Laserfiche WebLink
insurance is strictly excess and secondary, that such insurance will be non-contributory with any <br /> liability insurance or self-insurance carried by Landlord. <br /> 13.2. All insurance policies required under this Section shall be with companies <br /> having a rating according to Best's Insurance Key Rating Guide for Property —Casualties of no less <br /> than A-Class VIII. Each policy shall provide that it is not subject to cancellation,lapse or reduction in <br /> coverage except after thirty (30) days' written notice to Landlord. Tenant shall deliver to Landlord, <br /> prior to the commencement of its occupation of the Premises and, from time to time thereafter, at <br /> Landlord's request,certificates evidencing the existence and amounts of all such policies and copies of <br /> such insurance policies. <br /> 13.3. In addition to the insurance required under Section 13.1 above, Tenant shall <br /> pay for and maintain (A) "special form" property insurance, with deductibles for Tenant's "special <br /> form" property insurance commercially reasonable and customary, (B) a policy of worker's <br /> compensation insurance if and as required by applicable law and employer's liability insurance with <br /> limits of no less than One Million and No/100 Dollars ($1,000,000.00); and (C) in the event Tenant <br /> uses Tenant automobiles on the Property, a policy of comprehensive automobile liability insurance, <br /> including loading and unloading, and covering owned and hired vehicles with limits of no less than <br /> One Million Dollars($1,000,000.00)per occurrence. <br /> 13.4. Tenant's Self-Insurance. At any time during the term of this Lease, Tenant <br /> may elect, subject to Landlord's prior written approval at Landlord's reasonable discretion, to self- <br /> insure the insurance coverages provided for in this Section. <br /> 13.5. Landlord's Insurance. Landlord will include insurance of the Building in its <br /> property insurance program or under the Washington State Transit Insurance Pool. <br /> 13.6. Waiver of Subrogation. Landlord and Tenant each mutually release the other <br /> from every right, claim and demand which may hereafter arise in favor of either arising out of or in <br /> connection with any loss occasioned by fire, earthquake or other casualty and such other perils as are <br /> included in the provisions of the normal extended coverage clauses of fire and casualty insurance <br /> policies, and hereby waive all rights of subrogation in favor of insurance carriers arising out of any <br /> such losses and sustained by either Landlord or Tenant in or to the Premises or any property therein, <br /> but only to the extent of deductibles specified in the insurance policies plus the insurance proceeds paid <br /> to such party under its policies of insurance or,if it fails to maintain the required policies,the insurance <br /> proceeds that would have been paid to such party if it had maintained such policies. This waiver of <br /> subrogation shall be effective to a person or entity even though that person or entity would otherwise <br /> have a duty of indemnification, contractual or otherwise, whether or not the person or entity paid the <br /> insurance premium directly or indirectly, and whether or not the person or entity has an insurable <br /> interest in the property damaged. <br /> 10 <br />