Subrogation Waiver – Policies Other than Property Insurance Sample Clauses
The Subrogation Waiver – Policies Other than Property Insurance clause prevents an insurer from pursuing recovery from third parties on behalf of the insured for claims paid under insurance policies that are not property insurance, such as liability or workers’ compensation policies. In practice, this means that if a loss occurs and the insurer pays out a claim, the insurer waives its right to seek reimbursement from other parties who may have contributed to the loss. This clause is commonly used to promote cooperation between parties involved in a project or contract and to avoid disputes or litigation over responsibility for losses, thereby streamlining claims resolution and reducing potential conflicts.
Subrogation Waiver – Policies Other than Property Insurance. Tenant hereby waives all rights against the Landlord Indemnified Parties, Landlord’s contractors (and their subcontractors of every tier), and their respective employees and agents, for any claims that arise from Tenant’s work or activities and for recovery of damages under Tenant’s insurance policies required under Section 22.1 or any other insurance policy carried by Tenant related to the Premises or this Lease (excluding Tenant’s property insurance, which is addressed hereunder in Section 22.4.2). Tenant shall obtain an endorsement effecting the foregoing waiver with respect to its workers compensation and employers liability insurance. If any other policy implicated by the waiver in this Section 22.4.1 does not allow Tenant to waive rights of recovery against others prior to a loss, Tenant shall obtain an endorsement effecting the applicable waiver.
Subrogation Waiver – Policies Other than Property Insurance. Landlord and Tenant waive all rights against each other’s contractors (and their subcontractors of every tier), consultants (and their subconsultants of every tier), and their respective employees and agents, and against the Landlord Indemnified Parties and Tenant Parties, respectively, for recovery of damages occurring on and after the date on which this Lease is executed to the extent such damages are covered under any commercial general liability insurance, automobile liability insurance, workers compensation or employers liability insurance, commercial excess/umbrella liability insurance, or any other insurance policy carried by Tenant or Landlord related to the Premises or this Lease (excluding property insurance, which is covered in Section 22.4.
1). Each party shall obtain an endorsement effecting the foregoing waiver with respect to its workers compensation and employers liability insurance. If any other policy implicated by the waiver in this Section 22.4.2 does not allow the insured to waive rights of recovery against others prior to a loss, the insured shall obtain an endorsement effecting the applicable waiver.