(a) The Owner Participant must effect a combined general liability insurance policy in the names of the Owner Participant, the NOPs and Subcontractors, whether nominated or otherwise for their respective rights and interests and liabilities, for an amount not less than $[insert] arising from any one occurrence in respect of:
(1) death of or personal injury (including illness) to any person not being a person who at the time of the occurrence is engaged in or upon the service of the insured under a contract of service or apprenticeship; and
(2) damage to property not belonging to nor in the care, custody or control of the insured, caused by an event occurring during the period of insurance arising out of or in the course of or by reason of the performance or purported performance of the Works.
(b) The insurance referred to in this clause 1.2 of this Schedule must commence on the date of commencement of the Works and continue until the expiration of the Term.