9.1  Are insurances for PFI/PPP arrangements typically the responsibility of the public or private sector?

The arrangements for insuring PFI/PPP projects have generally followed the approach taken in Great Britain on similar projects in that for the most part, it is the responsibility of the private sector to take out and maintain the project insurances. Where the public sector is required to take out certain insurances, it has been the case in the past that public sector bodies have elected to self-insure. It has been noted that the availability of insurance in Northern Ireland is not as extensive as that which may be found in the market in Great Britain. Moreover, some insurers will not provide cover for risks in Northern Ireland, even if such cover is available elsewhere.