Insurance Clause Example with 4 Variations from Business Contracts
This page contains Insurance clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Insurance. Subtenant shall maintain (at a minimum) the insurance coverage required by the Master Lease in the form and subject to the requirements contained therein. The minimum limits of policies of insurance required of Subtenant under this Sublease shall in no event limit the liability of Subtenant under this Sublease. In addition to the insurance requirements set forth in the Master Lease, such insurance shall: (a) name Sublandlord, Master Landlord and any other party Sublandlord so specifies, as an ad...ditional insured or loss payee; (b) be issued by an insurance provider licensed to do business in the province in which the Sublease Premises is located having a rating of not less than A-VIII in Best's Insurance Guide or which is otherwise acceptable to Sublandlord; (c) be primary insurance as to all claims thereunder and provide that any insurance carried by Sublandlord or Master Landlord is excess and is non-contributing with any insurance requirement of Subtenant; (d) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given to Sublandlord and Master Landlord; and (e) have deductible amounts not to exceed $5,000.00. Notwithstanding the foregoing, Sublandlord may require Subtenant to conform, with respect to the Sublease Premises, to such additional and/or greater insurance requirements as may be required from time to time under the Master Lease or by the Master Landlord. Subtenant shall deliver said policy or policies or certificates thereof to Sublandlord on or before the Commencement Date and at least thirty (30) days before the expiration dates thereof. If Subtenant shall fail to procure such insurance, or to deliver such policies or certificate, within such time periods, Sublandlord may, at its option, in addition to all of its other rights and remedies under this Sublease, and without regard to any notice and cure periods set forth in this Sublease, procure such policies for the account of Subtenant, and the cost thereof shall be paid to Sublandlord as Sublease Additional Rent within ten (10) days after delivery of bills therefor. 6 Subtenant agrees to have its insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have against Sublandlord and/or Master Landlord. Subtenant hereby waives any right or claim that it may have against Sublandlord on account of any loss or damage to its property to the extent such loss or damage is insurable under policies of insurance for fire and all risk coverage, theft, public liability, or other similar insurance. Subtenant shall carry and maintain during the entire Sublease term, at Subtenant's sole cost and expense, increased amounts of the insurance required to be carried by Subtenant pursuant to this Section 13, and such other reasonable types of insurance coverage and in such reasonable amounts covering the Sublease Premises and Subtenant's operations therein, as may be reasonably requested by Sublandlord or Master Landlord from time to time.View More
Variations of a "Insurance" Clause from Business Contracts
Insurance. Subtenant Subtenant, at Subtenant's sole cost and expense, shall maintain (at a minimum) for the insurance coverage required by the Master Lease in the form benefit of Sublandlord and subject to the requirements contained therein. The minimum limits of Prime Landlord such policies of insurance (and in such form) as are required of Sublandlord by the Prime Lease with respect to the Sublease Premises during Subtenant's use and occupancy thereof, including, without limitation, Section 10 of the Ori...ginal Lease, which policies shall be reasonably satisfactory to Sublandlord as to coverage and insurer, provided that Subtenant under this shall, at its sole cost and expense, maintain during the Sublease shall Term each of the following insurance policies, as follows: (a) commercial general liability insurance, including blanket contractual liability, with limits of not less than $1 Million per occurrence and $2 Million in no event limit the liability aggregate, protecting Sublandlord, Prime Landlord and Subtenant against all claims and liabilities for injury or damage to persons or property occurring in, on or about the Sublease Premises or the Building, caused by or resulting from or in connection with any act or omission of Subtenant under and/or Subtenant's employees, agents, contractors, licensees or invitees, (b) commercial automotive liability with limits of not less than $1 Million per occurrence, (c) property insurance covering all of Subtenant's property located on or about the Premises or Building, and (d) Subtenant worker's compensation insurance with at least statutory minimum required limits. Each of the aforesaid Subtenant's insurance policies shall be upon terms and conditions as approved by Sublandlord, provided however Subtenant agrees to maintain such policies with insurers and with amounts, forms, terms, conditions and endorsements which shall be in compliance with the requirements of the Prime Lease should the Prime Lease requirements exceed those required