Adequacy of Insurance Limits

At a time when frugality is in vogue, risk managers acting for landlords and tenants need to be mindful of all elements that can affect the potential value of insurance coverage to be required pursuant to leasehold covenants.

19 minute read June 27, 2011 at 12:58 PM
By
David A. Grossberg
Adequacy of Insurance Limits

Commercial leases almost invariably contain provisions requiring the tenant to purchase and maintain insurance coverage, and in some cases require the landlord to purchase insurance with regard to occurrences in the common areas.

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