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Lease Insurance Clauses: Who and What Do They Protect?

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Howard Kline

Howard Kline

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This show is a primer for landlords, tenants, property managers, lease administrators and anyone else who deals with commercial leases and the insurance provisions typically found in those leases.
 
In nearly 40 years of lease negotiations and litigation, I’ve found that it’s the insurance provisions in leases that are the least negotiated and understood provisions in commercial leases. Even the attorneys often say “it’s a typical insurance provision.”
 
  • But what do those insurance provisions really mean?
  • Who do they protect and who might they harm?
  • Once the lease is signed, is there anything the landlord or tenant need to do to ensure that the insurance provisions are fully enforceable and effective?
  • Does a landlord really need a certificate of insurance from the tenant’s insurance carrier?
  • What, if any, benefit does the landlord get from being named an additional insured?

Featured Guests

 

Ira Meislik (Managing Principal, Meislik & Meislik)
David B. Ezra (Principal, Berger Kahn)

 

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