ABSTRACT
Insurance is the principle of many paying in for the few to be compensated. If the Client is to provide insurance, then the Project Manager submits certificates to the Contractor for acceptance before the starting date and as and when instructed by the Contractor. The Project Manager, on behalf of the Client should ensure that the Contractor has taken out and maintained the required insurances for the full period of its liability. The Client should consider its liabilities in respect of neighbouring owners who may be affected by the works and if necessary either instruct the Contractor to provide such insurance or take it out itself. Whether the Contractor or the Client takes out the insurances, they are always effected as a joint names policy, except the fourth insurance, which is Employers Liability Insurance. The effect of Joint Names Insurance is that each party has its own rights under the policy and can therefore claim against the insurer.
