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SUMMARY OF COMBINED LIABILTIY INSURANCE
FOR “FAIR” PROJECT IN DARMSTADT
Insured: Facility for Antiproton and Ion Research in Europe GmbH (FAIR GmbH) Planckstraße 1 DE-64291 Darmstadt
Policy Number:
60236047966
Leading Insurer:
AXA Versicherung AG Colonia-Allee 10-20 51067 Köln
Insured Interests:
• Facility for Antiproton and Ion Research in Europe GmbH as the project company and builder
• GSI Helmholtzzentrum für Schwerionenforschung GmbH
• All planners and special experts involved in civil engineering (both above- and underground), including technical building equipment, as well as gardening and landscaping for the insured construction project ("Object") along with interface planning conducted by project planners and special experts with regard to the particle accelerator facility, in particular general plan- ner, architects, planning co-operations, engineers, project managers, project developers, project controllers, project steering experts and (test) structural engineers, safety coordina- tors, technical experts or other special experts or representatives as well as working co-op- erations; not insured are engineers and research institutes who are planning the particle ac- celerator plant as such ("Machine") as well as those planning the associated experiments.
• All general coordinating contractor, general contractors, principal-, secondary- and subcon- tractors, including working co-operations, who are commissioned to carry out work of the insured project.
• Freelancers for damages caused by these third parties in the exercise of activities in the interest of the Insured.
Suppliers, in particular those supplying building materials and components, are not covered by this insurance.
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Subject of the Insurance:
All services and activities related to the implementation of the following project: Planning, construction and erection of all constructions and facilities belonging to the FAIR project, consisting mainly of ring accelerator, system of storage rings and experimental sta- tions, all detectors, cryogenic equipment including refrigerants as well as connection and inte- gration into the already existing GSI accelerators as pre-accelerator.
Scope of Cover:
- General and product liability insurance
- Planning liability insurance
- Environmental liability insurance
- Environmental damage insurance
Extended Reporting Periods:
Next to the insured events that are reported during the term of this insurance contract, there is also insurance cover
• in the general and product liability insurance for losses which are reported up to 5 years after termination of the contract
• in the environmental liability insurance for losses which are ascertained not later than 3 years after the termination of the contract
• in the environmental damage insurance for losses which are ascertained no later than 5 years after the termination of the contract.
• in the planning liability insurance for breaches during the term of the policy, which are notified to the insurer no later than 5 years after termination of the contract
Period of Insurance:
Begins: 01.01.2018, 0.00 o‘clock (provisional date)
Ends: Reaching Milestone M12, latest 31.12.2025, 24.00 o‘clock
Milestone “M12“ means issuing the operating permit with beam for the regular opera- tion by the management of the FAIR GmbH, expected on 11.12.2025.
In the event that the Milestone M12 is not reached by 31.12.2025 or at the respective expected time, the Insured is entitled to a prolongation of the contract at the specified renewal premium rates each time until the expected reaching of M12.
With regard to architect and engineer services, the insurance cover also refers to the legal liability for such violations that were committed before the beginning of the insur- ance contract, but after 01.01.2008, if they were not known to the Insured until the conclusion of the contract (retrospective cover). Insofar as services are provided un- der this retrospective cover, the Insurer reserves the right to recourse against the Co- Insureds. The recourse to be applied to the insured event is limited by the extent of
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the professional indemnity insurance contract of the Co-Insured both by cause and amount.
For architects and engineers services in phases 8 and 9 of HOAI, the insurance con- tract - contrary to the previous regulations - only ends with the completion of these services.
Sums Insured:
General liability insurance includ- 300.000.000 EUR each insured event and in ing product-, environmental liabil- the total for all claims during ity- and environmental damage the Insured Period insurance
Planning liability insurance 75.000.000 EUR each insured event and in the total for all claims during the Insured Period AKB (general German insur- mandatory insured ance terms and conditions for amounts vehicle insurance)-additional cover
Sublimits:
General and product liability insurance • Loss of media / increase energy and water costs 5.000.000,00 EUR • Accompanying rectification losses 5.000.000,00 EUR • Loss of keys 5.000.000,00 EUR • Claims from discrimination 5.000.000,00 EUR • Property of personnel and visitors 2.500.000,00 EUR • Property damage of rented buildings 10.000.000,00 EUR • Property damage of rented third party aids/equipment 5.000.000,00 EUR • Loss prevention costs 20.000.000,00 EUR • Triggering of false alarm 5.000.000,00 EUR • Product financial losses 25.000.000,00 EUR
Planning liability insurance • Planning liability in general 75.000.000,00 EUR • Project steering / own deadlines 5.000.000,00 EUR
Environmental liability insurance • Environmental liability for other than fire/explosion losses 75.000.000,00 EUR • Loss from licensed operations in environmental liability 25.000.000,00 EUR • Expenses incurred before occurrence of insured event 20.000.000,00 EUR
Environmental damage insurance • Environmental damage insurance 10.000.000,00 EUR • Loss from licensed operations in environmental damage insurance 5.000.000,00 EUR • Additional covers (nos. 1 und 2 of German standard terms and conditions for environmental insurance) 2.000.000,00 EUR
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Self Insured Retention - Each Claim:
General liability-, including prod- 1.000.000,00 EUR each claim uct liability-, environmental liabil- ity – and environmental damage insurance (not for personal in- jury)
Planning liability insurance 2.000.000,00 EUR each claim
Insurance Terms and Conditions:
• Combined liability insurance • General terms and conditions for liability insurance (AHB- German standard terms and conditions) • General terms and conditions for vehicle insurance (AKB- German standard terms and conditions)
Insurance Broker of Project Policies:
LEUE & NILL GmbH + Co. KG Hohenzollernstr. 2 44135 Dortmund Tel.: 0231 - 5404 – 441 Fax: 0231 - 5404 - 440 E-Mail: info@leue.de
in co-operation with
GRS GmbH Deffnerstraße 3 73728 Esslingen Tel.: 0711 – 75874225
This summary is only intended for information purposes only. Scope or extent of the in- surance contracts are not extended or altered hereby.
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