What is Insurance in leasing terms and what is standard for a tenant to insure?
The tenant must obtain their own liability and tenant insurance for the contents of the space including inventory and tenant improvements. The landlord may specify the specific dollar amount of liability coverage required by the Tenant. In addition, the Landlord will also insure the building in respects to liability and property damage. While the landlords and tenants liability coverage may overlap, the property insurance covered by the Landlord includes everything except the interior contents of the tenants space. Most leases require you to provide the Landlord with proof of insurance.
