My client's "standard" IT Contract includes a clause requiring me to take out fire insurance (no sum insured specified). Another contractor has asked for this clause to be struck out or modified, but has been refused. Since I have no direct insurable interest in my client's buildings, I think this clause is unreasonable - indeed impossible to comply with. I could understand a requirement for third party liability insurance. Has anyone come across this before, and what should I do about it, if anything?
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Fire insurance requirement?
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