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Subcontractor Insurance Agreement
I need a Subcontractor Insurance Agreement for a high-rise construction project in Dubai, UAE, with particular emphasis on professional indemnity coverage and specific requirements for working above 40 floors, to be effective from March 2025.
1. Parties: Identification of the Contractor and Subcontractor, including full legal names, registration details, and addresses
2. Background: Context of the agreement, reference to main contract, and purpose of the insurance arrangements
3. Definitions: Detailed definitions of key terms used throughout the agreement, including insurance-specific terminology
4. Insurance Requirements: Comprehensive list of required insurance types, minimum coverage amounts, and duration requirements
5. Subcontractor's Obligations: Specific duties regarding insurance maintenance, premium payments, and reporting requirements
6. Contractor's Rights: Rights to verify insurance coverage, request certificates, and enforce compliance
7. Claims Procedure: Process for notification and handling of insurance claims
8. Term and Renewal: Duration of insurance requirements and conditions for renewal
9. Compliance with Laws: Requirements to comply with UAE insurance laws and regulations
10. Default and Remedies: Consequences of failing to maintain required insurance and available remedies
11. Notices: Requirements for formal communications between parties
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
1. Additional Insured Requirements: Specific requirements for naming additional parties as insured, used when project owner or other stakeholders need to be covered
2. Professional Indemnity Insurance: Detailed requirements for professional services coverage, included when subcontractor provides design or consulting services
3. Environmental Liability: Special insurance requirements for environmental risks, included for projects with environmental impact potential
4. Security Requirements: Additional security or bonds requirements, used for high-value or high-risk projects
5. Cross-Indemnification: Specific indemnification arrangements between parties, included for complex projects with multiple stakeholders
6. Insurance Cost Allocation: Provisions for sharing or allocating insurance costs, used when special insurance arrangements are needed
1. Schedule A - Required Insurance Types and Limits: Detailed breakdown of each required insurance type and corresponding coverage limits
2. Schedule B - Approved Insurance Providers: List of pre-approved insurance companies acceptable to the Contractor
3. Schedule C - Certificate of Insurance Templates: Standard forms for insurance certificates and endorsements
4. Schedule D - Claims Reporting Procedures: Detailed procedures and forms for reporting insurance claims
5. Appendix 1 - Project Specific Requirements: Special insurance requirements specific to the particular project
6. Appendix 2 - Insurance Program Timeline: Schedule of insurance renewal dates and reporting deadlines
Authors
Construction
Infrastructure Development
Real Estate Development
Oil & Gas
Energy
Manufacturing
Engineering Services
Industrial Development
Transportation
Marine & Offshore
Legal
Risk Management
Procurement
Operations
Commercial
Compliance
Construction Management
Project Management
Insurance
Contracts Administration
Contract Manager
Risk Manager
Insurance Coordinator
Project Director
Legal Counsel
Compliance Officer
Construction Manager
Procurement Manager
Operations Director
Insurance Manager
Project Manager
Subcontractor Manager
Commercial Manager
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