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This excerpt taken from the GPS 10-Q filed Jun 9, 2009. 35.1 Required Insurance Coverage Supplier shall obtain, pay for, and maintain in full force and effect during the term of this Agreement insurance as follows: A. Workers compensation and employers liability insurance with limits as required by law or * for each accident, including occupational disease coverage, with a limit of * per person subject to an aggregate limit of * per annum. These policies will contain waivers of the insurers subrogation rights against Gap where permitted by law; B. Commercial general liability insurance, and excess liability insurance coverage, with limits of * combined single limit for bodily injury, death, and property damage, including personal injury, contractual liability, independent contractors, broad-form property damage, and products and completed operations coverage; C. Commercial automobile liability insurance with limits of not less than * for each occurrence combined single limit of liability for bodily injury, death, and property damage, including owned and non-owned and hired automobile coverages, as applicable; D. Professional Liability Insurance (Errors and Omissions) with limits of * annual aggregate for all claims each policy year for technology errors and omissions. This coverage should not exclude Virus Liability, Intellectual Property Liability, Denial of Electronic Access Liability, Electronic Information Damage Liability, liabilities assumed under contract, and direct damages; E. All Risk Property Liability Insurance with limits not less than the full replacement cost value of Suppliers Equipment situated at a Gap Site during the Term of the Agreement; and F. Employee Dishonesty and Computer Fraud Insurance with limits not less than * per occurrence. |
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