Sample Unit Alteration Indemnification And Insurance Requirement Wording to be added to a contract.
(Remember to always consult a lawyer before using and signing any contract)
The wording in the contract with a contractor has a major impact on how the contractor's insurance company will respond in the event of a claim. Click here to learn what you should be looking for as respect insurance and indemnification language in a contract.
Using the “Certificate Of Insurance” provided by your contractor click in the table below on the “General Liability Each Occurrence” plus the total “Umbrella/Excess Each Occurrence” limit the contractor has.
Each Occurrence means the liability limit for each claim.
General Aggregate limit means the liability limit for the entire project overall.
For this purpose of this contract review, we want to focus on the “each occurrence limit” and NOT the general aggregate limit.