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Construction Contractors (Insurance) Template for Philippines

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Key Requirements PROMPT example:

Construction Contractors (Insurance)

"I need a Construction Contractors Insurance contract for a large-scale residential development project in Manila, with specific coverage for typhoon risks and multiple subcontractors, ensuring compliance with new 2025 Philippine building regulations."

Document background
The Construction Contractors (Insurance) contract serves as a crucial legal instrument for managing risks in construction projects within the Philippine jurisdiction. This document is essential when contractors need comprehensive insurance coverage for construction projects, whether commercial, residential, or infrastructure developments. It addresses requirements under the Insurance Code of the Philippines, the Civil Code, and construction industry regulations, providing coverage for various risks including physical loss or damage to works, third-party liability, worker's compensation, and professional negligence. The document is particularly relevant in the context of increasing construction activity in the Philippines and stricter regulatory requirements for contractor insurance coverage. It includes specific provisions for local construction practices, weather-related risks common in the Philippines, and compliance with local building codes and standards.
Suggested Sections

1. Parties: Identification of the insurer, contractor (insured), and any additional insured parties

2. Background: Context of the construction project and insurance requirement

3. Definitions: Key terms used throughout the contract including construction-specific and insurance-specific terminology

4. Scope of Coverage: Detailed description of insurance coverage, risks covered, and territorial limits

5. Premium and Payment Terms: Insurance premium amount, payment schedule, and consequences of non-payment

6. Duration of Coverage: Policy period, including construction phase coverage and extended coverage periods

7. Contractor's Obligations: Responsibilities of the contractor regarding safety, risk management, and notification requirements

8. Claims Procedure: Process for filing and handling insurance claims

9. Exclusions: Specific risks and circumstances not covered by the insurance

10. Limits of Liability: Maximum coverage amounts for different types of claims

11. Compliance Requirements: Regulatory and statutory compliance obligations under Philippine law

12. Termination: Conditions and procedures for terminating the insurance coverage

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

Optional Sections

1. Additional Insured Parties: Section for including project owner, subcontractors, or other parties as additional insured when required

2. Professional Indemnity Coverage: Additional section for design-build contractors or when professional services are included

3. Environmental Liability: Optional coverage for environmental risks when project involves environmental sensitivity

4. Warranty Period Coverage: Extended coverage for the warranty period after construction completion

5. Cross-Liability Clause: Section addressing liability between multiple insured parties when applicable

6. Force Majeure: Specific provisions for force majeure events affecting construction and insurance coverage

7. Alternative Dispute Resolution: Optional procedures for mediation or arbitration before court proceedings

Suggested Schedules

1. Schedule A - Project Details: Specific details of the construction project being insured

2. Schedule B - Premium Calculation: Detailed breakdown of premium calculation and adjustments

3. Schedule C - Coverage Limits: Detailed limits for different types of coverage and sub-limits

4. Schedule D - Excluded Activities: Specific construction activities excluded from coverage

5. Schedule E - Claims Documentation Requirements: List of required documents and procedures for claims

6. Appendix 1 - Risk Assessment: Initial risk assessment of the construction project

7. Appendix 2 - Safety Requirements: Mandatory safety procedures and requirements

8. Appendix 3 - Contractor's Certificates: Copies of relevant contractor licenses and certificates

9. Appendix 4 - Insurance Certificates: Certificates of insurance and endorsements

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















































Clauses






































Relevant Industries

Construction

Infrastructure Development

Real Estate Development

Insurance

Engineering

Commercial Property

Industrial Development

Residential Development

Public Works

Transportation Infrastructure

Energy Infrastructure

Mining

Utilities

Relevant Teams

Legal

Risk Management

Operations

Procurement

Finance

Compliance

Project Management

Insurance

Construction Management

Quality Assurance

Health and Safety

Business Development

Contract Administration

Relevant Roles

Construction Project Manager

Risk Manager

Insurance Underwriter

Contract Administrator

Legal Counsel

Chief Operating Officer

Project Director

Construction Site Supervisor

Insurance Claims Manager

Compliance Officer

Procurement Manager

Chief Financial Officer

Construction Safety Officer

Quality Assurance Manager

Business Development Manager

Insurance Broker

Project Controls Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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