Concessionaire’s Coverage Clause Samples
The Concessionaire’s Coverage clause requires the concessionaire to obtain and maintain specific types of insurance coverage throughout the duration of the concession agreement. This typically includes policies such as general liability, property damage, and workers’ compensation, with coverage limits and terms defined by the contract. By mandating adequate insurance, the clause ensures that financial risks associated with accidents, damages, or third-party claims are managed, thereby protecting both the concessionaire and the contracting authority from unforeseen liabilities.
Concessionaire’s Coverage. Upon Manager granting any leases, licenses or concessions in accordance with the provisions of this Agreement, Manager shall require such tenants, licensees or concessionaires to carry such insurance as is normal and customary for the relevant tenant, licensee or concessionaire, and to furnish certificates evidencing such insurance in such reasonable amounts as may be specified in the lease, license or concession or otherwise agreed upon between Manager and the tenant, licensee and concessionaire.