1 Third Party Liability Insurance
Insured parties:
(a) the Authority;
(b) the Service Provider;
(c) the Senior Lenders;
(d) Sub-Contractors, Secondary Contractors and suppliers of any tier.
1.1 Interest: To indemnify the Insured in respect of all sums that they may become legally liable to pay (including claimant's costs and expenses) as damages in respect of accidental:
(a) death, bodily injury, illness or disease contracted by any person;
(b) loss or damage to property;
(c) interference to property or any easement right of air, light, water or way or the enjoyment or use thereof by obstruction, trespass, nuisance, loss of amenities, or any like cause,
happening during the period of insurance and arising out of or in connection with the Project and the provision of the Service.
1.2 Limit of Indemnity: Not less than [♦] pounds [£♦] in respect of any one (1) occurrence, the number of occurrences being unlimited, but in the aggregate in respect of pollution and products liability.
1.3 [Maximum Deductible: [♦] pounds [£♦] for each and every occurrence of property damage (escalated periodically as appropriate) (Personal injury claims will be paid in full).]
1.4 Territorial Limits: UK (and elsewhere in the world in respect of non manual visits).
1.5 Jurisdiction: UK (and elsewhere in the world in respect of non manual visits).
1.6 Period of Insurance: From the Service Commencement Date for the duration of the Contract and renewable on an annual basis unless agreed otherwise.
1.7 Cover Features & Extensions:
(a) munitions of war;
(b) cross liability clause;
(c) contingent motor; and
(d) legal defence costs.
1.8 Principal Exclusions:
(a) liability for death, illness, disease or bodily injury sustained by employees of the insured;
(b) liability arising out of the use of mechanically propelled vehicles whilst required to be compulsorily insured by legislation in respect of such vehicles;
(c) liability in respect of predetermined penalties or liquidated damages imposed under any contract entered into by the insured;
(d) liability in respect of loss or damage to property in the care, custody and control of the insured but this exclusion is not to apply to all property belonging to the Authority which is in the care, custody and control of another Insured Party;
(e) liability arising out of technical or professional advice (given for a fee) other than in respect of death or bodily injury to persons or damage to third party property;
(f) liability arising from the ownership, possession or use of any aircraft or marine vessel; and
(g) Liability arising from seepage and pollution unless caused by a sudden, unintended and unexpected occurrence.