Common use of Personal Injury and Property Damage Insurance Clause in Contracts

Personal Injury and Property Damage Insurance. Tenant shall indemnify and hold Landlord harmless from any and all claims, liabilities, and expenses for damages to any person or property in, on, or about the premises arising out of the acts or neglect of Tenant. Tenant shall obtain public liability and property damage insurance in which the limits of public liability shall be One Million Dollars ($1,000,000.00) combined single limit coverage, Landlord shall be named as an insured party under the policy to the extent of its interest. Tenant shall keep its insurance in effect during the entire term of this lease and during any renewal term.