Insurance Clauses

Summary

This template contains insurance clauses that may be used in a commercial contract to provide assurances that the party performing services has the funds to pay its indemnity and liability obligations, and can reflect the risks involved, the types and level of insurance, and evidence of coverage. This template includes practical guidance and drafting notes. The clauses in this template address various circumstances, such as a contractora's obligations, loss not due negligence or default, options to purchase, types of insurance, and cancellation. For a full listing of related contract clauses, see General Commercial Contract Clause Resource Kit. For additional guidance on insurance clauses, see Security Interest and Insurance Clauses.