in this Sublease. In addition Sublease; and shall contain an endorsement on all such policies that insurer shall provide at least thirty (30) days prior written notice to the Sublandlord of material changes in terms of insurance requirements set forth in the Master Lease, such or cancellation thereof, which shall be written with insurance shall: (a) name Sublandlord, Master companies reasonably acceptable to Landlord and any other party Sublandlord so specifies, as an additional insured or loss payee; (b) be issued by an insurance provider and licensed to do business in the province in which state where the Sublease Premises is located having a rating of not less than A-VIII in Best's Insurance Guide or which is otherwise acceptable to Sublandlord; (c) be primary insurance as to all claims thereunder located. Subtenant shall include Sublandlord, Prime Landlord and provide that any insurance carried other parties required by Sublandlord or Master Landlord is excess and is non-contributing with any as "additional insureds" on all liability insurance requirement of Subtenant; (d) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given to Sublandlord and Master Landlord; and (e) have deductible amounts not to exceed $5,000.00. Notwithstanding the foregoing, Sublandlord may require Subtenant to conform, with respect to the Sublease Premises, to such additional and/or greater insurance requirements as may be required from time to time under the Master Lease or by the Master Landlord. Subtenant shall deliver said policy or policies or certificates thereof to Sublandlord on or before the Commencement Date and at least thirty (30) days before the expiration dates thereof. If Subtenant shall fail to procure such insurance, or to deliver such policies or certificate, within such time periods, Sublandlord may, at its option, in addition to all of its other rights and remedies under this Sublease, and without regard to any notice and cure periods set forth in this Sublease, procure such policies for the account of Subtenant, and the cost thereof shall be paid to Sublandlord as Sublease Additional Rent within ten (10) days after delivery of bills therefor. 6 Subtenant agrees to have its insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have against Sublandlord and/or Master Landlord. Subtenant hereby waives any right or claim that it may have against Sublandlord on account of any loss or damage to its property to the extent such loss or damage is insurable under policies of insurance for fire and all risk coverage, theft, public liability, or other similar insurance. Subtenant shall carry and maintain during the entire Sublease term, at Subtenant's sole cost and expense, increased amounts of the insurance required to be carried maintained by Subtenant pursuant Subtenant, shall provide for a waiver of subrogation against Sublandlord and Prime Landlord on all property insurance policies required to this Section 13, be maintained by Subtenant, shall provide Sublandlord and Prime Landlord with duplicate originals of all policies and endorsements or a certificate thereof, and shall provide Sublandlord notices and other documents provided to Prime Landlord in satisfaction of the requirements of the Prime Lease at such other reasonable types of insurance coverage and in such reasonable amounts covering time as the Sublease Premises and Subtenant's operations therein, as may be reasonably requested by Sublandlord or Master Landlord from time same are provided to time. the Prime Landlord. View More
Insurance. Subtenant shall shall, throughout the term of this Sublease and any renewal or extension hereof, and at its own expense, keep and maintain (at a minimum) in full force and effect, the insurance coverage required by the Master Lease in the form forms and subject to the requirements contained therein. The minimum limits of policies types of insurance required of Subtenant under this Sublease shall in no event limit the liability of Subtenant under this Sublease. In addition to the insurance requir...ements set forth in the Master Lease, such insurance shall: (a) name Sublandlord, Master Landlord and any other party Sublandlord so specifies, as an additional insured or loss payee; (b) be issued by an insurance provider licensed to do business in the province in which the Sublease Premises is located having a rating of not less than A-VIII in Best's Insurance Guide or which is otherwise acceptable to Sublandlord; (c) be primary insurance as to all claims thereunder and provide that any insurance carried by Sublandlord or Master Landlord is excess and is non-contributing with any insurance requirement of Subtenant; (d) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given to Sublandlord and Master Landlord; and (e) have deductible amounts not to exceed $5,000.00. Notwithstanding as the foregoing, Sublandlord may require Subtenant to conform, with respect to the Sublease Premises, to such additional and/or greater insurance requirements as may be required from time to time lessee under the Master Lease or by the Master Landlord. Lease. Subtenant shall deliver said policy or policies or certificates thereof to Sublandlord on or before the Commencement Date and at least thirty (30) days before the expiration dates thereof. If Subtenant shall fail to procure such insurance, or to deliver such policies or certificate, within such time periods, Sublandlord may, at its option, in addition to all of its other rights and remedies under this Sublease, and without regard to any notice and cure periods set forth in this Sublease, procure such policies for the account of Subtenant, and the cost thereof shall be paid to Sublandlord as Sublease Additional Rent within ten (10) days after delivery of bills therefor. 