Provision Language
19. INDEMNIFICATION
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19.2 Insurance. LICENSEE, at its sole cost and expense, will insure its activities in connection with any work performed hereunder and will obtain, keep in force, and maintain the following insurance:
(a) Commercial Form General Liability Insurance (contractual liability included) with limits as follows:
Each Occurrence …………………………………………$5,000,000
Products/Completed Operations Aggregate….$10,000,000
Personal and Advertising Injury …………………. $5,000,000
General Aggregate …………………………………….$10,000,000
If the above insurance is written on a claims-made form, it will continue for three (3) years following termination or expiration of this AGREEMENT. The insurance must have a retroactive date of placement prior to or coinciding with the Effective Date of this AGREEMENT; and
(b) Worker’s Compensation as legally required in the jurisdiction in which LICENSEE is doing business.
19.3 Certificates. The coverage and limits referred to in Subparagraphs 19.2(a) and 19.2(b) above will not in any way limit the liability of LICENSEE under this Article. Upon the execution of this AGREEMENT, LICENSEE will furnish REGENTS with certificates of insurance evidencing compliance with all requirements. Such certificates will:
(a) provide for thirty (30) days’ (ten (10) days for non-payment of premium) advance written notice to REGENTS of any cancellation of insurance coverages; LICENSEE will promptly notify REGENTS of any material modification of the insurance coverages;
(b) indicate that REGENTS has been endorsed as an additional insured under the coverage described above in Paragraph 19.2; and
(c) include a provision that the coverage will be primary and will not participate with, nor will be excess over, any valid and collectable insurance or program of self-insurance maintained by REGENTS.