Tenant’s Insurance Coverages Sample Clauses
The Tenant’s Insurance Coverages clause requires the tenant to obtain and maintain specific types and amounts of insurance during the lease term. Typically, this includes general liability insurance, property insurance for the tenant’s belongings, and sometimes additional coverages such as workers’ compensation or business interruption insurance. By mandating these coverages, the clause ensures that both the landlord and tenant are protected from financial losses arising from accidents, property damage, or other risks associated with the tenant’s use of the premises.
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Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance:
(a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease.
(b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.
Tenant’s Insurance Coverages. Effective as of the earlier of: (i) the date Tenant enters or occupies the Premises; or (ii) the Commencement Date, and continuing throughout the Term, Tenant shall maintain the following insurance policies: (A) commercial general liability insurance of not less than $3,000,000 per occurrence, with an annual aggregate limit of not less than $5,000,000, which shall apply on a per location basis, or, following the expiration of the initial Term, such other amounts as Landlord may from time to time reasonably require (and, if the use and occupancy of the Premises include any activity or matter that is or may be excluded from coverage under a commercial general liability policy [e.g., the sale, service or consumption of alcoholic beverages], Tenant shall obtain such endorsements to the commercial general liability policy or otherwise obtain insurance to insure all liability arising from such activity or matter [including liquor liability, if applicable] in such amounts as Landlord may reasonably require), insuring Tenant, Landlord, Harvest, Cerberus and the Property Manager against all liability for injury to or death of a person or persons or damage to property arising from the use and occupancy of the Premises, with an additional insured endorsement in form CG 2026 04/13 (or another equivalent form approved in writing by Landlord); (B) Automobile Liability covering any owned, non-owned, leased, rented or borrowed vehicles of Tenant with limits no less than $1,000,000 combined single limit for property damage and bodily injury, naming Landlord, Harvest, Cerberus and the Property Manager as additional insureds; (C) Special Risk Property insurance, which shall include protection against loss or damage from earthquakes, covering the full value of all (x) Alterations installed by Tenant pursuant to Section 8(a) and (y) all furniture, trade fixtures and personal property in the Premises or otherwise placed on the Project by or on behalf of a Tenant Party; (D) contractual liability insurance sufficient to cover Tenant’s indemnity obligations hereunder (but only if such contractual liability insurance is not already included in Tenant’s commercial general liability insurance policy); (E) worker’s compensation insurance in amounts not less than statutorily required, and Employers’ Liability insurance with limits of not less than $1,000,000; (F) business interruption insurance in an amount that will reimburse Tenant for all direct or indirect loss of income attributab...
Tenant’s Insurance Coverages. FOAF shall purchase and maintain for the duration of ▇▇▇▇’s occupancy of the Leased Premises the following insurance. FOAF shall obtain the minimum insurance coverages described below from a company or companies with an A.M. Best rating of A- (VII) or better. The insurance policies shall protect the Town from claims that may arise out of or result from, or may be alleged to arise out of or result from, FOAF’s obligations under this Lease and/or from the obligations of any other person or entity directly or indirectly employed by FOAF and/or by anyone for whose acts said FOAF may be liable. FOAF must require that all contractors, agents and assigns procure and maintain sufficient insurance protection. Before the execution of this Lease by the Town, FOAF shall provide the Town with certificates of insurance for each policy required by this Lease. FOAF shall provide updated certificates of insurance at least thirty (30) days before any renewal of any such coverage. The certificates shall require notice of cancellation to the Town according to policy provisions. The Town reserves the right, from time to time, upon Notice to FOAF, to make reasonable adjustments to the insurance coverage limits indicated below.
Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord requires Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least fifteen (15) days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with a certificate of insurance, as Landlord may request under the provisions of this Section, possession of the premises will not be delivered to Tenant. Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance.
Tenant’s Insurance Coverages. Tenant shall, at all times during the Term of this Lease and at ▇▇▇▇▇▇’s sole cost and expense, obtain and keep in force the insurance coverages and amounts set forth in this Section 8.2.
(a) Tenant shall maintain commercial general liability insurance, including contractual liability, broad form property damage liability, fire legal liability, premises and completed operations, and medical payments, with limits not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) general aggregate, insuring against claims for bodily injury, personal injury and property damage arising from the use, occupancy or maintenance of the Premises. Tenant shall maintain business auto liability insurance with limits not less than One Million Dollars ($1,000,000) per accident covering owned, hired and non-owned vehicles used by Tenant. Tenant shall maintain umbrella or excess liability insurance with limits not less than Three Million Dollars ($3,000,000) per occurrence and general aggregate. Tenant shall carry workers’ compensation insurance for all of its employees in statutory limits in the state in which the Premises is located. Tenant shall maintain property insurance for all personal property of Tenant in an amount not less than the full replacement cost. Any deductibles selected by Tenant shall be the sole responsibility of Tenant.
(b) Tenant shall maintain “all-risk” (now referred to as special form causes of loss) property insurance covering Tenant’s moveable furniture, equipment, trade fixtures, signage, cameras, computers, office machines and other personal property located within the Premises, and any alterations or improvements made by Tenant to the interior of the Premises following the Commencement Date, against loss or damage resulting from fire and other insurable loss. Such insurance shall be in such amounts as Tenant may deem appropriate in its sole and absolute discretion. Tenant shall not be required to carry flood or earthquake or windstorm insurance.
(c) All insurance and all renewals thereof shall be issued by companies with a rating of at least “A-” “VIII” or better in the current edition of Best’s Insurance Reports and be licensed to do and doing business in the state in which the Premises is located. Any policy required to be maintained hereunder by Tenant may be maintained under a so-called “blanket policy”, insuring other parties and other locations, so long as the amount of insurance to be provided hereunder ...
Tenant’s Insurance Coverages. Tenant will maintain Tenant’s Insurance Coverages at all times during the Term. Tenant’s Insurance Coverages shall be maintained with an insurance carrier authorized to underwrite insurance in the State of Connecticut and Approved of in advance by Landlord, Landlord’s Approval not to be unreasonably withheld. Tenant’s Insurance Coverages shall be written on an occurrence basis. Tenant shall cause Landlord to be named as an additional insured on Tenant’s public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant’s property insurance policy. Tenant shall provide Landlord (prior to entry into the Leased Premises by any Tenant employee or contractor) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least thirty (30) days advance Notice is provided to Landlord. If Tenant fails to procure Tenant’s Insurance Coverages or provide Landlord with a certificate of insurance, Landlord may procure, but without any obligation to do so, any Tenant’s Insurance Coverages and Tenant will pay Landlord the reasonable cost of the Tenant Insurance Coverages. “Tenant’s Insurance Coverages” means the following insurance coverages.