Subcontractor Insurance Agreement Template for Saudi Arabia

1. Additional Insured Parties: Section for including other parties to be covered under the insurance policies, used when project involves multiple stakeholders

2. Professional Indemnity Insurance: Specific section for professional services coverage, required when subcontractor provides design or consulting services

3. Environmental Liability: Additional coverage requirements for environmental risks, needed for projects with environmental impact

4. Performance Bond Requirements: Details of performance bond requirements, included when additional security is needed

5. Islamic Insurance (Takaful) Provisions: Specific provisions for Sharia-compliant insurance, used when parties require Islamic insurance

6. Project-Specific Requirements: Additional insurance requirements specific to particular project types or locations

1. Schedule 1 - Minimum Insurance Requirements: Detailed list of required insurance types and minimum coverage amounts

2. Schedule 2 - Approved Insurance Providers: List of pre-approved insurance companies acceptable to the principal contractor

3. Schedule 3 - Claim Forms and Procedures: Standard forms and detailed procedures for making insurance claims

4. Schedule 4 - Premium Calculation Method: Detailed methodology for calculating insurance premiums

5. Appendix A - Certificate of Insurance Templates: Standard templates for insurance certificates to be provided

6. Appendix B - Risk Assessment Matrix: Risk assessment criteria and evaluation matrix

7. Appendix C - SAMA Compliance Checklist: Checklist ensuring compliance with Saudi Central Bank insurance regulations