Engineering Insurance Clause Samples

The Engineering Insurance clause provides coverage for risks associated with engineering projects, such as construction, installation, or operation of machinery and equipment. This clause typically applies to losses or damages arising from unforeseen events like accidents, equipment breakdowns, or natural disasters during the course of engineering works. Its core function is to protect project stakeholders from financial losses due to unexpected incidents, thereby ensuring the continuity and financial stability of engineering projects.
Engineering Insurance. This type of insurance provides cover for breakdown, explosion and collapse and sudden and unforeseen damage to air pressure vessels, heating boilers, passenger/goods lifts and other such lifting equipment and machinery. Also included is the Periodic Examination of machinery, boilers lifts, lifting equipment and other Items, including public playground equipment. The Service includes the issue and updating of appropriate documentation as well as advising the Authority on statutory requirements and industry practice. We appreciate that schools organise annual fayres, firework displays and other events. To protect the costs incurred with cancelling or rescheduling an event due to adverse conditions, the Insurance Service can arrange event cancellation insurance for participating schools. Artificial turf pitches are not included in the Balance of Risks property cover. Additional cover can be arranged for this by contacting the Insurance Section and providing the following information: • Cost of fully reinstating the pitch if it were damaged beyond economic repair • Last 5 years’ loss history, including date, cause and cost of repairs • Details of any security arrangements around the pitch (fencing, CCTV, lighting) • Details of how the pitch and perimeter enclosure are maintained • Details of what measures have been taken to protect the pitch against flood damage. This cover will require an additional annual premium, which would be charged to the school. Any claims made under the policy will be subject to either a £250 or £1,000 excess dependant on the Schools requirements. Need cover for something unusual? Contact the Insurance Section with details of your requirements and we will endeavour to find insurance coverage at the right price.
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Engineering Insurance. This type of insurance provides cover for breakdown, explosion and collapse and sudden and unforeseen damage to air pressure vessels, heating boilers, passenger/goods lifts and other such lifting equipment and machinery. Also included is the Periodic Examination of machinery, boilers lifts, lifting equipment and other Items, including public playground equipment. The Service includes the issue and updating of appropriate documentation as well as advising the Authority on statutory requirements and industry practice. We appreciate that schools organise annual fayres, firework displays and other events. To protect the costs incurred with cancelling or rescheduling an event due to adverse conditions, the Insurance Service can arrange event cancellation insurance for participating schools. Artificial turf pitches are not included in the Balance of Risks property cover. Additional cover can be arranged for this by contacting the Insurance Section and providing the following information: • Cost of fully reinstating the pitch if it were damaged beyond economic repair • Last 5 years’ loss history, including date, cause and cost of repairs • Details of any security arrangements around the pitch (fencing, CCTV, lighting) • Details of how the pitch and perimeter enclosure are maintained • Details of what measures have been taken to protect the pitch against flood damage. This cover will require an additional annual premium, which would be charged to the school. Any claims made under the policy will be subject to either a £250 or £1,000 excess dependant on the Schools requirements. • Management of the procurement process for the placing of the insurance policies in compliance with the Council’s contract Standing Orders. This includes: o Ensure accurate presentation of the risk to the insurance market; o Advertising of the tender ensuring compliance with the Council’s Contract Standing Orders; o Evaluation of quotations received and management of tender award process; o Manage the mobilisation of new insurers and ensure service standards are maintained; o Manage the ‘run-off’ of the expiring insurer, ensuring service standards are maintained throughout. • Manage the annual renewal of the insurance policies. This includes: o Completion of renewal questionnaire to present risk information to insurers; o Evaluation of renewal terms received from insurers, ensuring quotations received meet Client Schools’ needs and requirements; o Payment of premium invoices. • Manage trip...
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Engineering Insurance the risks for the contractors in civil engineering projects, electric plants, breakdown of heavy machinery are covered in this type of insurance.
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Engineering Insurance. 19.1 If Party A and Party B consider it is necessary to cover insurance on construction site, Party A shall hold responsibility to cover the life and property insurance for buildings and personnel from Party A and the third party, and pay all relevant expenses. 19.2 Party B shall cover life and property insurance for the staff or Party B and sub-contractor as well as machinery on construction site and pay all relevant expenses. Party B shall cover its own insurance of each kind if it needs to work inside a buildings un-empted. 19.3 If accident occurs after insurance covering, Party B shall, within 14 days following such accident, provide Party A with a report regarding loss situation and price evaluation in building works (buildings). If such accident continues to influence the site, Party B shall report to relevant parties once every 7 days since the 14th day following the first report.
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Engineering Insurance. Unless otherwise agreed in the special contract terms, the employer shall purchase all-risk insurance for the construction project or all-risk insurance for the installation project; if the employer entrusts the contractor to purchase the insurance, the insurance premium and other related expenses incurred by the insurance shall be borne by the employer.
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Engineering Insurance. Special agreement on engineering insurance: Implemented in accordance with national regulations.
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Engineering Insurance. Unless otherwise specified in the Special Terms and Conditions of the Contract, the Contractor shall purchase the contractors' all risks and erection all risks.
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Related to Engineering Insurance

  • Fire Insurance The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • ▇▇▇▇ ▇▇▇▇▇ Insurance (a) If an Employee is in receipt of an Incolink benefit and suffers a disability for a period of more than 14 days, they will have access to a benefit under a policy procured by Incolink to reimburse domestic bills which the worker receives and pays during their disablement. (b) This policy will reimburse up to $300 per bill up to a maximum of $6,000 for all bills for any one period of disablement. (c) The Employer will pay a contribution on behalf of each Employee of $1.50 per week per Employee in accordance with the relevant Incolink trust deed or other governing documents.

  • Boiler and Machinery Insurance The Owner shall have the option of purchasing and maintaining boiler and machinery insurance required by the Contract Documents or by law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner. If purchased this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub-subcontrators in the Work.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility 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, including, but not limited to, directors and officers insurance coverage. 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.

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.