Insurance Requirements
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One New York Plaza

1 New York Plaza , New York , New York

Insurance Requirements

Tenants are required to keep on file with the Management Office a current Certificate of Insurance evidencing sufficient coverage to satisfy the terms of their lease. The insurer must be admitted and licensed in Massachusetts and the Certificate must contain a provision that coverage will not be canceled or non-renewed without a thirty (30) days prior written notice to the Owner.

When tenant work is to be done by contractors in the building, the tenant authorizing such work shall be responsible for including in the contract for such work the following insurance and indemnity requirements to the extent that they are applicable. Insurance certificates must be received prior to construction/service. All certificates shall name the Landlord as the certificate holder as follows:

One NY Plaza Co. LLC
1 Water Street
New York, NY 10004

And as an additional insured party as follows:

Brookfield Properties Management LLC , One NY Plaza Co. LLC and their respective parent entities, controlling entities, affiliates, shareholders, partners (including partners of partners), subsidiaries and related entities, and any successors and assigns of such entities, Wachovia Bank, National Association, as Servicer on behalf of LaSalle Bank, NA, as Trustee for the benefit of the Certificate Holders of Commercial Mortgage Pass-Through Certificates Series LB/UBS 06-C4.

Each contractor and each subcontractor shall, until the completion of the tenant work in question, procure and maintain at its expense, the following insurance coverage with companies acceptable to landlord in the following minimum limits:

    Limit of Liability
Worker’s Compensation
(Including coverage for Occupational Disease) 
  Statutory Benefits
Employer’s Liability    $500,000
     
Comprehensive General Liability     
(Including Broad Form Comprehensive Liability Enhancement, Contractual Liability assumes by the contractor and the tenant under article 15.3 of the Lease and Completed Operations coverage)     
    Limit of Liability 
Bodily Injury and Property Damage    $2,000,000 combined single limit 
Comprehensive Automobile Liability     
(Including coverage for Hired and Non –Owned Automobiles)     
    Limit of Liability 
Bodily Injury and Property Damage     $1,000,000 per occurrence 
     
    Limit of Liability 
Umbrella Liability    $5,000,000 per occurrence 

Notes: Completed certificates must be received before work can commence.
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