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 California 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:
Certificate Holder:
BOP 685 Market Street
685 Market Street, Suite 520
San Francisco, CA 94105
And as an additional insured party as follows:
Brookfield Properties Management (CA) Inc., BOP 685 Market LLC, and their respective affiliates, shareholders, members (including members of members), partners (including partners of partners), subsidiaries and related entities, and each of their respective successors and assigns, and United Overseas Bank Limited, New York Agency (as lender) and its respective successors and assigns.
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:
Worker’s Compensation |
Limit of Liability |
Comprehensive General Liability |
Limit of Liability |
Comprehensive Automobile Liability |
Limit of Liability |
Umbrella Liability | Limit of Liability |
Notes: Completed certificates must be received before work can commence.