Indemnity to principals
Indemnity to principals provisions in contractor’s insurance policies provide cover for the client (the principal) in the event that the contractor is negligent and this results in a claim against the client. This may be a requirement of a construction contract, and contractors must check with their insurers that their policy include this sort of provision for the type of project that they are undertaking.
The requirement may be satisfied by a separate indemnity, or by extending the contractor’s own policy to indemnify the principal as if they were the insured, in which case, the policy will pay out if a claim is made against the principal as a result of work carried out by the contractor, as if the claim was being made against the contractor themselves.
[edit] Related articles on Designing Buildings Wiki
- 3D animation for insurance risk analysis.
- Building Users' Insurance Against Latent Defects.
- Contractors' all-risk insurance.
- Contract works insurance.
- Directors and officers insurance.
- Employers’ liability insurance
- Flood insurance.
- Insurance for building design and construction.
- Integrated project insurance.
- Latent defects insurance.
- Legal indemnities.
- Professional Indemnity Insurance.
- Public liability insurance.
- Residual value insurance.
Featured articles and news
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
New project and cultural district described in detail.
The nature of EPCs, crticism and inaccuracies.
History, issues and redesign.
From waste recycling to energy performance the hierchy.
An introduction to WERCS and WEEE responsibilities
Dealing 2 million tonnes of waste equipment a year.
Global BACS Market: analytics and optimisation
A BSRIA glance at building automation and control systems.
What it is and how to use it.
Types of insulating plaster by binder and insulant.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.