurance coverage required pursuant to Article 9 (Insurance) of this Master Agreement and under any other Loan Document.
Required Insurance Coverage. (check all that apply): ☐ 1. Commercial General Liability Insurance: Bodily Injury and Property Damage Per Occurrence $1,000,000 General Aggregate $2,000,000 ☐ 2. Product Liability and/or Completed Operations Insurance: Bodily Injury and Property Damage Per Occurrence $1,000,000 General Aggregate $2,000,000 ☐ 3. Automotive Liability: Bodily Injury and Property Damage: Combined Single Limit (each accident) $1,000,000 ☐ 4. Workers’ Compensation/Employer’s Liability: W.C. Limit Required* Statutory Limits E.L. Each Accident $500,000 E.L. Disease – Each Employee $500,000 E.L. Disease – Policy Limit $500,000 ☐ 5. Professional Liability Insurance (Errors and Omissions): For services, goods or projects that will exceed $1,000,000 in values over a year. Each Claim $1,000,000 Annual Aggregate $2,000,000 ☐ 6. Cyber Liability and Data Storage: Each Claim $1,000,000 Annual Aggregate $1,000,000 10. No Waiver of Sovereign Immunity. Nothing herein is intended to serve as a waiver of sovereign immunity by any agency or political subdivision to which sovereign immunity may be applicable.
Examples of Required Insurance Coverage in a sentence
Required Insurance Coverage is hereby replaced in its entirety as follows: As a condition of this Contract with DIR, Vendor shall provide certificates of insurance, or other proof of insurance, reflecting the maintenance of the listed insurance coverage within 5 days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers.
Design-Builder’s Required Insurance Coverage The Design-Builder shall purchase and maintain the following types and limits of insurance from an insurance company or insurance companies lawfully authorized to issue insurance in the jurisdiction where the Project is located.
Required Insurance Coverage, is hereby replaced in its entirety: As a condition of this Contract with DIR, Vendor shall provide the listed insurance coverage within 5 days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers.
Required Insurance Coverage, is hereby replaced in its entirety with the following: If and when the Vendor performs services that require Vendor’s employees to perform work at any Customer premise and/or use employee vehicles, then this section would apply.
These terms shall comply with DIR Contract DIR-TSO-3044, Appendix A, Standard Terms and Conditions For Services Contracts, Section 10.N, Required Insurance Coverage.
More Definitions of Required Insurance Coverage
Required Insurance Coverage means the policies of insurance and coverage required to be maintained by DS Holdings and the Subsidiaries pursuant to the provisions of the Transaction Documents, together with the additional policies of insurance and coverage described on Schedule V.
Required Insurance Coverage. (1) commercial general liability, including bodily injury and property damage, contractual liability, personal injury and advertising liability, and including a waiver of subrogation with respect to the Indemnified Parties, in amounts no less than $[*] per occurrence/$[*] aggregate, (2) product liability, including bodily injury and property damage, in amounts no less than $[*] per occurrence/$[*] aggregate, (3) automobile liability, in amounts no less than $[*] Combined Single Limit, Bodily Injury and Property Damage and (4) workers’ compensation, in compliance with the laws of the state or province where the services and/or products are to be provided, covering employees, volunteers, temporary workers and leased workers and including Employers’ Liability with minimum limits of $[*] Each Accident; $[*] Disease - Each Employee; $[*] Disease - Policy Limit. Upon execution of this License Agreement, LICENSEE shall submit to NHLE a fully paid policy or certificate of insurance from a New York admitted carrier with a Best’s rating of no less than AXI evidencing the Required Insurance Coverage. LICENSEE shall name each of the Indemnified Parties as additional insured parties with respect to all of the Required Insurance Coverage except workers’ compensation. The additional insured coverage must extend to include products liability coverage and such Claims otherwise arising out of this License Agreement, no matter when such Claims may be asserted. All liability policies shall provide cross liability coverage (separation of insureds and severability of interest provisions) and shall not include any exclusion for suits brought by the additional insureds against the Named Insured. General conditions applying to all policies are (x) no policy shall include a self-insured retention (y) no policy shall include a deductible in excess of $[*] and (z) Licensee shall remain solely liable for the satisfaction of any deductibles. The insurer shall not terminate or materially modify such policies without written notice to NHLE at least thirty (30) days in advance thereof. If the insurer does so, NHLE will have the option to pay the premiums necessary to maintain or continue such insurance in effect, in which case NHLE shall be entitled to reimbursement from LICENSEE for the cost of such premiums. THE REQUIRED INSURANCE COVERAGE SHALL BE PRIMARY TO ALL OTHER VALID AND COLLECTIBLE INSURANCE HELD BY THE ADDITIONAL INSURED PARTIES. THE PARTIES AGREE THAT THE PRIMARY INSURANCE RE...
Required Insurance Coverage. (1) commercial general liability,including bodily injury and propertydamage,contractualliability,personalinjury and advertising liability, and including a waiver of subrogation with respect to the Indemnified Parties, in amounts no less than $5,000,000 per occurrence/$5,000,000 aggregate,
Required Insurance Coverage means, collectively, such policies of insurance in such amounts set forth on Exhibit J.
Required Insurance Coverage means, collectively, the Required Property Insurance Coverage and the Required Public Liability Insurance Coverage, each of which, in addition to the requirements described in their respective definitions, (i) must provide for 10 days’ notice to the Investor in the event of cancellation or nonrenewal and (ii) must name as an additional insured (mortgagee/loss payee) the Investor.
Required Insurance Coverage. Insured shall obtain insurance of the types and in the amounts described below. (**)
Required Insurance Coverage of a party pursuant to Section 17 above: comprehensive public liability insurance with liability coverage of at least One Million and No/100 Dollars ($1,000,000.00) per occurrence for bodily injury and property damage, automobile liability coverage including owned and hired vehicles with a combined single limit of not less than One Million and No/100 Dollars ($1,000,000.00) per occurrence for bodily injury and property damage, and an excess umbrella liability policy of bodily injury and property damage in the amount of Five Million and No/100 Dollars ($5,000,000.00), insuring Seller as an additional insured.