Third Party Liability Insurance (TPL. This insurance shall cover legal liability for bodily injury to loss of life of and/or damage to and loss of properties of the third person party arising out of the performance by the CONTRACTOR of the works.
Third Party Liability Insurance (TPL. The Company undertakes to keep the Insured indemnified for any amount it is obliged to pay, as civilly liable under the law and public regulations, to compensate (including capital, interest and expenses) for damage involuntarily caused to third parties by death, personal injury, and damage to property or animals, as the result of an incident which occurred in relation to the risks covered by the insurance. The cover is also operative for culpable and malicious criminal acts committed by persons whom the Insured is liable for according to the law, without prejudice to the provisions of Art. 1.20 “Waiver of Recourse”. The Company also undertakes to keep the Insured indemnified for the amount it is obliged to pay following a reimbursement made by third parties, possibly called to compensate the injured parties in the first instance.
Third Party Liability Insurance (TPL. Shall be covered by the contractor. CONTRACTOR shall at all times indemnify and keep indemnified the OWNER and its officers, servants and agents from and against all third party claims whatsoever (including but not limited to property loss and damage, personal accident, injury or death of or to property or person of any sub-contractor and/or the servants or agents of the CONTRACTOR or any other contractor(s) and any subcontractor and/or of the OWNER), and the CONTRACTOR shall at his own cost and initiative at all times up to the successful conclusion of the defect liability period and maintain insurance policies in respect of all insurable liabilities under this clause, including but not limited to third party insurance and liabilities under the Motor Vehicles Act, 1988; Workmen's Compensation Act, 1923; Fatal Accidents Act, 1855; Personal Injuries (Compensation) Insurance Act, 1963, Emergency Risk Insurance Act, and/or other Industrial Legislation from time to time in force in India with insurance Company(is).
