Common use of Contractor’s Equipment Insurance Clause in Contracts

Contractor’s Equipment Insurance. All risks contractors’ equipment insurance covering construction machinery and equipment used by the Contractor for the performance of the Work, including equipment breakdown coverage, shall be in a form acceptable to the Owner and the Lender and shall not allow subrogation claims by the insurer against the Owner and the Lender.

Contractor’s Equipment Insurance. All risks contractors’ equipment insurance covering construction machinery and equipment used by the Contractor for the performance of the Work, including equipment breakdown coverage, shall be in a form acceptable to the Owner and the Lender Trustee and shall not allow subrogation claims by the insurer against the Owner and the LenderTrustee.