Common use of Landlord’s Liability Insurance Clause in Contracts

Landlord’s Liability Insurance. Landlord agrees to maintain a commercial general liability insurance policy covering the Common Area, under which the Tenant is named as an additional insured. A duplicate original or a certificate of the policy shall be delivered to Tenant within ten (10) days after Tenant's written request therefor. Each policy shall (a) contain a provision that the underwriter will give Tenant at least thirty (30) days prior written notice of any cancellation or lapse of the insurance, and (b) provide (i) bodily injury and property damage coverage of at least $1,000,000.00 for any one occurrence, and (ii) general aggregate coverage of at least $2,000,000.00.