The private partner shall be required to meet minimum insurance requirements throughout the duration of the Privatization contract. These requirements will typically include, but are not limited to:
A. Design and Construction:
1. professional indemnity to cover design flaws or other professional service issues.
2. insurance during transportation to cover materials and equipment which will be used during construction (may also include marine cargo insurance).
3. construction all-risk or construction erection all-risk to cover all assets and operations on the site during construction of the project.
4. third-party liability insurance.
5. workers' compensation.
6. employer's liability.
7. consequential loss, to cover consequential losses due to delayed start-up, advance loss of profit, and business interruption, etc.
B. Operation:
1. all-risk insurance during operation, including, in particular, insurance of property damage during operations.
2. mechanical or electrical failure to cover failure and replacement of key equipment not covered by operational insurance.
3. third party liability insurance.
4. consequential loss.
5. environmental impact insurance.
6. supplementary and specialized insurances as appropriate to the specific project.