Commercial leases often contain detailed insurance requirements.
A lease may require the tenant to carry:
- Commercial General Liability
- Business Personal Property
- Workers' Compensation
- Commercial Auto
- Umbrella Liability
- Property insurance
- Business Income
- Other coverage
A landlord may also require:
- Additional Insured status
- Waiver of Subrogation
- Primary & Noncontributory wording
- Specific liability limits
- Certificate of Insurance
Before signing a commercial lease, both landlords and tenants should understand the insurance requirements.