AZAFAP’s Insurance Clause Samples

AZAFAP’s Insurance. AZAFAP, at its sole cost and expense, shall insure its activities in connection with this Agreement and obtain, keep in force and maintain insurance as follows: A. General Liability Self-Insurance Program (contractual liability included) with minimum limits as follows: 1. Each Occurrence $1,000,000 2. Products/Completed Operations Aggregate $2,000,000 3. Personal and Advertising Injury $1,000,000 4. General Aggregate $2,000,000 B. Property, Fire and Extended Coverage Self-Insurance Program in an amount sufficient to reimburse AZAFAP for all of its equipment, trade fixtures, inventory, fixtures and other personal property located on or in the Premises including improvements hereinafter constructed or installed. The coverages required under this Section 6.2. shall not limit the liability of AZAFAP. The coverages referred to under this Section 6.2.A and B. shall include Owner as an additional insured. Such a provision shall apply only in proportion to and to the extent of the negligent acts or omissions of AZAFAP, its officers, employees, and agents. AZAFAP, upon the execution of this Agreement, shall furnish Owner with certificates of insurance evidencing compliance with all requirements. Certificates shall provide for thirty (30) days advance written notice to Owner of any material modification, change or cancellation of the above insurance coverages.