Just received my commercial lease terms, could someone look over the insurance portion and explain it to me?
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[{"id": "dxm9ywd", "text": "I would tell the LL that some of these seem inappropriate. Also send a copy of the insurance provisions to your insurance broker and get a premium quote. How much is your rent?  If it bolsters your argument that the insurance requirements are overkill to share the premium quote vs the amount of rent with the LL, do that too.", "replies": [], "depth": 1}, {"id": "dxma1pf", "text": "Raise your point regarding workers comp insurance with the landlord.  All risk for your property is standard in any lease.  Business interruption is also typically a required coverage for tenant or paid by landlord and billed back to tenant (assuming triple net, but even if gross it's priced into the rent).  Additional point - 43.03 and 43.04 relate to a waiver of subrogation.  Right now it's a one way waiver (you waiving against landlord).  It needs to be two-way.  You're paying for landlord's casualty policy one way or another.  Last thing you want is that insurance you paid for subrogating a claim and suing you. I would have your insurance broker review these provisions and the indemnification language to the ensure your meet the requirements for coverage.  Finally, hire a lawyer.  You're pouring a lot of money into this space.", "replies": [{"id": "dxn8n5n", "text": "Send to your insurer. Have them review with comments and discuss. Do your best to make all waivers or concessions mutual to LL and Tenant. Also set a standard of mutual agreement (nothing one sided), ultimately making LL toe the same line. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dxmag3u", "text": "Have a lawyer negotiate your lease. \n", "replies": [], "depth": 1}, {"id": "dxn79sz", "text": "call a lawyer ASAP", "replies": [], "depth": 1}]