Contract Works Insurance definition

Contract Works Insurance means insurance that will cover the cost to replace, repair or redo the Works and Materials during any period that we are providing the Works to you until such time as the Works are completed.
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Contract Works Insurance means insurance covering the Relocation Works against the usual works and construction risks including physical loss, destruction or damage, for their full reinstatement and replacement value.
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Examples of Contract Works Insurance in a sentence

  • Important note This information is provided to assist you in understanding some terms, implications and common considerations of Contract Works Insurance , it is not complete, so please request full details from your Steadfast insurance broker.

  • Any amount which becomes payable to the Contractor or any of his Subcontractors as a result of a claim under the Contract Works Insurance shall if required by the Employer be paid net of the Deductible to the Employer who shall pay the Contractor from the proceeds of such payment upon rectification repair or reinstatement of the loss or damage but this provision shall not in any way affect the Contractor's obligations liabilities or responsibilities in terms of the Contract.

  • Contract Works Insurance - a limit of liability of not less than the full reinstatement or replacement value of the Works under the Contract, together with costs of demolition and removal of debris and contractors fees.

  • Contract Works Insurance for the full value of the Works to provide cover against accidental physical loss of or damage to the Works, Temporary Works and materials intended for incorporation in the Works all being the subject matter of this Contract including to the extent provided for in the policy whilst in transit or temporarily stored at any premises en route to or from the Site (other than where this is a continuation of Marine Transit) within the territorial limits of the policy.

  • Contract Works Insurance provides insurance cover for risks that may occur during construction, typically risks that an operational building will not be exposed to.

  • Contract Works Insurance must be for the full insurable value of the Works and must extend until 4.00 pm on the Date of Practical Completion.

  • Due to their all-risks nature, even the standard versions of the material damage insurances EAR and CAR (or Contract Works Insurance) on which ALoP coverage is based provide a very broad scope of cover.

  • Any amount which becomes payable to the Contractor or any of his Sub-contractors as a result of a claim under the Contract Works Insurance shall, if required by the Employer, be paid net of the Deductible to the Employer, who shall pay the Contractor from the proceeds of such payment upon rectification, repair, or reinstatement of the loss or damage.

  • Progress Updates• It was RESOLVED to note the completion of construction, snagging undertaken, fire equipment installation and risk assessment undertaken, receipt of wheelie bins, air test completion, legionella risk assessment completion, fit out undertaken,• It was noted that Contract Works Insurance now expired.

  • Contract Works Insurance The Ministry provides contract works insurance at a minimal cost to the construction project at state schools.

Related to Contract Works Insurance

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • contract worker means a natural person who is —

  • Contract Work means everything required to be furnished and done by the Contractor by any one or more of the parts of the Contract referred to in Article 1, except Extra Work as hereinafter defined.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Casualty insurance means liability insurance.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • Property Insurance is defined in Section 6.10(a).

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Home improvement contractor or "contractor" means a person who sells goods and services, or agrees to furnish or render services, to a retail buyer pursuant to a home improvement installment contract, or sells goods and services to a retail buyer pursuant to a home improvement charge agreement, but not in connection with construction of new homes.

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Home improvement contract means an oral or written

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Third Party Equipment has the meaning given such term in Section 4.8 of this Agreement.