6 Subtenant agrees to have its insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have against Sublandlord and/or Master Landlord. Subtenant hereby waives any right or claim that it may have against Sublandlord on account of any loss or damage to its property to the extent such loss or damage is insurable under policies evidence of insurance for fire and all risk coverage, theft, public liability, or other similar insurance. Subtenant shall carry and maintain during the entire Sublease term, at Subtenant's sole cost and expense, increased amounts of the insurance required to be carried by Subtenant hereunder and all required endorsements, identifying Sublandlord and Master Lessor as additional insureds and otherwise complying with the requirements of the Master Lease. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Subtenant pursuant to the terms of this Section 13, Sublease so that at no time shall Subtenant's required insurance coverages lapse. If Subtenant fails to acquire or maintain any insurance or provide any certificate or policy required by this Sublease, and such other reasonable types failure continues for ten (10) business days after written notice from Sublandlord to Subtenant, Sublandlord may, but shall not be required to, obtain such insurance for Sublandlord's benefit and Subtenant shall reimburse Sublandlord for the costs of the premiums of such insurance coverage within ten (10) days of receipt of a written request for reimbursement from Sublandlord. Such amounts shall be Additional Rent payable by Subtenant hereunder and in the event of non-payment thereof, Sublandlord shall have rights with respect to such reasonable amounts covering the Sublease Premises and Subtenant's operations therein, non-payment as may be reasonably requested by Sublandlord or Master Landlord from time it has with respect to time. any other non-payment of rent hereunder. View More
Insurance. Subtenant shall maintain (at a minimum) throughout the Term of this Sublease such insurance coverage in respect of the Subleased Premises and the conduct and operation of business therein, with Sublandlord, Prime Lessor and Alexandria Real Estate Equities, Inc., and their respective officers, directors, employees, managers, agents, invitees and contractors listed as additional insureds as is required by the Master Lease in the form and subject of "Tenant" pursuant to the requirements contained t...herein. The minimum limits terms of policies of the Prime Lease (including, without limitation, Section 17 thereof as hereinafter incorporated by reference) with no penalty to Sublandlord or Prime Lessor resulting from deductibles or self-insured retentions effected in Subtenant's insurance required of coverage, and with such other endorsements and provisions as Sublandlord or Prime Lessor may reasonably request. If Subtenant under this Sublease shall in no event limit the liability of Subtenant under this Sublease. In addition fails to the insurance requirements set forth in the Master Lease, procure or maintain such insurance shall: (a) name Sublandlord, Master Landlord insurance, pay all premiums and any other party Sublandlord so specifies, as an additional insured or loss payee; (b) be issued by an insurance provider licensed to do business in the province in which the Sublease Premises is located having a rating of not less than A-VIII in Best's Insurance Guide or which is otherwise acceptable to Sublandlord; (c) be primary insurance as to all claims thereunder charges therefor and provide that any insurance carried by Sublandlord or Master Landlord is excess and is non-contributing with any insurance requirement of Subtenant; (d) provide that said insurance certificate(s) thereof within ten (10) days after notice from Sublandlord, Sublandlord may (but shall not be obligated to) do so, whereupon Subtenant shall reimburse Sublandlord upon demand for Sublandlord's costs incurred in so doing. All such insurance policies shall, to the extent obtainable, contain endorsements providing that (i) such policies may not be canceled or coverage changed unless except upon thirty (30) days' prior written notice shall have been given to Sublandlord and Master Landlord; and (e) have deductible amounts not to exceed $5,000.00. Notwithstanding Prime Lessor, (ii) no act or omission of Subtenant shall affect or limit the foregoing, Sublandlord may require Subtenant to conform, obligations of the insurer with respect to any other named or additional insured and (iii) Subtenant shall be solely responsible for