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Subcontractor Insurance Agreement for Hong Kong

Subcontractor Insurance Agreement Template for Hong Kong

A comprehensive legal agreement governed by Hong Kong law that establishes the insurance requirements and obligations between a main contractor and subcontractor. The document outlines specific insurance coverage requirements, liability limits, claims procedures, and risk allocation mechanisms in accordance with Hong Kong insurance regulations and construction industry standards. It ensures compliance with local statutory requirements while protecting all parties' interests through clearly defined insurance obligations and risk management procedures.

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Subcontractor Insurance Agreement

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What is a Subcontractor Insurance Agreement?

The Subcontractor Insurance Agreement is a crucial document used in Hong Kong construction and development projects to establish and regulate insurance obligations between main contractors and subcontractors. It is typically implemented when engaging subcontractors for specific project components that require dedicated insurance coverage. The agreement ensures compliance with Hong Kong's Insurance Ordinance, Employees' Compensation Ordinance, and other relevant regulations while providing clear guidelines for insurance requirements, coverage limits, claims procedures, and risk allocation. This document is essential for risk management and protecting all parties' interests in complex projects where multiple stakeholders are involved.

What sections should be included in a Subcontractor Insurance Agreement?

1. Parties: Identification of the main contractor and subcontractor, including full legal names and registered addresses

2. Background: Context of the agreement, reference to the main contract, and the need for insurance coverage

3. Definitions: Key terms used throughout the agreement, including types of insurance, project-specific terms, and relevant parties

4. Insurance Requirements: Detailed specification of mandatory insurance types, coverage limits, and duration requirements

5. Subcontractor's Obligations: Specific responsibilities of the subcontractor regarding insurance maintenance, premium payments, and compliance

6. Evidence of Insurance: Requirements for providing and maintaining proof of insurance coverage

7. Claims Procedure: Process for notification, handling, and cooperation in insurance claims

8. Indemnification: Mutual indemnification provisions and allocation of risks

9. Term and Termination: Duration of insurance requirements and circumstances for termination

10. General Provisions: Standard contractual provisions including notices, amendments, and governing law

What sections are optional to include in a Subcontractor Insurance Agreement?

1. Additional Insured Requirements: Specific provisions for naming additional parties as insured, used when project involves multiple stakeholders

2. Professional Indemnity Insurance: Required when subcontractor provides design or professional services

3. Environmental Liability: Include when work involves environmental risks or hazardous materials

4. Performance Bond Requirements: Used when additional security for performance is required

5. Cross-Liability Clauses: Include when multiple parties need to be covered under the same policy

6. Self-Insured Retention: Required when allowing subcontractor to maintain self-insurance for certain risks

7. Insurance Cost Allocation: Include when sharing or allocating insurance costs between parties

What schedules should be included in a Subcontractor Insurance Agreement?

1. Schedule 1 - Required Insurance Coverage: Detailed list of required insurance types, minimum coverage amounts, and deductibles

2. Schedule 2 - Approved Insurers: List of pre-approved insurance providers and their minimum rating requirements

3. Schedule 3 - Certificate of Insurance Forms: Standard forms for providing evidence of insurance coverage

4. Schedule 4 - Claims Reporting Forms: Standard forms and procedures for reporting insurance claims

5. Appendix A - Insurance Policy Requirements: Specific wording requirements for insurance policies

6. Appendix B - Risk Assessment Matrix: Assessment of project risks and corresponding insurance requirements

7. Appendix C - Emergency Contact Information: Contact details for insurance-related emergencies and claims

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions






































Clauses
































Relevant Industries

Construction

Engineering

Infrastructure Development

Real Estate

Manufacturing

Mining

Oil & Gas

Renewable Energy

Telecommunications

Marine & Offshore

Industrial Development

Relevant Teams

Legal

Risk Management

Operations

Procurement

Commercial

Compliance

Project Management

Insurance

Health and Safety

Claims

Contracts Administration

Relevant Roles

Contract Manager

Risk Manager

Insurance Coordinator

Project Manager

Legal Counsel

Compliance Officer

Construction Manager

Procurement Manager

Operations Director

Commercial Manager

Health and Safety Manager

Claims Manager

Project Director

Insurance Administrator

Subcontractor Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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