Manager Requirements. (1) Manager agrees to maintain, at its own expense, public liability insurance on a so-called “occurrence” basis for at least $1,000,000 per occurrence and $2,000,000 in the aggregate with $5,000,000 umbrella coverage, and all other forms of insurance required by law and as otherwise deemed by Owner and Manager to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to workers’ compensation insurance, professional liability, employee practices, and fidelity insurance. Manager agrees to timely provide evidence of required insurance to Owner.
Appears in 10 contracts
Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)
