Tenant Insurance
Tenants are required to keep on file with the Building Management Office a current Certificate of Insurance evidencing sufficient coverage to satisfy the terms of their lease naming the following as additional insureds:
City Center 33 South Property, LLC
Ryan Companies US, Inc.
All certificates shall name the Landlord as certificate holder as follows:
City Center 33 South Property, LLC c/o Ryan Companies US, Inc.
600 Nicollet Mall, Suite 312
Minneapolis, MN 55402
Vendor / Contractor Insurance
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 include the following additional insured language:
City Center 33 South Property, LLC
Ryan Companies US, Inc.
All certificates shall name the Landlord as the certificate holder as follows:
City Center 33 South Property, LLC c/o Ryan Companies US, Inc.
600 Nicollet Mall, Suite 312
Minneapolis, MN 55402
The minimum amounts of insurance coverage should be:
- Worker’s Compensation - Statutory amount in the state where the property is located;
- Employer’s Liability - $500,000 or such other higher limits imposed in accordance with the requirement, if any, of the laws of the state where the property is located;
- Commercial General Liability - $1,00,000 per occurrence, $2,000,000 general aggregate with Products/Completed Operations coverage (with evidence of Products/Completed Operations Coverage shown for a minimum of two years following completion of the work described in the contract);
- Business Auto Liability including hired and non-owned auto coverage $1,000,000 combined single limit; and
- Umbrella/Excess - $5,000,000.
Additionally, said insurance should include a waiver of subrogation against the above described parties and be primary and non-contributory with respect to any insurance of manager or owner.
Each contractor and each subcontractor shall, until the completion of the tenant work in question, procure and maintain at its expense, the insurance coverage with companies acceptable to landlord. Please contact the Building Management Office to obtain the insurance requirements for the vendor / contractor.
Note: Completed certificates must be received before work can commence.