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What is the minimum amount of cover or minimum level of indemnity the Contractor has to provide for loss of or damage to property caused by activity in connection with the contract?

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What is the minimum amount of cover or minimum level of indemnity the Contractor has to provide for loss of or damage to property caused by activity in connection with the contract?

asked Oct 10, 2012 in Risk and Insurance by BuiltIntelligence (840 points)  

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Best answer

The Contractor has to provide insurance cover for the amount stated in the Contract Data for any one event with cross liability so that the insurance applies to the Parties separately (see Clause 84.2).

answered Oct 10, 2012 by BuiltIntelligence (840 points)