LIABILITY AND FIRE INSURANCE Sample Clauses
The "Liability and Fire Insurance" clause requires parties to obtain and maintain insurance coverage that protects against losses or damages resulting from liability claims and fire-related incidents. Typically, this means the insured party must secure policies that cover property damage, bodily injury, or loss caused by fire, and may also specify minimum coverage amounts or name additional insureds. The core function of this clause is to allocate risk and ensure that financial responsibility for accidents or fire damage is managed through insurance, thereby protecting both parties from significant unforeseen losses.
LIABILITY AND FIRE INSURANCE. The Lessor shall require the Lessee to carry, maintain and have in full force and effect fire, workmen’s compensation, public liability, and product liability insurance with a recognized insurance company authorized to transact business in the State of Nevada for the benefit of the Lessor and Lessee, and for the protection of all persons who may suffer injury while in, on or about the Property. Said policy shall carry an amount of coverage for injury to one person in any one accident in the sum of One Hundred Thousand Dollars ($100,000.00) and for more injury to more than one person in any one accident in the sum of Three Hundred Thousand Dollars ($300,000.00). Lessor shall be furnished with copies of said policies and all endorsements thereto. The Lessee shall carry insurance against loss by destruction of the Property caused by fire, explosion or other action of the elements, except loss caused by earthquake, equal to ninety per cent (90%) of the value of the improvements.
LIABILITY AND FIRE INSURANCE. The Lessor shall require the Lessee to carry, maintain and have in full force and effect fire, workmens compensation, public liability, and product liability insurance with a recognized insurance company authorized to transact business in the State of Nevada for the benefit of the Lessor and Lessee, and for the protection of all persons who may suffer injury while in, on or about said premises. The amount of said policy must be approved by Lessor in its sole discretion, within normal and customary limits for an operation of this type. Lessor shall be furnished with copies of said policies and all endorsements thereto. The Lessee shall carry insurance against loss by destruction of the demised premises caused by fire, explosion or other action of the elements, except loss caused by earthquake, equal to ninety per cent (90%) of the value of the improvements.
LIABILITY AND FIRE INSURANCE. Tenant, at Tenant’s expense, shall obtain and keep in force, with coverage effective March 1, 2019 and continuing during the initial Term (including all renewals) of this Lease:
(1) A policy of commercial general liability insurance against any and all claims for personal injury, death, property damage, or other liabilities related to the condition, use or occupancy of the Leased Premises or to Tenant’s operations on the Leased Premises, including an extended liability endorsement providing contractual liability and broad form property damage coverage. Such insurance shall also contain a cross-liability clause. Notwithstanding such cross-liability clause, Tenant’s obligations pursuant to the indemnity set forth in section 8.03 shall not be limited to the amount of any insurance required of, or otherwise carried by, Tenant. Such liability insurance shall be written with limits of not less than One Million and No/100 Dollars ($1,000,000.00) per occurrence and Two Million and No/100 Dollars ($2,000,000.00) annual aggregate.
(2) Tenant shall also obtain and keep in force, during the same period as commercial general liability insurance, excess liability insurance with limits of not less than Twenty Million and No/100 Dollars ($20,000,000.00).
(3) Tenant shall also obtain and keep in force, during the same period as the above policies, one or more policies of fire and extended coverage insurance insuring the Building and Tenant’s and Landlord’s other insurable property on the Leased Premises against perils of fire, lightning, windstorm, explosion, smoke damage, vehicle damage, and sprinkler leakage in an amount equal to one hundred percent (100%) of the full replacement cost thereof, and naming Tenant and Landlord as additional insureds as their respective interests may appear. Certificates evidencing the above insurance shall be furnished to Landlord on or before the effective dates of the respective coverages. The policy or policies affecting such insurance shall be primary and shall name Landlord, and the beneficiary or mortgagee of any deed of trust or mortgage affecting the Leased Premises as additional insured, and shall insure any liability of Landlord, contingent or otherwise, with respect to any act or omission of Tenant, its agents, employees or invitees or otherwise; shall be issued by an insurance company admitted and licensed to transact business in the State of Louisiana having a rating of A or better in “Best’s Insurance Guide”; and shall provide...
LIABILITY AND FIRE INSURANCE. 14.1 ▇▇▇▇▇▇ agrees to carry and maintain in full force and effect throughout the term of this Lease, comprehensive public liability and property damage insurance covering the Premises. The policy of combined single Limit, Bodily Injury and Property Damage insuring both Landlord and Tenant against any liability arising out of the ownership, use, occupancy or maintenance of the Premises in an amount not less than $1,000,000 for one person $2,000,000 for one occurrence for bodily injury and $500,000 for property damage. Tenant may comply with its insurance obligations hereunder by endorsement to any blanket policy of insurance carried by ▇▇▇▇▇▇.
