All material director and officer, fire and casualty, general liability, business interruption, product liability, and sprinkler and water damage insurance policies maintained by the Company and the Subsidiaries are with reputable insurers of recognized financial responsibility, provide full and adequate coverage against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged and for the respective properties and assets of the Company and the Subsidiaries, and are in character and amount at least equivalent to that carried by Persons engaged in similar businesses and subject to the same or similar perils or hazards, except for any such failures to maintain insurance policies that, individually or in the aggregate, would not reasonably be expected to be material. Schedule 3.1(t) sets forth a true and complete list, as of the date of this Agreement, of (i) all insurance policies maintained by the Company and the Subsidiaries and (ii) the coverage limit of each such insurance policy. Each insurance policy is in full force and effect. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.