Indemnity to principals - Revision history

Designing Buildings at 06:59, 6 October 2020

2020-10-06T06:59:51Z

← Older revision		Revision as of 06:59, 6 October 2020
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	Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.		Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.

	The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out if a claim is made against the principal as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.		The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out if a claim is made against the principal as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.

−	= ~~Find out more~~ =	+	= Related articles on Designing Buildings Wiki =

−	~~=== Related articles on Designing Buildings Wiki ===~~	+	* 3D animation for insurance risk analysis.
−	*3D animation for insurance risk analysis.	+	* Building Users' Insurance Against Latent Defects.
−	*Building Users' Insurance Against Latent Defects.	+	* Contractors' all-risk insurance.
−	*Contractors' all-risk insurance.	+	* Contract works insurance.
−	*Contract works insurance.	+	* Directors and officers insurance.
−	*Directors and officers insurance.	+	* Employers’ liability insurance
−	*Employers’ liability insurance	+	* Flood insurance.
−	*Flood insurance.	+	* Insurance for building design and construction.
−	*Insurance for building design and construction.	+	* Integrated project insurance.
−	*Integrated project insurance.	+	* Latent defects insurance.
−	*Latent defects insurance.	+	* Legal indemnities.
−	*Legal indemnities.	+	* Professional Indemnity Insurance.
−	*Professional Indemnity Insurance.	+	* Public liability insurance.
−	*Public liability insurance.	+	* Residual value insurance.
−	*Residual value insurance.	+

−	[[Category:Client_procedures]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Client_procedures]] [[Category:Contracts_/_payment]]
−	[[Category:Contracts_/_payment]]	+

Designing Buildings at 08:17, 12 September 2014

2014-09-12T08:17:41Z

← Older revision		Revision as of 08:17, 12 September 2014
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	Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.		Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.

−	The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out ~~to the principal~~ if a claim is made against ~~them~~ as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.	+	The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out if a claim is made against the principal as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.

	= Find out more =		= Find out more =

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2014-09-12T08:16:11Z

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Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.

The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out to the principal if a claim is made against them as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.

= Find out more =

=== Related articles on Designing Buildings Wiki ===
*3D animation for insurance risk analysis.
*Building Users' Insurance Against Latent Defects.
*Contractors' all-risk insurance.
*Contract works insurance.
*Directors and officers insurance.
*Employers’ liability insurance
*Flood insurance.
*Insurance for building design and construction.
*Integrated project insurance.
*Latent defects insurance.
*Legal indemnities.
*Professional Indemnity Insurance.
*Public liability insurance.
*Residual value insurance.

[[Category:Client_procedures]]
[[Category:Contracts_/_payment]]