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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."
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
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
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
Construction
Infrastructure Development
Real Estate Development
Insurance
Engineering
Commercial Property
Industrial Development
Residential Development
Public Works
Transportation Infrastructure
Energy Infrastructure
Mining
Utilities
Legal
Risk Management
Operations
Procurement
Finance
Compliance
Project Management
Insurance
Construction Management
Quality Assurance
Health and Safety
Business Development
Contract Administration
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
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