Contractor’s Insurance Obligations. 12.1 The Contractor must, at its cost, effect and maintain during the course of this Contract the following insurances:
(a) all insurance required to comply with the Workers’ Compensation and Rehabilitation Act 2003;
(b) Queensland Home Warranty Scheme cover, the premium for which must be collected from the Owner and paid to QBCC within 10 Business Days after the date the Contract was entered into and before the work under this Contract starts (whichever is earlier); and
(c) Contract Works insurance for an amount not less than the Contract Price until 4pm on the Date of Practical Completion and Public Liability insurance for not less than 10 million dollars, until 4pm on the day of which the contractor has complied with its obligations under Condition 29, with a reputable and financially sound insurer upon usual and reasonable terms which name or include as an insured the Owner and the Contractor for their respective rights and interests.
12.2 The insurances required under Condition 12.1(c) will include cross-liability provisions by which the insurer waives all rights of subrogation or action which the insurer may have against any of the persons comprising the insured and by which each person comprising the insured is deemed to be the subject of a separate policy of insurance.
12.3 Prior to commencement of the work under this Contract, or upon request by the Owner, the Contractor must provide to the Owner written evidence that the Contract Works and Public Liability Insurances required under this Condition are current.
Contractor’s Insurance Obligations. Managing Member shall require the Project’s general contractors and all subcontractors to obtain and maintain at all times during performance of work for the Company an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$2,000,000 annual aggregate per location / project and an umbrella / excess liability in the minimum amount of $5,000,000 per location / project, or in such other amounts as may be approved by the Members, on which the Company is named as an additional insured. In addition, Managing Member shall require that the Project’s general contractors and all subcontractors carry worker’s compensation coverage as required by law, including a waiver of subrogation in favor of the Company.
Contractor’s Insurance Obligations. Manager shall require all general contractors and all subcontractors retained by the Company and any Subsidiary working at the Project, or any portion thereof, to obtain and maintain at all times during performance of work for the Company or any Subsidiary an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$1,000,000 annual aggregate, or in such other amounts as may be approved by the Managing Member, on which the Company and any Subsidiary is named as an additional insured. In addition, Manager shall require that the general contractors and all subcontractors retained by the Company and any Subsidiary carry worker’s compensation coverage as required by law. Notwithstanding the foregoing, general contractors and subcontractors retained by the Hotel Manager shall have such insurance as required by the Hotel Manager under the Hotel Management Agreement and the acts or omissions of the Hotel Manager under the Hotel Management Agreement with respect to insurance coverage of general contractors and subcontractors shall not be imputed to the Manager.
Contractor’s Insurance Obligations. The Contractor shall at its expense take out and maintain in effect, or cause to be taken out and maintain in effect during the performance of the Contract, the Contractor's insurances set forth in Clause 47. Provided, however, that at the option of the Purchaser, to be exercised within 30 (thirty) days of the Execution Date, the Purchaser may opt for taking out and maintaining in effect or cause to be taken out or maintain in effect, the Contractor's insurance along with the Purchaser's insurance and in such an event, the premium payable for the Contractor's insurance shall be deducted from the Contract Price by effecting a reduction in Part C Price. The Contractor shall extend to the Purchaser the benefit of the insurance cover under the Professional Indemnity Cover obtained by itself and/or its subcontractors for engineering and/or design of the Works and that such Professional Indemnity Cover shall be for a minimum assured amount of the equivalent of US$ 1 million (United States Dollars One Million Only).
Contractor’s Insurance Obligations. Contractor shall maintain, at its sole cost and expense, the following minimum insurance coverages during this Agreement:
Contractor’s Insurance Obligations. The Contractor shall purchase from and maintain insurance for protection from claims under workers’ compensation acts and other employee benefit acts which are applicable, claims for damages because of bodily injury, including death, and claims for damages, other than to the Work itself, to property which may arise out of or result from the Contractor’s operations under this Agreement, whether such operations be by the Contractor or a Subcontractor or anyone directly or indirectly employed by any of them. This insurance shall be written for not less than limits of liability specified in this Section 34 or required by law, whichever coverage is greater, and shall include contractual liability insurance applicable to the Contractor’s obligations under Sections 23 and 33. Certificates of such insurance shall be filed with the Owner prior to the commencement of the Work.
