Common use of Notice of Potential Claim Clause in Contracts

Notice of Potential Claim. The Contractor must: as soon as possible inform the Commonwealth in writing of any fact, matter or occurrence that may give rise to a claim under an insurance policy or self-insurer's authorisation or licence required by the Contract or any claim actually made against the Contractor or the Commonwealth which may be covered by an insurance policy or self-insurer's authorisation or licence required by the Contract; keep the Commonwealth informed of all significant developments concerning the claim, except in circumstances where the Commonwealth is making a claim against the Contractor; and ensure that its subcontractors similarly inform the Contractor and the Commonwealth in writing of any fact, matter or occurrence that may give rise to a claim under an insurance policy or self-insurer's authorisation or licence required by the Contract or any claim actually made against the Contractor, the subcontractor or the Commonwealth which may be covered by an insurance policy or self-insurer's authorisation or licence required by the Contract, provided that, in respect of Professional Indemnity Insurance, the Contractor: subject to paragraph (e), is not required to provide details of individual claims; and must notify the Commonwealth if the estimated total combined value of claims made against the Contractor and claims which may arise from circumstances reported by the Contractor to its insurer in a policy year would potentially reduce the available limit of policy indemnity for that year below the amount required by the Contract.