The phrase "various contingencies" refers to different unexpected situations or events that may happen. It means being prepared for different possibilities or outcomes that could occur. Full definition
It was helpful for my husband and I to work through the «what ifs» of various contingencies so that if we were asked about something, we would know what we wanted to answer. (attachmentparenting.org)
And while closing the power plants would have an affect on «generator deliverability,» or the ability for those regions to export power to others, PJM also noted that «transmission upgrades are required to preserve deliverability of all existing PJM capacity resources under various contingency conditions» — or, in other words, that investments are needed regardless of the closure plans. (greentechmedia.com)
They customize an insurance service to match the requirements of a customer thus covering various contingencies. (jobdescriptionandresumeexamples.com)