Common use of Owner Requirements Clause in Contracts

Owner Requirements. 1. Commercial General Liability policy (with respect to the Property) with limits not less than $1,000,000 per occurrence with a $2,000,000 annual aggregate. 2. Commercial Umbrella policy (with respect to the Property) with limits not less than $10,000,000. 3. Business Automobile Insurance with limits not less than a $1,000,000 Combined Single Limit. 4. Commercial Property policy insuring the building, business personal property, business income and signs at a replacement cost with agreed upon deductibles. The policy shall be written on a special causes of loss form including coverage for flood, wind and earthquake where applicable. 5. Terrorism.

Owner Requirements. 1. Commercial General Liability policy (with respect to the Property) with limits not less than $1,000,000 per occurrence with a $2,000,000 annual aggregate. 2. Commercial Umbrella policy (with respect to the Property) with limits not less than $10,000,000. 3. Business Automobile Insurance with limits not less than a $1,000,000 Combined Single Limit. 4. Commercial Property policy insuring the building, business personal property, business income and signs at a replacement cost with agreed upon deductibles. The policy Policy shall be written on a special causes of loss form including coverage for flood, wind and earthquake where applicable. 5. Terrorism.