Contractor’s and Subcontractor’s Insurance. Property Manager shall require all contractors and subcontractors entering upon the Property to perform services to have insurance coverage, at such contractor’s or subcontractor’s expense, in the following minimum amounts: (a) worker’s compensation - statutory amount; (b) employer’s liability (if required under applicable law) - $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured. Property Manager may waive such requirements in its reasonable discretion.
Appears in 31 contracts
Samples: Property Management Agreement, Property Management Agreement (Strategic Realty Trust, Inc.), Property and Asset Management Agreement (Strategic Realty Trust, Inc.)
Contractor’s and Subcontractor’s Insurance. Property Manager shall require all contractors and subcontractors entering upon the Property to perform services to have insurance coverage, coverage at such the contractor’s or subcontractor’s expense, in the following minimum amounts: (a) worker’s compensation - – statutory amount; (b) employer’s liability (if required under applicable law) - – $500,000 (minimum); and (c) comprehensive commercial general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured. Property Manager may waive such requirements in its reasonable discretioninsured and provide copies of the same to Owner.
Appears in 5 contracts
Samples: Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC)
Contractor’s and Subcontractor’s Insurance. Property Manager shall require all contractors and subcontractors entering upon the Property to perform services to have insurance coverage, at such contractor’s or subcontractor’s expense, in the following minimum amounts: (a) worker’s compensation - compensation—statutory amount; (b) employer’s liability (if required under applicable law) - $500,000 law)—$500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured. Property Manager may waive such requirements in its reasonable discretion.
Appears in 2 contracts
Samples: Property and Asset Management Agreement (TNP Strategic Retail Trust, Inc.), Property Management Agreement (TNP Strategic Retail Trust, Inc.)
Contractor’s and Subcontractor’s Insurance. Property Manager shall require all contractors and subcontractors entering upon the Property to perform services to have insurance coverage, at such contractor’s or subcontractor’s expense, in the following minimum amounts: (a) worker’s compensation - — statutory amount; (b) employer’s liability (if required under applicable law) - — $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured. Property Manager may waive such requirements in its reasonable discretion.
Appears in 1 contract
Samples: Property Management Agreement (TNP Strategic Retail Trust, Inc.)
Contractor’s and Subcontractor’s Insurance. Property Manager shall require all contractors and subcontractors entering upon the Property to perform services to have insurance coverage, at such contractor’s or subcontractor’s expense, in the following minimum amounts: (a) worker’s compensation - – statutory amount; (b) employer’s liability (if required under applicable law) - – $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured. Property Manager may waive such requirements in its reasonable discretion.
Appears in 1 contract
Samples: Property and Asset Management Agreement (TNP Strategic Retail Trust, Inc.)