Lease lawyers are often confused by the technicalities of insurance forms and available coverages, particularly when they try to apply these technicalities in actual lease drafting. This is particularly true for lease provisions in which a landlord requires the tenant to insure against third-party claims asserted against the landlord by reason of accidents that occur on the premises or that are otherwise caused by the tenant or its operations (this type of coverage is “liability insurance,” although insurance professionals often refer to it as “casualty insurance”). This article will analyze some common lease liability insurance requirements and provide answers to common liability insurance drafting questions.
Premium Content For:
- Real Property, Trust and Estate Law Section