Subcontractor Insurance Agreement Template for Malaysia

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Key Requirements PROMPT example:

Subcontractor Insurance Agreement

"I need a Subcontractor Insurance Agreement for a large-scale commercial construction project in Kuala Lumpur, with specific coverage requirements for high-rise building works and multiple subcontractors working simultaneously on site."

Document background
The Subcontractor Insurance Agreement is essential for construction and development projects in Malaysia where subcontractors are engaged for specialized work. This document is typically used when a main contractor needs to ensure that subcontractors maintain adequate insurance coverage as required by project specifications, local regulations, and risk management practices. The agreement addresses various types of insurance including worker's compensation, professional indemnity, and public liability, while ensuring compliance with Malaysian insurance and construction laws. It becomes particularly important in complex projects where multiple stakeholders are involved and risk management is crucial. The document helps protect all parties by clearly defining insurance obligations, coverage requirements, and claims procedures.
Suggested Sections

1. Parties: Identification of the main contractor and subcontractor, including their registered addresses and company details

2. Background: Context of the agreement, reference to main contract, and purpose of the insurance requirements

3. Definitions: Definitions of key terms used throughout the agreement, including insurance-specific terminology

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

5. Subcontractor's Obligations: Specific duties 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 making insurance claims and reporting incidents

8. Indemnification: Mutual indemnification provisions and liability allocation

9. Duration and Renewal: Term of insurance coverage requirements and renewal obligations

10. Compliance with Laws: Requirements to comply with Malaysian insurance and construction laws

11. Termination: Circumstances and procedures for terminating the agreement

12. Notices: Procedures for formal communications between parties

13. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

Optional Sections

1. Additional Insured Requirements: Specific provisions for naming additional parties as insured, used when project owner or other parties require coverage

2. Special Risk Coverage: Additional insurance requirements for specific project risks, included when project involves unusual or high-risk activities

3. Performance Bond Requirements: Requirements for performance bonds, included when additional security is needed

4. Cross-Indemnification: Specific cross-indemnification provisions, used in complex projects with multiple parties

5. Insurance Cost Allocation: Provisions for sharing or allocating insurance costs, used when cost-sharing arrangements are needed

6. Project-Specific Insurance Requirements: Additional requirements specific to particular projects or locations

Suggested Schedules

1. Schedule 1 - Required Insurance Policies: Detailed list and specifications of required insurance policies including minimum coverage amounts

2. Schedule 2 - Certificates of Insurance: Pro-forma certificates of insurance and requirements for documentation

3. Schedule 3 - Claims Procedures: Detailed procedures and forms for making insurance claims

4. Schedule 4 - Premium Payment Schedule: Payment schedule and terms for insurance premiums if relevant

5. Schedule 5 - Project-Specific Requirements: Any specific insurance requirements related to the particular project

6. Appendix A - Insurance Provider Requirements: Minimum requirements for acceptable insurance providers

7. Appendix B - Incident Reporting Forms: Standard forms for reporting incidents that may lead to claims

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Construction

Infrastructure

Real Estate Development

Oil & Gas

Mining

Manufacturing

Energy

Transportation

Industrial Development

Commercial Development

Relevant Teams

Legal

Risk Management

Procurement

Operations

Compliance

Health & Safety

Commercial

Construction Management

Project Management

Insurance

Relevant Roles

Project Manager

Construction Manager

Risk Manager

Insurance Coordinator

Contract Administrator

Legal Counsel

Procurement Manager

Site Supervisor

Operations Director

Compliance Officer

Health and Safety Manager

Project Director

Commercial 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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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