Common use of Insurance Responsibility Clause in Contracts

Insurance Responsibility. (a) Lessee shall, at its sole cost, procure and maintain a standard policy of comprehensive general liability insurance (“Liability Insurance”) with limits of not less than that required by Lessor in its reasonable discretion. The policy shall name Lessor as an additional insured and provide that coverage cannot be cancelled or materially altered without fifteen (15) days prior written notice to Lessor. Upon request Lessee shall furnish certificates to Lessor to evidence compliance with this provision.