Insurance. For the duration of this Order and for period of ten (10) years from the date of delivery of the goods or performance of the services, Seller shall maintain, through insurers with a minimum Best rating of A- VII or S&P A and licensed in the jurisdiction where goods are manufactured and/or sold and where services are performed, the following insurance: # Commercial General Liability, on an occurrence form, in the minimum amount of per occurrence with coverage for: # bodily injury/property damage, including coverage for contractual liability insuring the liabilities assumed in this Order; # products/completed operations liability; and # all of the following types of coverages where applicable: # contractors protective liability; # collapse or structural injury; and/or # damage to underground utilities with all such coverages in this [Section 12.2(a)] applying on a primary basis, providing for cross liability, not being subject to any self-insured retention and being endorsed lo name General Electric Company, its Affiliates (defined in [Section 2.2(c)]), directors, officers, agents and employees (collectively, the GE Parties) as additional insureds; # Business Automobile Liability insurance covering al! owned, hired and non-owned vehicles used in the performance of the Order in the amount of combined single limit each occurrence, endorsed to name the GE Parties as additional insureds; # Employers Liability in the amount of each occurrence; # Property Insurance on an All-risk basis covering the full replacement cost value of all property owned, rented or leased by Seller in connection with this Order and covering damage to Buyers properly in Sellers care, custody and control, with such policy being endorsed to name Buyer as Loss Payee relative to its property in Sellers care, custody and control; and # appropriate Workers Compensation Insurance protecting Seller from al! claims under any applicable Workers Compensation and Occupational Disease Act. Seller shall obtain coverage similar to Workers compensation and Employers liability for each Seller employee performing work under this Order outside the U.S. All insurance specified in this Section shall be endorsed lo provide a waiver of subrogation in favor of Buyer, its Affiliates (defined in [Section 2.2(c)]) and its and their respective employees for ail losses and damages covered by the insurances required in this Section. The application and payment of any self-insured retention or deductible on any policy carried by Seller shall be the sole responsibility of Seller. Should Buyer be called upon to satisfy any self-insured retention or deductible under Sellers policies, Buyer may seek indemnification or reimbursement from Seller where allowable by law. Upon request by Buyer, Seller shall provide Buyer with a certificate(s) of insurance evidencing that the required minimum insurance is in effect. The certificate(s) of insurance shall reference that the required coverage extensions are included on the required policies and state that: General Electric Company, its subsidiaries, affiliates, directors, officers, agents and employees shall be named as additional insureds. Copies of endorsements evidencing the required additional insured status, waiver of subrogation provision and/or loss payee status shall be attached to the certificate(s) of insurance. Buyer shall have no obligation to examine such certificate(s) or to advise Seller in the event its insurance is not in compliance herewith. Acceptance of such certificate(s), which are not compliant with the stipulated coverages, shall in no way whatsoever imply that Buyer has waived its insurance requirements.
Seller shall maintain, through insurers with a minimum Best rating of A- VII or S&P A and licensed in the jurisdiction where goods are manufactured and/or sold and where services are performed,maintain the following insurance: # CommercialComprehensive General Liability, on an occurrence form,Liability in the minimum amount of combined single limit per occurrence with coverage for: #for bodily injury/property damage, including coverage for contractual liability insuring the liabilities assumed in this Order; # products/completed operations liability; and # all of the following types of coverages where applicable: #Order, products liability, contractors protective liability; #liability, where applicable, collapse or structural injury;injury and/or # damage to underground utilities with all such coveragesutilities, where applicable, and coverage for damage to property in this [Section 12.2(a)] applying on a primary basis, providing for cross liability, not being subject to any self-insured retentionSellers care, custody and being endorsed lo name General Electric Company, its Affiliates (defined in [Section 2.2(c)]), directors, officers, agents and employees (collectively, the GE Parties) as additional insureds;control; # Business Automobile Liability insuranceInsurance covering al!Comprehensive Automobile Liability covering bodily injury/property damage and all owned, hired and non-owned vehiclesautomotive equipment used in the performance of the Order in the amount of combined single limit each occurrence, endorsed to name the GE Parties as additional insureds;occurrence; # Employers Liability in the amount of each occurrence; # Property Insurance on an All-risk basis covering the full replacement cost value of all propertygoods and services owned, rented or leased by Seller in connection with this Order and covering damage to Buyers properly in Sellers care, custody and control, with such policy being endorsed to name Buyer as Loss Payee relative to its property in Sellers care, custody and control;Order; and # appropriate Workers Compensation Insurance protecting Seller from al!all claims under any applicable Workers Compensation and Occupational Disease Act. Coverage similar to Workers Compensation and Employers Liability shall be obtained for each local employee outside the United States where work in connection with this Order is performed. Buyer shall be named as additional insured under Sellers Comprehensive General Liability policy for any and all purposes arising out of or connected to this Order. Upon request, Seller shall obtain coverage similar to Workerfurnish Buyer an endorsement showing that Buyer has been named an additional insured and a certificate of insurance completed by its insurance carrier(s) certifying that insurance coverages are in effect and will not be canceled or materially changed except ten (10) days after Buyers compensation and Employers liability for eachwritten approval. Seller employee performing work under this Order outside the U.S.hereby waives subrogation. All insurance specified in this Sectionsection shall be endorsed lo providecontain a waiver of subrogation in favor of Buyer, its Affiliates (defined in [Section 2.2(c)]) and its and their respective employees for ailall losses and damages covered by the insurances required in this Section. The application and payment of any self-insured retentionsection, including coverage for damage to Buyers property in Sellers care, custody or deductible on any policy carried by Seller shall be the sole responsibility of Seller. Should Buyer be called upon to satisfy any self-insured retention or deductible under Sellers policies, Buyer may seek indemnification or reimbursement from Seller where allowable by law. Upon request by Buyer, Seller shall provide Buyer with a certificate(s) of insurance evidencing that the required minimum insurance is in effect. The certificate(s) of insurance shall reference that the required coverage extensions are included on the required policies and state that: General Electric Company, its subsidiaries, affiliates, directors, officers, agents and employees shall be named as additional insureds. Copies of endorsements evidencing the required additional insured status, waiver of subrogation provision and/or loss payee status shall be attached to the certificate(s) of insurance. Buyer shall have no obligation to examine such certificate(s) or to advise Seller in the event its insurance is not in compliance herewith. Acceptance of such certificate(s), which are not compliant with the stipulated coverages, shall in no way whatsoever imply that Buyer has waived its insurance requirements.control.
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