34.1 The insurance required by this Section 34 shall be provided by an insurance company or companies lawfully authorized to conduct business in the state where the Project is located which have a policy-holder’s rating of not less than “A” in the most recent edition of Best’s Rating Guide. Such insurance shall be written on an occurrence basis and shall be maintained without interruption from the date of commencement of the Work until at least one (1) year following the date of Final Payment and at all times thereafter when the Contractor may be correcting, removing or replacing defective or rejected Work, or longer if required below. The Contractor shall name the Owner and its agents and employees as additional insureds on all insurance policies, except the Workers’ Compensation policy. The Contractor shall obtain from the Owner the list of names to appear on the insurance policies. The Contractor shall pay all deductibles. The insurance shall be written for not less than the following limits, or greater if required by law, and otherwise shall comply with the following requirements:
Contractor’s Insurance Obligations. 5.9.1 The Contractor shall effect and maintain the following insurances with insurers who are at all times of good financial standing and reputation and for a period of insurance which includes the period from the Effective Date of the Contract until at least the expiry or termination of this Contract but shall provide cover for obligations that survive expiry or termination of this Contract.
5.9.2 The Contractor shall maintain:
5.9.2.1 products liability insurance for an amount of not less than £2,000,000 for any one occurrence and unlimited in the aggregate annually as to the number of occurrences in respect of any liability for:
a) bodily injury and/or illness (including death) of any person; and
b) loss of, damage to, loss of use of, or destruction of property (including ECMWF property), arising out of or in connection with the provision of the Machines and/or the Works or this Contract;
5.9.2.2 third party property damage insurance for an amount not less than £5,000,000 for any single occurrence and unlimited in the aggregate as to the number of occurrences in respect of liability for all plant, equipment and motor vehicles owned or used by the Contractor Personnel directly or indirectly engaged in providing the Works; and
5.9.3 The Contractor shall provide to ECMWF copies of evidence from the Contractor’s broker endorsed by the Insurer of the insurances set out in this Clause 5.9.
Contractor’s Insurance Obligations. Contractor shall pay the costs of premiums for the CCIP Coverages. Contractor will receive or pay, as the case may be, all adjustments to such costs, whether by way of dividends, retroactive adjustments, return premiums, other moneys due, audits or otherwise. Subcontractor hereby assigns to Contractor the right to receive all such adjustments, and shall use its best efforts to ensure that each of its Subcontractors of every tier assigns to Contractor the right to receive all such adjustments. Contractor assumes no obligation to provide insurance other than that specified in this Appendix C, and in the CCIP insurance policies. Contractor’s furnishing of CCIP Coverages shall in no way relieve or limit, or be construed to relieve or limit, Subcontractor of any responsibility, liability, or obligation imposed by the Contract Documents, the CCIP insurance policies, or by law, including, without limitation, any indemnification obligations which Subcontractors have to Contractor thereunder. Contractor reserves the right at its option, without obligation to do so, to furnish other insurance coverage of various types and limits provided that such coverage is not less than that specified in the Contract Documents.
Contractor’s Insurance Obligations. Contractor shall secure and maintain, at its own expense, throughout the Term of this Agreement the following insurance coverage. Contractor shall provide User with evidence, reasonably satisfactory to the User, of its insurance hereunder, upon request.
1. Commercial general liability insurance of at least three million dollars.
2. Professional liability insurance covering negligent errors, omissions, and acts of the Contractor or of any person or business entity for whose performance the Contractor is legally liable arising out of the performance of the Agreement of at least three (3) million dollars. Said policy or policies shall provide that no cancellation, lapse or material change thereof shall be effective until at least thirty (30) days written notice is mailed to the first named insured, except ten (10) days for nonpayment of premium and further provide that within three (3) days of receipt of said notice first insured must provide User notice of same. If the policy providing professional liability coverage is a “claims-made” form, the Contractor is required to either (a) maintain such coverage for a minimum of three (3) years (and six (6) years for design defect claims) following the Commercial Operation Date or (b) obtain and maintain an extended reporting period in respect of such coverage for the same periods of time as described above.
Contractor’s Insurance Obligations. CONTRACTOR shall maintain, at CONTRACTOR’s expense, the following minimum insurance coverages during this Agreement:
