Insurance Required During the Construction Period and the Operational Period. (i) Public Liability Cover: Shall insure against legal liability to third parties for bodily injury or damage to property arising out of the construction, testing and commissioning and operation of the Facility in Bangladesh. Sum insured: For any one claim: US$ 5,000,000. Insured: The Company, the Lenders, the Contractors, the O&M Contractor, all suppliers and consultants, GOB, and BPDB. Period of Cover: The actual construction, testing and commissioning of the Facility from mobilisation of the Contractors until the end of the Term. (ii) Workers Compensation and Employers Liability This coverage will include workers compensation, temporary disability and other similar insurance required by the Laws of Bangladesh.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Insurance Required During the Construction Period and the Operational Period. (i) Public Liability Cover: Shall insure against legal liability to third parties for bodily injury or damage to property arising out of the construction, testing and commissioning and operation of the Facility in Bangladesh. Sum insured: For any one claim: US$ 5,000,000. Insured: The Company, the Lenders, the Contractors, the O&M Contractor, all suppliers and consultants, GOB, and BPDB. Period of Cover: The actual construction, testing and commissioning of the Facility from mobilisation mobilization of the Contractors until the end of the Term.
(ii) Workers Compensation and Employers Liability This coverage will include workers compensation, temporary disability and other similar insurance required by the Laws of Bangladesh.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
