21. Insurance. Supplier agrees to carry
insurance covering product liability and general liability in
amounts of not less than $5,000,000.00 per
occurrence. The limits required may be met by a combination of primary and
umbrella liability policies. Supplier further agrees to maintain professional
liability (Errors and Omissions) insurance for the Products and services it
provides to Buyer in an amount of not less than $5,000,000 per claim. All such
policies will provide for at least thirty (30) days prior written notice to
Buyer of cancellation, non-renewal, or material change in the terms and
conditions of coverage and name Buyer as an additional named insured. At
Buyer’s request, Supplier will provide Buyer with a certificate or certificates
of insurance evidencing such coverage. Prior to the expiration of any insurance
policy of Supplier, a renewal certificate of insurance will be provided to
Buyer. Supplier agrees to have its insurance carrier(s) waive any right of
subrogation that such carrier(s) may have against Buyer so long as the
insurance is not invalidated thereby. In the event Supplier ceases to carry
adequate insurance that names Buyer as an
additional insured, Buyer may immediately
cancel this Agreement and any outstanding purchase orders by giving Supplier
written notice of Buyer’s election to cancel; The minimum insurance
coverages set forth herein do not limit in
any way Supplier’s liability to Buyer pursuant to this Agreement.
21.保險。
供應商同意投保產品責任保險和一般責任保險,單次事故賠償金額不低于500萬美金。以上賠款政策受限部分可以通過基本保險和超額損失保險政策得到滿足。供應商同意購買職業責任險,每次事故索賠金額不低于500萬美金。若取消保險,不續簽保險,或者材料變更,保險條款變更,或者把買方列為附加保險人等情況都需要提前30天以書面形式告知買方。根據買方要求,供應商應提供以上要求購買的保險的保單給買方。供應商應續簽任何要過期的保單,并將續簽的新保單提供給買方。供應商同意放棄代位追償權,以避免保險公司以此否決買方的索賠權。若供應商終止把買方作為附加保險人的保險,買方可能會立即通過書面通知取消此合約以及在途采購訂單。本條例中的最低險并不影響供應商的其他責任。