Common use of Insurances to be effected Clause in Contracts

Insurances to be effected. Without limiting clause 31.1, the Contractor must (at its own cost) effect and maintain the insurance policies listed, and on the terms and conditions set out, in Schedule 4. The Principal reserves the right to review the certificates of currency for each of the insurance policies required under the Contract from time to time, and to require the Contractor to take out other insurances or insurances with different limits of cover, should: (a) it be required by Law; or (b) there be a material change in the Services and the Principal (acting reasonably) considers that the insurances are reasonably required having regard to the nature and extent of the change to the Services and the availability of the proposed insurances in the market at the time, in which case the change in Services and change to insurance cover will be part of an agreed Variation in accordance with clause 32.

Insurances to be effected. Without limiting clause 31.1, the Contractor must (at its own cost) effect and maintain the insurance policies listed, and on the terms and conditions set out, in Schedule 4. The Principal reserves the right to review the certificates of currency for each of the insurance policies required under the Contract from time to time, and to require the Contractor to take out other insurances or insurances with different limits of cover, should: (a) it be required by Law; or (b) there be a material change in the Services and the Principal (acting reasonably) considers that the insurances are reasonably required having regard to the nature and extent of the change to the Services and the availability of the proposed insurances in the market at the time, in which case the change in Services and change to insurance cover will be part of an agreed Variation in accordance with clause 32.