美加、欧洲采购商的产品责任险具体要求
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Please attach a 2011 Insurance Certificate to this Agreement
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The Vendor's General Liability policy must conform to the following minimum standards:
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· If the product category is one of the following: 1) In an aerosol can; 2) Has electronic wall-mounted plug; 3) Furniture; 4) An open flame product. Then, minimum limits of $2.0 million Occurrence / $2.0 million General Aggregate / $2.0 million Products - Completed Operations Aggregate with $3.0 million in Excess/Umbrella coverage for a total of $5.0 million in total limits, unless instructed otherwise by OfficeMax.
· For all other product cate gories, minimum limits of $2 million Occurrence / $2 million Products-Completed Operations Aggregate.
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Coverage trigger must be on an "occurrence" basis;
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Vendor's Broad Form must be ISO Form CG 20 15 or broader;
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Vendor's insurance company must have a minimum A.M. Best & Company rating of a “VII" or better, and must be authorized to write liability insurance in all states of the United States of America, Canada, and Puerto Rico;
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Vendor's insurance company must provide at least 30 days written notice of cancellation or material change;
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Insurance carried by Vendor will be primary to any insurance carried by OfficeMax.
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As soon as possible (January 1 for all succeeding years), Vendor shall deliver to OfficeMax a certificate from Vendor’s insurer evidencing the required coverage and naming OfficeMax Incorporated, its subsidiaries, affiliates, corporate parent, directors, officers, and employees as additional insured’s with respect to liability or any claims of liability arising out of the sale of products to OfficeMax, including the design and manufacture thereof. The certificate shall provide on its face that the policies it represents will not be terminated, amended, or allowed to expire without 30 days’ prior written notice to OfficeMax; and such certificate shall further provide on its face that the policies it represents contain a severability of interests clause, generally providing, “the insurance afforded applies separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the company’s liability.” Failure of OfficeMax to demand such certificate or other evidence of full compliance with these insurance requirements or failure of OfficeMax to identify a deficiency from evidence that is provided shall not be construed as a waiver of Vendor’s obligation to maintain such insurance.
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