7. Providing services for Industrial Canteen at ONGC Mangalore ...

25. INSURANCEOwner shall at its own cost and expense take out from a suitable insurance company andmaintain the following insurances, which shall beErection All risks Insurance (EAR) or Contractor's All Risks Insurance (CAR)The OWNER at his own cost has taken an "all risk" type insurance policy. These policies applyonly to insurance risks at site and to no other location. The CONTRACTOR shall be solely liablein the event of his and/or SUBCONTRACTOR's having caused any loss or damage of anynature arising out of or in connection with the execution of the WORK not covered under thosepolicies and shall indemnify the OWNER and /or his representative in respect of any claim inrespect of any such loss or damage. The CONTRACTOR shall make himself fully familiar withthe terms of the said policies and take such additional insurance as he may deem necessaryat his own cost.26. CONTRACTOR- FURNISHED INSURANCEInsurance Cover for Workmen:The contractor shall obtain adequate Insurance Policy in respect of his workmen to be engagedfor the work compulsorily towards compensations as admissible under the Workmen’sCompensation Act 1923, and Rules framed there under upon death/disablement of a workerand the same has to be produced to the Head ( HR) before start of the work.All workers whose salary is more than Rs 15,000/- per month need not to be covered by ESI.However, contractor to take insurance policy to cover the risk towards temporary disablementand permanent disablement for the workmen.CONTRACTOR shall at his cost and expense take out from a suitable insurance companyacceptable to owner and maintain for the entire period until ACCEPTANCE OF WORKS or untilsuch time thereafter as the CONTRACTOR may consider appropriate the following insurances.(1) Workmen's Compensation Insurance (WCI)This insurance shall confirm to and satisfy all the requirements of the applicable lawsand regulations of the country, state territory or province having jurisdiction over theCONTRACTOR 's employees engaged in the WORKS.(2) Employer's Liability Insurance (ELI)The insurance shall cover the liability of the CONTRACTOR as employer, for compensationbeyond the coverage of the Workmen's Compensation Insurance for bodily injury to orloss of life the CONTRACTOR's employees while engaged in the WORKS.(3) Third Party Liability Insurance (TPL)This insurance shall cover legal liability for bodily injury to loss of life of and/or damageto and loss of properties of the third person party arising out of the performance by theCONTRACTOR of the works.(4) Automobile Liability Insurance (ALI)This insurance shall cover all the CONTRACTOR's liabilities in connection with use by theCONTRACTOR for the WORKS of any mobile equipment and automobile and when usedwhich are owned, non-owned hired and otherwise placed under the CONTRACTOR'sadministration and control, for bodily injury to loss of life of and/or property damage ofany person or party.(5) Movable All Risks Insurance (MRI)This insurance shall cover the damage to and/or loss of the CONSTRUCTION EQUIPMENTincluding watercraft and aircraft and further including the CONTRACTOR's TEMPORARYWORKS, owned, non-owned, hired or otherwise placed under the CONTRACTOR'sadministration and control with the full replacement value coverage for each and everyoccurrence.(6) Other InsurancePage 34 of 74