Common Contracts

COLLATERAL WARRANTY FOR SUB-CONSULTANTS

Collateral Warranty • February 16th, 2022

• Contract Type
  Collateral Warranty
• Filed
  February 16th, 2022

professional indemnity insurance for 6 years after the date the service is provided under a Consultant’s Service Contract with a limit of indemnity of not less than €[ • ] for each and every claim or series of claims (“Each and Every Insurance”) OR with a limit of indemnity of not less than €[ • ] in the annual aggregate (“Annual Aggregate Insurance”) (subject to reasonable adjustment of cover for any exceptional increases in insurance market rates) arising out of the same originating cause (except in respect of pollution contamination and/or asbestos) where annual limit of €[ • ] will apply) with a maximum excess of 2% of gross fee turnover, or €5,000 whichever is greater or such other amount as is acceptable to the Client;