14.2 Tenant agrees to carry and maintain in full force and effect throughout the terms of this Lease, fire and extended coverage, vandalism, malicious mischief, special extended perils (all risks) upon the Premises, including all fixtures and equipment therein installed by Landlord, for full replacement value thereof, as the same may exist from time to time without deduction for depreciation, but exclusive of excavations, foundations and footings. Tenant may comply with its insurance obligation hereunder by endorsement to any blanket policy of insurance carried by ▇▇▇▇▇▇. Said insurance shall name Landlord, and, if applicable, pursuant to sublease, at Landlord's request, the holder of any first mortgage or first Deed of Trust encumbering the Premises as additional insured, and, at Tenant's option, any leasehold mortgagee, as their interests may appear. If Landlord's insurance rates for the premises are increased at any time during the term as a result of the nature of Tenant's use or occupancy of the premises, ▇▇▇▇▇▇ agrees to reimburse Landlord for the full amount of such increase immediately upon receipt of demand from Landlord therefor. Such increase shall be prorated as of the expiration of the term, if applicable.
LIABILITY AND FIRE INSURANCE. 24.1 Throughout the term of this agreement, Concessionaire shall maintain the following insurance coverages, naming the City as an additional insured party, with minimum liability limits of Five Hundred Thousand Dollars ($500,000) per occurrence:
LIABILITY AND FIRE INSURANCE. Subtenant shall maintain, with respect to the ---------------------------- Subleased Premises, public liability insurance with limits as reasonably determined by Sublessor, but in any event not less than One Million ($1,000,000.00) per occurrence and Two Million ($2,000,000.00) in aggregate in companies qualified to do business in the State of North Carolina, insuring Sublessor as well as Subtenant against bodily injury or death to persons and against damage to property as herein provided. Subtenant shall deliver a certificate of such insurance to Sublessor prior to the commencement of the term of this Sublease. Such insurance policy shall be in form reasonably satisfactory to Sublessor and shall provide that it cannot be canceled without at least thirty (30) days' prior written notice to Sublessor. Subtenant shall, at Subtenant's expense, carry adequate fire and extended coverage insurance on the fixtures, equipment and furnishings installed in the Building. Subtenant shall not do, suffer or permit to be done anything in or about the Subleased Premises that will affect, impair or contravene the terms of any policy or policies of insurance against loss or damage by fire, casualty or otherwise, which may be issued with respect to the Premises.
LIABILITY AND FIRE INSURANCE. A. The Grantee shall, at a minimum, maintain in full force and effect during the term of this Agreement the following insurance: Bodily Injury or Death: $1,000,000 each person $1,000,000 each occurrence Property and Product Damage $1,000,000 each occurrence $1,000,000 aggregate Fire Insurance 90% of the full insurable value of all insurable components of the Project.
B. All policy or policies shall contain the following endorsement: The State of California, its officers, agents, employees and servants are hereby declared to be additional insured under the terms of this policy, as to activities of both the Grantee and the Department in respect to the Project, and this policy shall not be cancelled without thirty (30) days prior written notice to the Department.
C. The Grantee agrees that all contracts between it and the contractor (or contractors) responsible for construction of the Project shall contain a clause which requires the contractor(s) to obtain insurance in the minimum amounts and kinds specified above in Article 10, Subpart A.
D. The insurance requirements specified above in Article 10, Subpart A, may be satisfied to the extent that the Grantee can provide comparable protection for the Grantee and the Department by virtue of the Grantee's participation in any "risk management" plan, self- insurance program, insurance pooling arrangement, or any combination of these, provided that the protection plan has been approved by the Department.
E. The Grantee agrees that all contracts between it and the designer (or designers) responsible for design and preparation of plans and specifications of the Project shall contain a clause requiring said designer(s) to obtain Architect’s Professional Liability (errors and omissions) Insurance in the amount of $1,000,000.
F. Copies of any policy or policies, including any new or renewal policy, shall be in a form satisfactory to the Department. Copies of such policy or policies shall be submitted to the Department at least twenty (20) days prior to the effective date or dates thereof.
G. Loss under any fire insurance policy shall be payable to the Department for deposit in an appropriate trust fund with the State of California. The proceeds may be paid to the Grantee upon the Grantee's application for the reconstruction of the destroyed facilities.
H. The Department shall not be responsible for the payment of any premiums or assessments on Grantee’s insurance policies.
I. Grantee shall provide proof of insurance to...
LIABILITY AND FIRE INSURANCE. The Lessor shall require the Lessee to carry, maintain and have in full force and effect fire, workmen’s compensation, public liability, and product liability insurance with a recognized insurance company authorized to transact business in the State of Nevada for the benefit for the Lessor and Lessee, and for the protection of all persons who may suffer injury while in, on or about the Property. Said policy shall carry an amount of coverage for injury to one person in any one accident in the sum of One Hundred Thousand Dollars ($100,000.00) and for more injury to more than one person in any one accident in the sum of Three Hundred Thousand Dollars ($300,000.00). Lessor shall be furnished with copies of said policies and all endorsements thereto.