ASIGURARE Sample Clauses
The "ASIGURARE" clause establishes the requirement for one or both parties to maintain insurance coverage relevant to the contract. Typically, this clause specifies the types of insurance needed—such as liability, property, or professional indemnity insurance—and may outline minimum coverage amounts, policy duration, and proof of insurance obligations. Its core function is to allocate risk and provide financial protection against potential losses or damages that may arise during the execution of the contract, thereby safeguarding the interests of the parties involved.
ASIGURARE. 5.1 The receiving organisation shall make sure that the invited expert has adequate insurance coverage either by providing itself the insurance, or by providing the participant with the relevant information and support to take out an insurance on their own.
5.2 Insurance coverage shall include at minimum a health insurance, a liability insurance and an accident insurance. [In the case of intra-EU mobility, the invited expert’s national health insurance will include a basic coverage during their stay in another EU country through the European Health Insurance Card. However, this coverage may not be sufficient for all situations, for example in case of repatriation or special medical intervention or in case of international mobility. In that case, a complementary private health insurance may be needed. Liability and accident insurances cover damages caused by the invited expert or to the invited expert during their stay abroad. Varying regulation of these insurances is in place in different countries and participants run the risk of not being covered by standard schemes, for example if they are not considered to be employees or formally enrolled at their receiving organisation. In addition to the above, insurance against loss or theft of documents, travel tickets and luggage is recommended]. [It is recommended to also include the following information:] [Insurance provider(s), insurance number and insurance policy]