Construction Insurance definition

Construction Insurance means the insurance contemplated under GC 11.1 - INSURANCE of the Construction Contract.
Sample 1Sample 2Sample 3
Construction Insurance means all insurance customarily maintained by prudent owners in connection with the construction of a facility similar to the Seller’s Plant, including course of construction insurance.
Sample 1Sample 2Sample 3
Construction Insurance means the insurance coverage applicable to Design and Construction Work for the NWRRDS, procured and maintained as provided in Section 15 and Exhibit D.
Sample 1

Examples of Construction Insurance in a sentence

  • Contractor shall keep insurance in force during warranty and guarantee periods, except that Contractor may discontinue All-Risk Course of Construction Insurance after Final Payment.

  • Infrastructure Ontario may determine that certain construction insurance to be provided during the Works phase under the Project Agreement will be obtained under the Infrastructure Ontario Construction Insurance Program (“ IOCIP”).

  • Loss Payee Status – Builder’s Risk/Course of Construction Insurance (applicable to Construction Contracts only) Contractor or Consultant may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage.

  • All-Risk Course of Construction Insurance including damage to property owned by District, Contractor or third parties caused by fire.

  • Course of Construction Insurance providing coverage for all "risks" of loss in the amount of the completed project value.

  • Builder’s Risk (Course of Construction): Insurance utilizing an “All Risk” (Special Perils) coverage form, with limits equal to the completed value of the project and no coinsurance penalty provisions.

  • Contractor/Consultant Signature Builder’s Risk (Course of Construction): Insurance utilizing an “All Risk” (Special Perils) coverage form, with limits equal to the completed value of the project and no coinsurance penalty provisions.

  • All-Risk Course of Construction Insurance including damage to property owned by Owner, Contractor or third parties caused by fire.

  • Infrastructure Ontario may determine that certain construction insurance to be provided during the Works phase under the Project Agreement will be obtained under the Infrastructure Ontario Construction Insurance Program (“ IOCIP”), as set out in the RFP Data Sheet.

  • Builder’s Risk (Course of Construction) Insurance Contractor may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage.


More Definitions of Construction Insurance

Construction Insurance means all insurance customarily maintained by prudent owners in connection with the construction of a facility similar to the Incremental Seller’s Plant, including course of construction insurance.
Sample 1
Construction Insurance means the following insurance policies covering the Construction Facilities: (i) hazard or builder's risk insurance with an extended coverage endorsement acceptable to the Purchaser in an amount equal to the full replacement cost of the Construction Facilities, and (ii) comprehensive public liability insurance insuring against bodily injury and property damage, and which shall contain an endorsement in favor of Purchaser or name Purchaser as first loss payee, as the case may be, and shall require written notification to Purchaser not less than thirty (30) days before cancellation or expiration and shall not permit amendment or modification without Purchaser's prior written consent. The Construction Insurance may be consolidated in one insurance policy at Sellers' option. The builder's risk policy must be written on an all-risk basis and on a completed-value form (non-reporting basis) for the full replacement cost of the Improvements. Upon Purchaser's request, Sellers shall deliver to Purchaser a certificate of insurance addressed to Purchaser evidencing worker's compensation and public liability insurance of the construction manager or general contractor, as the case may be, for the Construction Facilities.
Sample 1

Related to Construction Insurance

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Guaranteed automobile protection insurance means insurance offered in

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

  • Construction industry means the work activity designated in sector group 23 - construction of the North American classification system - United States Office of Management and Budget, 1997 edition.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

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

  • 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.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • 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 in an aggregate amount acceptable to Seller’s regulators.

  • Construction, panel, and floor covering adhesive means any one-component adhesive that is designed exclusively for the installation, remodeling, maintenance, or repair of:

  • Casualty insurance means liability insurance.

  • Building Contractor means the building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction sign means a sign which identifies the architect, engineers, contractors and other individuals or firms involved with the construction of a building, or announces the character of the building or enterprise, which is erected during the building construction period.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

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

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Installation inspector means a person who, by reason of his knowledge of the physical sciences and the principles of engineering, acquired by a professional education and related practical experience, is qualified to supervise the installation of tank systems.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

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

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.