4.1 Insurance Requirements. CONTRACTOR agrees to procure and maintain at its expense during the term of this Agreement insurance of the types and with limits of liability not less than those set out below:
(a) Insurance that CONTRACTOR is obliged to carry under all applicable social, Worker's Compensation and Occupational Disease laws covering all of CONTRACTOR's employees performing services under this Agreement including, without limitation, coverage under applicable maritime law.
(b) Employer's Liability Insurance, including coverage for marine operations, if applicable, with a limit of not less than $1,000,000 per accident.
(c) General Public Liability Insurance, including contractual liability coverage, with a combined bodily injury and property damage limit of not less than $1,000,000 per occurrence.
(d) Automobile Liability Insurance with a combined bodily injury and property damage limit of not less than $1,000,000 per accident.
(e) Such other insurance in the types and amounts as CONTRACTOR deems necessary or as is required by applicable law.
The above-stated minimum requirements are not intended to indicate the amounts and types of insurance that CONTRACTOR needs or may ultimately need.
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