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Insurance and risk

Suppliers are required to have insurance at a value appropriate to the likely maximum damage that they could potentially cause ANSTO.

Standard classes of insurance include public liability, property damage, product liability and professional indemnity. As a guide, the contractor should ensure that throughout the term of the contract it is insured with, or is the beneficiary under an appropriate insurance policy such as:

  1. a broad form public liability insurance to the value of at least $10 million per occurrence
  2. where the Contractor supplies Services, professional indemnity insurance to the value of at least $10 million in respect of each claim arising from or in relation to the Contractor’s performance of the Contract;
  3. where the Contractor supplies Products, product liability insurance to the value of at least $10 million in respect of each claim arising from or in relation to the Contractor’s performance of the Contract; and
  4. the contractor must have workers compensation insurance in place in accordance with prevailing New South Wales law

Contractors will be required to produce evidence of insurances to ANSTO in the form of a Certificate of Insurance. In some circumstances ANSTO may require that it be named as an additional insured.

NOTE - ANSTO will generally not agree to clauses that ‘waiver rights of subrogation’, ‘hold harmless’, or requests an indemnification regardless of fault. ANSTO’s insurers will not allow third parties to be named on its policies. Any requests or variations to insurance clauses need approval by ANSTO Legal.

An appropriate risk assessment of the proposed solution and selected respondent is undertaken to ensure that ANSTO is not exposed to unacceptable risks from the proposed contract.