The Principal agrees, throughout the term of this Agreement, at its own expense and without limiting its liabilities under this Agreement, to:

(i) insure its operations under a contract of general civil liability, with a first rate insurer [optional: licensed in [country to be completed]], to the amount of EUR [Specify]agreed under Article [specify Liability Cap Clause];

(ii) present an annual certificate of the insurance to the Subcontractor;

(iii) require that all insurance shall be endorsed to provide Subcontractor with 30 days advance written notice of cancellation or material change.

The Subcontractor agrees, throughout the term of this Agreement, at its own expense and without limiting its liabilities under this Agreement, to:

(i) insure its operations under a contract of general civil liability, with a first rate insurer [optional: licensed in [country to be completed]], to the amount of EUR [Specify]agreed under Article [specify Liability Cap Clause];

(ii) present an annual certificate of the insurance to the Principal;

(iii) require that all insurance shall be endorsed to provide Principal with 30 days advance written notice of cancellation or material change.