It’s important to note, additionally to the CPA Terms and Conditions of Hire, for the duration of the hire period the Hirer shall, at its own expense, obtain and maintain the following insurances:
insurance of the Plant to a value not less than their full replacement value comprehensively against all usual risks of loss, damage or destruction by fire, theft or accident, and such other risks as the Owner may from time to time nominate in writing;
insurance for such amounts as a prudent owner or operator of the Plant would insure for, or such amount as the Owner may from time to time reasonably require, to cover any third party or public liability risks of whatever nature and however arising in connection with the Plant; and
insurance against such other or further risks relating to the Plant as may be required by law, together with such other insurance as the Owner may from time to time consider reasonably necessary and advise to the Hirer.