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Contract analysis / exhibit-f-insurance-requirements.docx
exhibit-f-insurance-requirements.docx
1022-00008 · 10 clauses
High · 3 Medium · 2 Standard · 2
1. General Insurance Obligations High
⚑ Indemnity / guarantee obligation
1. General Insurance Obligations 1.1 Service Provider shall obtain and maintain, at its sole cost and expense, throughout the Term of the Agreement (including any renewal periods, extensions, or option periods exercised by Customer) and for a period of not less than three (3) years following the expiration or earlier termination of the Agreement (regardless of the reason for such termination), the insurance coverages
2. Required Coverages High
⚑ Penalty / liquidated damages
2. Required Coverages Service Provider shall procure and maintain the following insurance coverages with limits not less than those specified below. Where a coverage type may be provided through a combination of primary and excess or umbrella policies, the combined limits shall equal or exceed the minimums stated herein. 2.1 Cyber Liability Insurance 2.1.1 Service Provider shall maintain a comprehensive cyber liabili
3. Policy Requirements Medium
⚑ Liability cap to check against exposure
3. Policy Requirements 3.1 Additional Insured 3.1.1 Customer and its parent company, Northgate Telecommunications PLC, together with their respective affiliates, subsidiaries, officers, directors, employees, and agents, shall be named as additional insureds on each of the following policies maintained by Service Provider: (a) Commercial general liability insurance (Section 2.3); (b) Umbrella/excess liability insuranc
4. Certificates of Insurance
4. Certificates of Insurance 4.1 Initial Delivery 4.1.1 Service Provider shall deliver to Customer certificates of insurance evidencing all insurance coverages required under this Exhibit F no later than five (5) business days following the execution of the Agreement (i.e., no later than June 16, 2023). Service Provider shall not commence performance of any services under the Agreement until compliant certificates of
5. Notice of Cancellation, Non-Renewal, or Material Change Medium
⚑ Notice / time limit to track
5. Notice of Cancellation, Non-Renewal, or Material Change 5.1 Service Provider shall require its insurers to provide not less than thirty (30) days' prior written notice to Customer of any cancellation, non-renewal, or material reduction in coverage of any insurance policy required under this Exhibit F. In the case of cancellation for non-payment of premium, Service Provider shall require its insurers to provide not
6. No Limitation on Liability High
⚑ Indemnity / guarantee obligation
6. No Limitation on Liability 6.1 The insurance requirements set forth in this Exhibit F shall not be construed as, and shall not operate as: (a) Limiting Service Provider's indemnification obligations under Article XII (Indemnification) of the Agreement, including without limitation Service Provider's aggregate indemnification cap of two hundred percent (200%) of aggregate fees paid during the trailing twelve (12) m
7. Subcontractor Insurance
7. Subcontractor Insurance 7.1 Service Provider shall require all subcontractors, sub-processors, and independent contractors performing services under the Agreement (or any portion thereof) to maintain insurance coverages consistent with the requirements of this Exhibit F, with limits appropriate to the scope and nature of the subcontracted services. In no event shall the limits maintained by any subcontractor be le
8. Right to Review Standard
⚑ Commercial term
8. Right to Review 8.1 Customer shall have the right, upon reasonable prior written notice to Service Provider (which notice shall not be required to exceed ten (10) business days), to review complete copies of all insurance policies (including all endorsements, exclusions, riders, and amendments) required under this Exhibit F. Certificates of insurance, while required to be delivered as set forth in Section 4, shall
9. Current Carrier Information
9. Current Carrier Information 9.1 As of the Effective Date (June 9, 2023), Service Provider represents that its insurance coverages required under this Exhibit F are maintained through the following carriers: 9.2 Service Provider shall not change its insurance carrier for any required coverage without providing Customer at least thirty (30) days' prior written notice. Any replacement carrier must satisfy the rating
10. Remedies for Non-Compliance Standard
⚑ Commercial term
10. Remedies for Non-Compliance 10.1 If Service Provider fails to obtain, maintain, or provide evidence of any insurance coverage required under this Exhibit F, Customer may, in addition to and without waiver of any other remedies available under the Agreement or at law or in equity, exercise any one or more of the following remedies: (a) Procurement of Insurance. Customer may procure such insurance on Service Provid