Common use of Lessee’s Insurance Clause in Contracts

Lessee’s Insurance. (a) Prior to the commencement of the Lessee’s Works (or any associated or incidental works on the Leased Premises), the Lessee must have: (i) procured the insurance policies referred to in item 10 of Schedule 1; and (ii) otherwise complied with the terms of clause 13 of the Lease in respect of those insurance policies. (b) For the avoidance of doubt and notwithstanding or limiting clause 13 or item 10 of Schedule 1 of the Lease, the Lessee must, prior to the commencement of any Lessee’s Works or associated or incidental works on the Leased Premises: (i) insure against and ensure that all of its contractors engaged in carrying out the Lessee’s Works, throughout the Lessee’s Works Period insure against any liability, loss, claim or proceeding whatsoever arising by virtue of any Laws relating to workers' compensation or employer's liability, by any person employed in or about the execution of the Lessee’s Works and shall also insure for the Lessee's and its contractors' common law liability to all such persons for such amount as shall be nominated by the Lessor; and (ii) ensure that the insurance policy referred to in item 10(b) of Schedule 1 insures the Lessee’s Works for their full reinstatement and replacement value and apply all insurance moneys received in reinstating, rebuilding and repairing any damage incurred or suffered to the Lessee’s Works.