It is understood and agreed that Insurers will indemnify the Insured in respect of any expense liability loss claim or proceedings which the Employer may incur or sustain by reason of loss of or damage to any property caused by collapse subsidence heave vibration weakening or removal of support or lowering of ground water arising out of or in the course of or by reason of the carrying out of the Project and pay costs and expenses incurred with its written consent in the defence investigation or settlement of any claim hereunder.
Provided that:
- a) the liability of the Insurers shall not exceed any one occurrence the Limit of Indemnity specified below as applicable to this Endorsement.
- b) the Insurers will not be liable for loss or damage
- i) caused by the negligence omission or default of the contractor his servants or agents or of any sub-contractor his servants or agents
- ii) attributable to errors or omissions in the designing of the works
iii) which can reasonably be foreseen to be inevitable having regard to the nature of the work to be executed or the manner of its execution
- iv) for which cover is provided under any other policy effected for the benefit of the Employer
- v) damage to the works or to property of any kind brought on to the site of the Project for the purpose of the execution of the Project
- vi) any penalty under contract or any sum payable by way of damages for breach of contract.
Limit of Indemnity:
Excess:
All other terms Exceptions Memoranda and Conditions remain unaltered.
