
Table 12.3 Anticipated project insurance coverages.
Milestone for policy
Inception Insurance coverage Purpose General level of coverage Cost basis Who provides the policy
Project
Development
General Liability Protects from losses
arising out of your
legal liability to third
parties
$1m per occurrence Construction:
Project Cost
Operational: MW
Output of Facility
The Project and All
Contractors. Contractors
should be primary especially
during construction
Automobile Liability Protects from
losses arising from
owning or operating
an automobile
$1m per occurrence Cost per vehicle
or hire
The Project and
All Contractors.
Umbrella Liability Provides higher limits
of liability ...