| 전문직업배상책임/CGL |
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| insurance requirements 중요내용 |
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보험가입신청을 누르고 해당 정보를 입력하시면 보험가입 청약서를 보내드립니다. 궁금하신 점은 상담직원에게 문의하시면 자세히 안내받을 수 있습니다. |
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This Agreement constitutes the entire agreement between the Vendor and the Contractor and supersedes all prior contracts, agreements, arrangements, representations or understandings of the parties in respect of matters dealt with by the Agreement. The Vendor and the Contractor each binds itself and its partners, successors and assigns to the other party to this Agreement and to the partners, successors and assigns of the other party, in respect to all rights and obligations of this Agreement. All the documents that comprise this Agreement are mutually explanatory. In the event of any ambiguity, discrepancy or inconsistency in or between the documents the Contractor shall advise the Vendor in writing of the interpretation to be followed by the Vendor in performing the Services pursuant to this Agreement.
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9.11. The indemnities provided for in this Article 9 shall include, without limitation all penalties, fines, awards and judgments, court and arbitration costs, legal counsel’s fees; and other reasonable expenses associated with such claims, demands and causes of action.
Any entity or individual covered by an indemnity shall have the right at its own expense to participate in its own defense with legal counsel of its own selection.
9.12. The Vendor must effect and maintain, with an insurance carrier approved by the Contractor and in a form approved by the Contractor, the following non-cancellable policies unless otherwise required by the Company:
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a) Professional Indemnity Insurance
for not less than the amount otherwise specified in this Vendor Agreement, or if no amount is specified, at least USD$5,000,000, in respect of each claim.
b) Worker’s Compensation and Employer’s Liability
for all of Vendor’s employees engaged in performing the Services, worker’s compensation and employer’s liability insurance for a limit of liability of no less than the amount otherwise specified in this Vendor Agreement, or if no amount is specified, at least USD$5,000,000, per occurrence.
c) Automobile Liability Insurance
covering owned, used, leased, rented, hired or operated automotive equipment by the Vendor or its employees and agents for or in connection with the provision of the Services with policy limits at least USD$5,000,000 coverage for injury, death or property damage resulting from each accident.
The Contractor Indemnities and Company Group must be named as additional insured and the policy shall be primary as to all other policies.
d) Comprehensive General Liability
The greater of Vendor’s normal and customary comprehensive general liability insurance coverage and policy limits or at least USD $5,000,000 providing coverage for injury, death, or property damage resulting from each occurrence.
e) Other. Any other insurance required by Law.
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9.13. All insurance policies described in Article 9.12(a) to (e) shall provide coverage for claims arising where Services are performed.
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9.14. Vendor’s insurance policies described in Article 9.12(c) and (d) shall: (i), name Contractor Indemnities and Company Group as additional insured, and (ii) be primary as to all other polices that may provide coverage. It is further expressly agreed that Vendor and its insurers, in respect of the policies described in Article 9.12(c) and (d) shall, waive all rights of subrogation and / or contribution against Contractor Indemnities and Company Group. |
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9.15. Vendor shall have its insurance carrier(s) furnish to Contractor insurance certificates specifying the types and amounts of coverage in effect, the expiration dates of each policy, and a statement that no insurance will be cancelled or materially changed while the Services are in progress without thirty (30) calendar days’ prior written notice to Contractor. If requested by Contractor, Vendor shall permit Contractor to examine the insurance policies or at Contractor’s option, Vendor shall furnish Contractor with copies, certified by the carriers, of insurance policies carried in compliance with the requirements of this Agreement.
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