The Insurance requirements and structure must be considered on a project specific basis. Subject to the nature and complexity of the Project and any customised solutions presented by Respondents, project specific considerations may include:
• the use of group policies of the Key Subcontractors;
• the need for professional indemnity insurance during the Operational Phase will depend on the nature of Services (specifically whether it will include professional service);
• other project specific insurances which may be required by the State (such as Pollution insurance);
• Insurance Review Date for benchmarking; and
• whether the State is better placed to procure certain insurances. This will typically depend on the extent to which the State insures other assets that interface with the Project Assets. For example, on rail projects, if the State already insures other interfacing assets such as rolling stock and the rail network, it may be preferable for the State to insure Project Assets to avoid double insurance and subrogation issues. Procuring agencies should consult DTF if State procured insurance is proposed for a project.