5  Insurance

5.1  The Consultant hereby covenants with the Authority to:

5.1.1  take out Professional Indemnity insurance cover with a limit of indemnity of not less than £[**                   ] million for any one occurrence or series of occurrences arising out of any one event in relation to the Works and that it will maintain such insurance with reputable insurers carrying on business in the European Union from the date hereof until twelve (12) years after practical completion of the Works, provided that such insurance is generally available in the market to members of the Consultant's profession at commercially reasonable rates and (for the avoidance of doubt), provided further that payment of any increased or additional premiums required by insurers by reason of the Consultant's own claims record or other acts, omissions, matters or things peculiar to the Consultant will be deemed to be within the reasonable rates.

5.1.2  provide evidence (as and when reasonably required by the Authority) satisfactory to the Authority of the Professional Indemnity insurance (referred to in clause 3.1) being in full force and effect from the date of the Appointment (such evidence to include details of the cover).

5.1.3  provide the Authority with copies of all notices under the Professional Indemnity Insurance (referred to in clause 3.1) relating to the Works;

5.1.4  provide the Authority with notice of:

5.1.4.1  any cancellation of the Professional Indemnity Insurance (referred to in clause 3.1) not less than ninety (90) days prior to the relevant cancellation date;

5.1.4.2  any material changes to or suspension of cover relevant to the Works;

5.1.4.3  any event of which it becomes aware, or of which it could reasonably be expected to become aware, which may vitiate the Professional Indemnity Insurance;

5.1.4.4  any act, omission or event which may adversely affect the terms and the scope of the Professional Indemnity Insurance relevant to the Works or invalidate or render it unenforceable;

5.1.4.5  provide such information to the Authority as the Authority may reasonably require in relation to any claim or circumstance notified to it under the Professional Indemnity Insurance in respect of the Works and any potential breach to the aggregate limit of the policy;

5.1.4.6  disclose to the relevant insurers any matters which could reasonably be expected to be material in the context of the Works or any part of the Works;

5.1.4.7  indemnify the Authority in respect of any subrogation claim by the insurers brought in connection with any claim made under the Professional Indemnity Insurance; and