COM 0732.000 2004-2006 - Laserfiche WebLink

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12. Liability Insurance. That the Lessee shall procure, at its own cost and expense, and maintain during the entire period of this lease, with an insurance company or companies acceptable to the Lessor, a policy of comprehensive liability insurance, with minimum amounts of $1,000,000.00 per occurrence for bodily injury and property damage, insuring against all claims for bodily injury, death, and property damage; that said policy or policies shall cover the entire premises, including all buildings, improvements and grounds, and all roadways or sidewalks on the demised premises in the control or use of the Lessee. The Lessee shall furnish the Lessor with a certificate showing such policy to be initially in force and shall furnish a like certificate upon each renewal of such policy, each such certificate to contain or be accompanied by an assurance of the insurer to notify the Lessor with 30 days minimum notice, of any intention to cancel any such policy under this lease as set forth herein or limit the amount of its liability under this lease. The Lessee shall cause the Lessor to be named as an "additional insured" on the above- mentioned comprehensive liability insurance policy. The policy shall have a deductible for not more than $500.00 per claim. 13. Fire Insurance. That upon initiating construction of new improvements at the site, Lessee shall procure, at its own expense, and maintain, during the entire period of this lease with an insurance company or companies acceptable to the County, a policy of insurance insuring against damage or destruction of the premises due to fire, vandalism, or malicious mischief, in the minimum amount of $350,000.00, or such lesser amount as determined solely by the Lessor, and a maximum deductible of $500.00. The Lessee shall cause the County to be named as an "additional insured" on the above-mentioned damage or destruction insurance policy. In the event new structures are appraised in the future, 9