the Sublease Premises, payment of all premiums under such policies and Sublandlord, notwithstanding that it is or may be a named insured, shall have no obligation for the payment thereof. Such insurance shall otherwise be reasonably acceptable to Sublandlord in both form and substance. On or before the Commencement Date, Subtenant shall deliver to Sublandlord and Prime Lessor a certificate evidencing the coverages required by this Paragraph 7. Any endorsements to such additional and/or greater certificates shall also be delivered to Sublandlord and Prime Lessor upon issuance thereof. Subtenant shall procure and pay for renewals of such insurance requirements as may be required from time to time under before the Master Lease or by the Master Landlord. expiration thereof, and Subtenant shall deliver said policy or policies or certificates thereof to Sublandlord on or before the Commencement Date and Prime Lessor such renewal certificates at least thirty (30) ten (10) days before the expiration dates thereof. If of any existing policy. In the event Subtenant shall fail to procure such insurance, or fails so to deliver any such policies or certificate, within such time periods, Sublandlord may, renewal certificate at its option, least ten (10) days before the expiration of any existing policy, then, in addition to all of its other rights and remedies under in respect of such breach of this Sublease by Subtenant, Sublandlord shall have the right, but not the obligation, to obtain such insurance on Subtenant's behalf, whereupon Subtenant shall reimburse Sublandlord upon demand for Sublandlord's costs incurred in so doing. -7- Sublandlord shall maintain in full force and effect during the Term of this Sublease, all insurance required to be maintained by Sublandlord as the Tenant under the Prime Lease. Subtenant shall include in all such insurance policies any clauses or endorsements in favor of Prime Lessor including, but not limited to, waivers of the right of subrogation, which Sublandlord is required to provide as "Tenant" pursuant to the provisions of the Prime Lease. Subtenant and without regard Sublandlord each shall include in all insurance policies it is required to any notice and cure periods set forth carry in accordance with this Sublease, procure such policies for all clauses or endorsements in favor of the account other which Sublandlord is required to carry in favor of Subtenant, Prime Lessor under the Prime Lease, including, but not limited to, waivers of the right of subrogation, which Sublandlord is required to provide as "Tenant" pursuant to the provisions of the Prime Lease. Subtenant releases and the cost thereof shall be paid to Sublandlord as Sublease Additional Rent within ten (10) days after delivery of bills therefor. 6 Subtenant agrees to have its insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have waives all claims against Sublandlord and/or Master Landlord. Subtenant hereby waives any right or claim that it may have against Sublandlord on account of any for loss or damage to Subtenant's personal property and its property alterations in the Subleased Premises to the extent that such loss or damage is insurable under policies of casualty insurance for fire and all risk coverage, theft, public liability, Subtenant carries or other similar insurance. Subtenant shall carry and maintain during the entire Sublease term, at Subtenant's sole cost and expense, increased amounts of the insurance is required to be carried by carry under this Sublease. Sublandlord releases and waives all claims against Subtenant pursuant for loss or damage to this Section 13, Sublandlord's personal property and its alterations in the Subleased Premises to the extent that such other reasonable types loss or damage is insurable under policies of casualty insurance coverage and in such reasonable amounts covering Sublandlord carries or is required to carry under the Sublease Premises and Subtenant's operations therein, as may be reasonably requested by Sublandlord or Master Landlord from time to time. Prime Lease. View More
Insurance. (a) Subtenant shall shall, at Subtenant's own cost, maintain (at a minimum) throughout the Sublease Term all of the insurance coverage required to be maintained by Sublandlord (as the "Tenant" under the Master Lease Lease) under the Master Lease, all pursuant to and in accordance with the form terms and subject to requirements of the Master Lease. Subtenant covenants and agrees that all such insurance shall comply with all of the terms and requirements contained therein. The minimum of the Maste...r Lease. In addition, Subtenant shall, at Subtenant's own cost, also maintain throughout the Sublease Term commercial general liability insurance covering bodily injury, death and property damage (including a contractual liability endorsement), with limits of not less than $2,000,000.00 per occurrence and with a $4,000,000.00 general aggregate limit, and with Sublandlord, Master Landlord and their respective designees named as additional insureds thereunder. 