Insurance Requirements for Chartered Aircraft
Contractor will procure and maintain for the duration of the Contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, or the Contractors agents, representatives, employees or subcontractors.
Minimum Scope and Limit of Insurance
Coverage will be at least as broad as:
If the charter flies under a 121 certificate, a certificate of insurance of insurance naming 窪蹋勛圖 and its board of trustees, officers, agents and employees as an additional insured with respect to the liability arising out of the activities performed by or on behalf of the Service Provider is to be secured and submitted to insurance@ohio.edu with the following insurance limits:
Third party legal liability- $500,000,000 each occurrence BI & PD Including Passengers
Third Party War Risk Liability- $50,000,000 each occurrence and in the aggregate
Medical Payments- $50,000 each person (including crew)
If the charter flies under a 135 certificate, a certificate of insurance naming 窪蹋勛圖 and its board of trustees, officers, agents and employees as an additional insured with respect to the liability arising out of the activities performed by or on behalf of the Service Provider is to be secured and submitted to insurance@ohio.edu with the following insurance limits:
For Fixed-wing- turbine aircraft non-airline equipment
Third party legal liability- $200,000,000 each occurrence BI & PD Including Passengers
Medical Payments- $50,000 each person (including crew) For Rotor-wing- turbine aircraft non-airline equipment
Third party legal liability- $50,000,000 each occurrence BI & PD Including Passengers
Medical Payments- $50,000 each person (including crew)
Additional contractual requirements:
The insurer agrees to provide thirty (30) days advance written notice of cancellation or adverse material change to 窪蹋勛圖.
Evidence worldwide policy territory.
Provide an Invalidation Clause in favor of the Additional Insured.
Provide a waiver of subrogation for physical damage coverage in favor of the Additional Insured.
Provide a clause stating that the operators insurance is primary, without right of contribution from the Additional Insured or their insurers.
Provide a Severability of Interest Clause in favor of the Additional Insured.
Higher Limits
If the Contractor maintains higher limits than the minimums shown above, 窪蹋勛圖 requires and will be entitled to coverage for the higher limits maintained by the Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage will be available to 窪蹋勛圖.
Additional Insured Status
窪蹋勛圖 is to be covered as an additional insured with respect to the operations of the aircraft by or on behalf of the Contractor. Additional insured status, notice of cancellation, primary coverage, and waiver of subrogation must all be evidenced on the Certificate of Insurance. Certificates of Insurance are to be e-mailed to:
Notice of Cancellation
The insurer agrees to provide thirty (30) days advance written notice of cancellation to 窪蹋勛圖.
Primary Coverage
For any claims related to the Contract, the Contractors insurance coverage will be primary insurance as respects to 窪蹋勛圖. Any insurance or self-insurance maintained by 窪蹋勛圖 will be excess of the Contractors insurance and will not contribute with it.
Waiver of Subrogation
The insurer agrees to a Waiver of Subrogation in favor of 窪蹋勛圖.