Project Co must procure and maintain, or cause to be procured and maintained, for the duration of the Development Phase and for any extended period of cover applicable to a Development Phase Insurance as detailed in the Insurance Schedule:
(a) (Development Phase Insurances): the Development Phase Insurances; and
(b) (additional insurances): any additional insurance which a prudent developer and prospective operator would procure and maintain when undertaking works or carrying out activities of a similar nature to the Development Activities.
[Note: Insurance Schedule to require Construction All Risks Insurance to be held until Final Acceptance.]