4 (b) Subtenant shall (i) name Sublandlord and Master Landlord as additional insureds under all insurance policies required to be maintained by, or actually maintained by, Subtenant, and (ii) provide Sublandlord and Master Landlord, immediately upon demand, with certificates of insurance evidencing the insurance required of Subtenant under this Sublease shall in no event limit the liability of to be maintained by Subtenant under this Sublease. In addition addition, all insurance policies required to the insurance requirements set forth in the Master Lease, be maintained by Subtenant hereunder shall (A) provide that such insurance shall: (a) name Sublandlord, shall not be canceled, terminated or changed or the coverage reduced without thirty (30) days' prior written notice to Sublandlord and Master Landlord, (B) contain a waiver of subrogation provision in favor of Sublandlord and Master Landlord in form and any other party substance reasonably acceptable to Sublandlord so specifies, as an additional insured or loss payee; (b) and Master Landlord, (C) be issued by an insurance provider companies authorized and licensed to do business in the province in which State where the Sublease Premises is are located having and by insurance companies who have a general policy holder's rating of not less than A-VIII "A XII" as stated in the most current available Best's Insurance Guide or which is otherwise Reports and who are also authorized to issue such policies, (D) contain deductibles acceptable to Sublandlord; Sublandlord in Sublandlord's reasonable discretion, and (E) otherwise be in form and substance acceptable to Sublandlord in Sublandlord's reasonable discretion. (c) be primary insurance as to all claims thereunder and provide that any insurance carried by Notwithstanding anything contained in this Sublease or otherwise, (i) Sublandlord or Master Landlord is excess and is non-contributing with any insurance requirement of Subtenant; (d) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given liable to Sublandlord and Master Landlord; and (e) have deductible amounts not to exceed $5,000.00. Notwithstanding the foregoing, Sublandlord may require Subtenant to conform, with respect to the Sublease Premises, to such additional and/or greater insurance requirements as may be required from time to time under the Master Lease or by the Master Landlord. for (and Subtenant shall deliver said policy or policies or certificates thereof to Sublandlord on or before the Commencement Date and at least thirty (30) days before the expiration dates thereof. If Subtenant shall fail to procure such insurance, or to deliver such policies or certificate, within such time periods, Sublandlord may, at its option, in addition to hereby unconditionally waives all of its other rights and remedies under this Sublease, and without regard to any notice and cure periods set forth in this Sublease, procure such policies for the account of Subtenant, and the cost thereof shall be paid to Sublandlord as Sublease Additional Rent within ten (10) days after delivery of bills therefor. 6 Subtenant agrees to have its insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have claims against Sublandlord and/or Master Landlord. Subtenant hereby waives any right or claim that it may have against Sublandlord on account of in connection with) any loss or damage to its any property (including, without limitation, any property, equipment or contents of the Premises or located on the Premises) from any cause whatsoever, including, without limitation, the negligence or misconduct of Sublandlord or any of Sublandlord's agents, invitees, employees, contractors or representatives; and (ii) Master Landlord shall not be liable to the extent such Subtenant for (and Subtenant hereby unconditionally waives all claims against Master Landlord in connection with) any loss or damage is insurable under to any property (including, without limitation, any property, equipment or contents of the Premises or located on the Premises) from any cause whatsoever, including, without limitation, the negligence or misconduct of Master Landlord or any of Master Landlord's agents, invitees, employees, contractors or representatives. All policies of insurance for fire and all risk coverage, theft, public liability, extended coverage or other similar insurance. property damage insurance maintained (or required by this Sublease to be maintained) by Subtenant shall carry contain an endorsement in which the insurer recognizes this release by its insured and maintain during waives all rights of legal and conventional subrogation against the entire Sublease term, at Subtenant's sole cost other party, and expense, increased amounts Subtenant agrees that no insurer shall hold any right of the insurance required to be carried by Subtenant pursuant to this Section 13, and such other reasonable types of insurance coverage and in such reasonable amounts covering the Sublease Premises and Subtenant's operations therein, as may be reasonably requested by subrogation against Sublandlord or Master Landlord from time to time. Landlord. (d) Subtenant's obligations and agreements under this Section 5 shall survive the expiration or any earlier termination of this Sublease. View More
