Sample insurance provision in contract
[ ] Automobile liability insurance for each vehicle used in the performance of this Agreement -- including owned, non-owned (for example, owned by Contractor's employees), leased, or hired vehicles -- in the minimum amount of $_____ combined single limit per occurrence for bodily injury and property damage. Agreement and any reports, drawings or other writings required under the services of this Agreement shall be and remain the sole property of the County at all times. The Consultant shall return or provide to the County such documents, etc. by the completion date and before full payment of the compensation herein. 10. Indemnification and Insurance. Contractor acknowledges that any breach or threatened breach of Clause 18 of this Agreement will result in irreparable harm to Client for which damages would be an inadequate remedy. Therefore, Client shall be entitled to equitable relief, including an injunction, in the event of such breach or threatened breach of Clause 18 of this Agreement. An insurance agreement is created between the two parties. One is the insurance firm, and the other is a person or a company. Here the insurer agrees to pay the policyholder for any damage to the insured property or item. Some major Insurances include life, medical, auto, property. Download PDF/Doc coverage from another insurance company. GBS Consulting Agreement Page 1 of8 (a) GBS Is Not a Fiduciary Under ERISA. To the extent that one or more of the Client's employee benefit plans are subject to the Employee Retirement Income Security Act, as amended (ERlSA) and in spite of any other provision of this Agreement to the contrary, the Sample Provision Effective Agreement on Other Benefits. The existence of this agreement shall not prohibit or restrict the executive's entitlement to full participation in the executive compensation, employee benefit and other plans or programs in which senior executives of the company are eligible to participate.
26 Mar 2015 Here's an example of an indemnity provision from one of the more provisions in residential construction contracts with a wrap-insurance
Disclaimer: The following clauses are examples of actual data protection provisions in the Agreement and the Exhibits thereto, Licensor agrees as follows: insurance must include affirmative contractual liability coverage for the data breach Indemnity is a contractual obligation of one party (indemnifier) to compensate the loss incurred Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds unless the risks are listed in the contract, while in New York a brief clause, "X shall defend and indemnify Y for all 6 Sep 2019 A hold harmless clause is a statement in a contract that absolves one or both parties to the agreement from liability for any injuries or damage. It is further specifically and expressly understood that the indemnification provided herein constitutes the Contractor's waiver of immunity under Industrial Insurance We have also identified potential issues and provided sample contract clauses: accordance with the provisions set out below [refer to termination provisions by Agreement that the Locum [lawyer] have valid professional liability insurance There is a clause called contract price in a fire insurance policy which has a condition underlying for goods which are sold but not yet delivered are damaged.
10 Apr 2017 All HIGH RISK construction projects (see chart below for examples), and;. 2. PROFESSIONAL SERVICES AGREEMENT (Includes but not limited to reimbursement provisions be specifically limited to the Named Insured.
7 Jan 2020 and provisions stated in this contract. For your specific coverage and selections see your Contract Agreement pages, which are incorporated
Insurance clauses in contracts are a vital part of any agreement. Most commercial contracts include certain provisions mandating that one party or the other carry some type of insurance. Such clauses may be included into commercial contracts if a party wishes to shift burden or liability to another party.
Sample Provision Effective Agreement on Other Benefits. The existence of this agreement shall not prohibit or restrict the executive's entitlement to full participation in the executive compensation, employee benefit and other plans or programs in which senior executives of the company are eligible to participate. Sample Independent Contractor Agreement This sample agreement should be reviewed and approved by your attorney prior to use 5.Insurance. During the term of this Agreement, Contractor shall maintain in force adequate commercial general liability, errors and omissions, professional liability (when applicable), workers’ compensation* and Insurance clauses in contracts - keeping the focus If insurance provisions in contracts are not clearly drafted the parties are at a high risk of failing to obtain adequate insurance. This For most contractors / vendors, Risk Management will generally require the contract/agreement reflect a minimum level of insurance limits on four types of insurance coverage: Commercial General Liability, Workers’ Compensation, Business Automobile Liability and Umbrella or Excess Liability.
In the sample right‐to‐audit clause below, the term “Contractor” is used to describe order files; backcharge logs and supporting documentation; insurance.
Example Indemnity Clause: “The Contractor indemnifies the Principal against all loss, damages, claims, liability, expenses, payments or outgoings incurred by or 1 Apr 2019 However, some contracts may make one party responsible to insure both parties to the contract – for example in a Joint Operating Agreement ( 12 Dec 2019 The limitation of liability clause not only protects you from unforeseen situations, but a limitation of liability clause in contracts before proceeding with relationships. For example, pool installation may cost $10,000, but unintentional fees and compensation and a notice of available insurance coverage.
11 Oct 2017 You probably are more familiar with insurance than indemnification. the the indemnification clause or the hold harmless agreement, which is very Let's take a look at an indemnification example by Smith Currie & Hancock:. A knock-for-knock clause is a reciprocal agreement to apportion liability for certain their scope will extend beyond the contracting parties to include, for example, insurance policies, by removing the need to consider (or pay for) insurance in.