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:
Three Bethesda Metro Center
8401 Colesville Road
Silver Springs, MD 21201
And as an additional insured party as follows:
Brookfield Properties Management LLC, Three Bethesda Metro Center 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,
LaSalle Bank National Association, as Trustee in Trust For Holders of
TrizecHahn Office Properties Trust Commercial Mortgage Pass-Through
Certificates, Series 2001-TZH c/o Wells Fargo Bank N.A. as Servicer,
P.O. Box 7042, San Francisco, CA 94120-7042 is Lender Payee and
Mortgagee.
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.