Agenda - 06-01-1992 - Laserfiche WebLink

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A. Comprehensive public liability insurance in the amount of at least $1,000,000.00 for any occurrence resulting in bodily and personal injury to or the death of one person and consequential damages arising therefrom, and in the amount of at least $1,000,000.00 for any such occurrence for more than one person; B. Comprehensive property damage insurance covering liability for damage to all property in the amount of at least $100,000.00 for each occurrence either without the policy containing the "care, custody and control" exclusion, or, in the alternative, providing fire and extended coverage legal liability insurance; and C. Tenant further agrees that the contractor performing work for Tenant shall furnish Tenant with certificates showing evidence of comprehensive public liability insurance in the same amounts as set out in subsections (A) and (B). Such insurance to include "completed operations coverage." Further, if any work involving excavation of underground operations should be required, the XC &U exclusions must be omitted. 8.6 LANDL RD NAMED AS INSURED Such insurance and certificates shall name Landlord as an additional insured for the full amount of the insurance herein required. Tenant, at the beginning of the term of this lease and thereafter not less than thirty (30) days prior to the expiration of any such policy, shall furnish Landlord with a standard certificate of insurance executed by the insurer involved also containing an undertaking by the insurer to give Landlord ten (10) days prior written notice of any cancellation, non - renewal or change in scope or amount of coverage of such policy. Tenant shall, at all times, maintain worker's compensation insurance as may be required to comply with the applicable laws of the State of North Carolina, 8.7 LANDLORD'S_ INSURANCE At all times during the term of this lease, Landlord shall maintain in effect policies of insurance covering the building and improvements of which the Demised Premises constitute a part, providing protection to the extent of not less than eighty (80%) percent of the insurable value of said building against all casualties included under standard insurance industry practices within the classification "Fire and Extended Coverage, Vandalism and Malicious Mischief." Nothing in this Section shall prevent the taking out of policies of blanket insurance which may cover real and personal property and improvements in addition to the building of which the Demised Premises constitute a part. 8.8 TENANT'S ADDITIONAL INSURANCE At all times during the term of this lease, Tenant shall pay all premiums for and maintain in effect, with a responsible insurance company or companies authorized to do business in North Carolina, policies of insurance for the benefit of Landlord and Tenant, as their interests may appear as follows: • 13