Common use of Insurance of Contract Work Clause in Contracts

Insurance of Contract Work. Contractor shall take out necessary insurance Policy/Policies (viz Contractor's all risk Insurance policy, Erection all risk insurance policy etc as decided by the Directorate of insurance.) so as to provide adequate insurance cover for execution of the awarded contract work for total contract value and complete contract period compulsorily from the " Directorate of insurance, Maharashtra State ,Mumbai" only. Its Postal address for correspondence is 264, MHADA ,First floor ,Opp .Kalamagar, Bandra (E) Mumbai 400051 (Telephone Nos 00000000 / 00000000 and Fax No 00000000/00000000) Similarly all workmen's appointed to completed the contract work are required to insure under workmen's compensation Insurance policy. Insurance Policy/Policies taken out from any other company will not be accepted. If any Contractor has effected Insurance with any insurance company, the same will not be accepted and the amount of premium calculated by the Government Insurance fund will be recovered directly from the amount payable to the contractor for executed contract work and paid to the Directorate of Insurance fund, Maharashtra State. Mumbai .The Director of Insurance reserves the right to distribute the risk of Insurance among the other insures.

Insurance of Contract Work. Contractor shall take out necessary insurance Insurance Policy/Policies (viz Contractor's Viz contractors all risk Insurance policy, Erection all risk insurance risk, Insurance policy etc etc. as decided by the Directorate of insurance.Insurance) so as to provide adequate insurance cover for execution of the awarded contract work for total contract value and complete contract period compulsorily from the " the, “Directorate of insuranceInsurance, Maharashtra State ,State, Mumbai" ” only. Its Postal postal address for correspondence is “264, MHADA ,MHADA, First floor ,Opp .KalamagarFloor, Bandra Xxx. Xxxxxxxxx, Xxxxxx (EXxxx) Mumbai 400051 Xxxxxx-000000”. (Telephone Nos 00000000 / 00000000 Nos. 00000000/00000000 and Fax No 00000000/00000000) Nos. 00000000/26590403. Similarly all workmen's workmen appointed to completed complete the contract work are required to insure under workmen's ’s compensation Insurance policyinsurance Policy. Insurance Policy/Policies taken out from any other company will not be accepted. If any Contractor has effected Insurance with any insurance companyInsurance Company, the same will not be accepted and the amount of premium calculated by the Government Insurance fund Fund will be recovered directly from the amount payable to the contractor Contractor for the executed contract work and paid to the Directorate of Insurance fund, Fund Maharashtra State, Mumbai. Mumbai .The The Director of Insurance reserves the right to distribute the risk of Insurance insurance among the other insuresresources.

Insurance of Contract Work. Contractor shall take out necessary insurance Policy/Policies (viz Contractor's all risk Insurance policy, Erection all risk insurance policy etc as decided by the Directorate of insurance.) so as to provide adequate insurance cover for execution of the awarded contract work for total contract value and complete contract period compulsorily from the " Directorate of insurance, Maharashtra State ,Mumbai" only. Its Postal address for correspondence is 264, MHADA ,First floor ,Opp .Kalamagar, Bandra (E) Mumbai 400051 (Telephone Nos 00000000 / 00000000 and Fax No 00000000/00000000) Similarly all workmen's appointed to completed the contract work are required to insure under workmen's compensation Insurance policy. Insurance Policy/Policies taken out from any other company will not be accepted. If any Contractor has effected Insurance with any insurance company, the same will not be accepted and the amount of premium calculated by the Government Insurance fund will be recovered directly from the amount payable to the contractor for executed contract work and paid to the Directorate of Insurance fund, Maharashtra State. Mumbai .The Director of Insurance reserves the right to distribute the risk of Insurance among the other insures. The Actual amount incurred by Conctractor for insurance of work shall be reiumbused on production of documnetry evidence and after due verification.

Insurance of Contract Work. Contractor shall take out necessary insurance Insurance Policy/Policies (viz Contractor's Viz contractors all risk Insurance policy, Erection all risk insurance risk, Insurance policy etc etc. as decided by the Directorate of insurance.Insurance) so as to provide adequate insurance cover for execution of the awarded contract work for total contract value and complete contract period compulsorily from the " the, “Directorate of insuranceInsurance, Maharashtra State ,State, Mumbai" ” only. Its Postal postal address for correspondence is “264, MHADA ,MHADA, First floor ,Opp .KalamagarFloor, Bandra Xxx. Xxxxxxxxx, Xxxxxx (EXxxx) Mumbai 400051 Xxxxxx-000000”. (Telephone Nos 00000000 / 00000000 Nos. 00000000/00000000 and Fax No 00000000/00000000) Nos. 00000000/26590413. Similarly all workmen's workmen appointed to completed the contract work are required to insure under workmen's ’s compensation Insurance policyinsurance Policy. Insurance Policy/Policies taken out from any other company will not be accepted. If any Contractor has effected Insurance with any insurance companyInsurance Company, the same will not be accepted and the amount of premium calculated by the Government Insurance fund Fund will be recovered directly from the amount payable to the contractor Contractor for the executed contract work and paid to the Directorate of Insurance fund, Fund Maharashtra State, Mumbai. Mumbai .The The Director of Insurance reserves the right to distribute the risk of Insurance insurance among the other insuresresources.