Common use of Insurance Coverage to be Maintained by Landlord Clause in Contracts

Insurance Coverage to be Maintained by Landlord. (a) At all times after the Date of Occupancy and during the Term, Landlord, at Xxxxxxxx’s sole cost and expense, must keep in force one or more commercial general liability insurance policy(ies) insuring Landlord against all claims and demands for personal injury or damage to property that are claimed to have occurred upon or about the Premises, Building, or appurtenant areas. The policy(ies) must be written on an occurrence basis to provide protection in an aggregate amount not less than $2,000,000 combined-single-limit for personal injury, death, and property damage, with a so-called "broad-form" endorsement and contractual liability coverage insuring Landlord’s performance of the indemnity agreement set forth in § 8.1. This policy also must name Tenant as an additional insured, but only if (i) Tenant occupies at least 20% of the tenanted portion of the Building using Landlord’s generally applicable standard of measurement, or (ii) the Usable Area of the Premises exceeds 20,000 square feet. (b) Landlord also must maintain casualty insurance for the Building (including all fixtures and equipment that Landlord installs, and all alterations and additions that Landlord makes) insuring Landlord against loss or damage that fire and other risks, which are customarily contemplated by “all-risks” endorsements of insurance policies, cause (with such additional endorsements as are necessary to include coverage for vandalism and malicious conduct, floods, boiler explosions, water damage from boilers, plumbing, etc., earthquakes, debris removal, and demolition), in an amount equal to 100% of the replacement cost of the Building and the Building’s fixtures and equipment. (c) At all times during the Term, Landlord must maintain, and must cause Landlord’s contractors and any subcontractors to maintain, Workers’ Compensation insurance, as required by law, covering each person who is employed by Landlord, and by Landlord’s contractors and any subcontractors, to provide labor, services, or both in connection with the Premises, the Building, the property on which the Building is situated, or in connection with any combination of two or more of the Premises, the Building, and the property on which the Building is situated. (d) Landlord must take out each insurance policy with insurers qualified to do business in the Commonwealth, and each such insurance policy must have only such deductibles as are reasonable and customary. (e) On or before the Date of Occupancy, Landlord must provide Tenant with a certificate of insurance, in a form reasonably satisfactory to Tenant, for each required policy of insurance, and must provide Tenant with a certificate evidencing renewal of each such policy at least 20 days before the policy’s expiration. If Tenant is named as an additional insured under Landlord’s commercial general liability insurance policy, Landlord must provide Tenant with an endorsement issued by the underwriter showing Tenant as an additional insured under the policy and providing that the policy must not be canceled, terminated, reduced, or changed in any material respect without at least 20 days prior written notice to Tenant.

Insurance Coverage to be Maintained by Landlord. (a) At all times after the Date of Occupancy and during the Term, Landlord, at Xxxxxxxx’s sole cost and expense, must keep in force one or more a commercial general liability insurance policy(ies) policy insuring Landlord against all claims and demands for personal injury or damage to property that are claimed to have occurred upon or about the Premises, Building, or appurtenant areas. The policy(ies) This policy must be written on an occurrence basis to provide protection in an aggregate amount not less than $2,000,000 combined-single-limit for personal injury, death, and property damage, with a so-called "broad-form" endorsement and contractual liability coverage insuring Landlord’s performance of the indemnity agreement set forth in § 8.1. This policy also must name Tenant as an additional insured, but only if (i) Tenant occupies at least 20% of the tenanted portion of the Building using Landlord’s generally applicable standard of measurement, or (ii) the Usable Area of the Premises exceeds 20,000 square feet. (b) Landlord also must maintain casualty insurance for the Building (including all fixtures and equipment that Landlord installs, and all alterations and additions that Landlord makes) insuring Landlord against loss or damage that fire and other risks, which are customarily contemplated by “all-risks” endorsements of insurance policies, cause (with such additional endorsements as are necessary to include coverage for vandalism and malicious conduct, floods, boiler explosions, water damage from boilers, plumbing, etc., earthquakes, debris removal, and demolition), in an amount equal to 100% of the replacement cost of the Building and the Building’s fixtures and equipment. (c) At all times during the Term, Landlord must maintain, and must cause Landlord’s contractors and any subcontractors to maintain, Workers’ Compensation insurance, as required by law, covering each person who is employed by Landlord, and by Landlord’s contractors and any subcontractors, to provide labor, services, or both in connection with the Premises, the Building, the property on which the Building is situated, or in connection with any combination of two or more of the Premises, the Building, and the property on which the Building is situated. (d) Landlord must take out each insurance policy with insurers qualified to do business in the Commonwealth, and each such insurance policy must have only such deductibles as are reasonable and customary. (e) On or before the Date of Occupancy, Landlord must provide Tenant with a certificate of insurance, in a form reasonably satisfactory to Tenant, for each required policy of insurance, and must provide Tenant with a certificate evidencing renewal of each such policy at least 20 days before the policy’s expiration. If Tenant is named as an additional insured under Landlord’s commercial general liability insurance policy, Landlord must provide Tenant with an endorsement issued by the underwriter showing Tenant as an additional insured under the policy and providing that the policy must not be canceled, terminated, reduced, or changed in any material respect without at least 20 days prior written notice to Tenant.