Laserfiche WebLink
• <br />• <br />damage or injury which may be sustained by any party or persons in, at, on, or about the <br />Leased Premises. <br />12. INSURANCE. Civic Club and Dasie Hope each shall carry the following <br />insurance coverage and each shall furnish the Landlord with a certificate of such coverage: <br />12 1. Workers' Compensation. Workers Compensation shall be provided for all <br />employees. Coverage shall be for the statutory limits in compliance with all state <br />and federal laws. The policy shall include Employer's Liability with a limit of <br />$100,000 per accident. <br />12.2 Commercial General Liability. Commercial general liability coverage shall <br />be per occurrence Combined Single Limit for Bodily Injury and Property Damage <br />including Premises and Operations. The minimum limit of liability insurance for the <br />Leased Premises shall be $300,000 00 The policy shall be written by a carrier <br />licensed to do business in Florida and have a rating of A VII or better per A.M. <br />Best's Key Rating Guide. <br />12.3. Special Requirements. Ten days prior to the commencement of operations, <br />a certificate of insurance shall be provided to the Landlord's Risk Manager for <br />review and approval. The certificate shall provide for the following: (a) Indian River <br />County shall be named as an 'Additional Insured" on the general liability policy; and <br />(b) Indian River County will be given thirty (30) days' notice prior to cancellation or <br />modification of any stipulated insurance. Such notice shall be in writing by certified <br />mail, return receipt requested, and addressed to the Landlord's Risk Manager. <br />12.4. Right of Review. Landlord, by and through its Risk Management <br />Department, reserves the right periodically to review any and all policies of <br />insurance and reasonably to adjust the limits of coverage required hereunder, from <br />time to time throughout the term of this Lease. In such event, Landlord shall <br />provide each of Civic Club and Dasie Hope with separate written notice of such <br />adjusted limits and each of Civic Club and Dasie Hope shall comply within thirty (30) <br />days of receipt thereof. The failure by either Civic Club or Dasie Hope to provide <br />such additional coverage shall constitute a default by Civic Club or Dasie Hope, as <br />the case may be, and shall be grounds for automatic termination of this Lease as to <br />such defaulting party only. <br />13. RIGHT TO INSPECT. The Landlord may enter and inspect the Leased <br />Premises at all reasonable hours to ensure the Leased Premises are being properly <br />maintained and kept in good condition. <br />14. PROHIBITION ON ASSIGNMENT, SUBLEASE, OR ENCUMBRANCE <br />Neither Civic Club nor Dasie Hope shall, in any manner, assign, transfer, mortgage, <br />pledge encumber, or otherwise convey an interest in this Lease, or sublet the Leased <br />Premises or any part thereof (any one of the foregoing events hereinafter referenced as an <br />'Assignment"), without the prior written consent of the Landlord which consent may be <br />granted, conditioned, or withheld at Landlord's sole discretion for any reason. Any such <br />attempted Assignment without Landlord approval shall be null and void. <br />6 <br />