The tenant shall maintain at its expense during the term of the Lease Worker’s Compensation Insurance, Employer Liability Insurance, Property Damage Insurance, and Commercial General Liability Insurance, all at specific minimum limits outlined in your Lease.

An original Certificate of Insurance must be delivered to the Office of the Building each year. A current Certificate of Insurance must be in place at all times. Please refer to your Lease or call the Office of the Building should you have questions concerning the form of the insurance.

ALL SERVICE CONTRACTORS SHALL PROVIDE THE FOLLOWING MINIMUM INSURANCE COVERAGE:

COMMERCIAL GENERAL LIABILITY

• Combined Single Limit- $3,000,000 per occurrence and annual aggregate per location. Such insurance shall be broad form and include, but not be limited to, contractual liability, independent contractor's liability, products and complete operations liability, and personal injury liability. A combination of primary and excess policies may be utilized. Policies shall be primary and noncontributory.
• Worker's Compensation- Statutory Limits
• Employer's Liability
• With minimum liability limits of $1,000,000 bodily injury by accident each accident, $1,000,000 bodily injury by disease policy limit; $1,000,000 bodily injury each employee.
• Commercial Automobile Liability
• Combined Single Limit - $1,000,000 per accident

Such insurance shall cover injury (or death) and property damage arising out of the ownership, maintenance or use of any private passenger or commercial vehicles and of any other equipment required to be licensed for road use.
Property Insurance

All-risk, replacement cost property insurance to protect against loss of owned or rented equipment and tools brought onto and/or used on any Property by the Service Contractor.

CRIME INSURANCE I FIDELITY BOND

Service Contractor is responsible for loss to Owner and third party property / assets and shall maintain Fidelity Bond or comprehensive crime insurance coverage for the dishonest acts of its employees in a minimum amount of $1,000,000. Service Contractor shall name Owner as Loss Payee with respect to the comprehensive crime insurance coverage

Policies described above shall include the following as additional insured, including their respective directors, shareholders, partners, officers, members, affiliates, subsidiaries, managers, agents, employees, companies, corporations, partnerships, limited liability partnerships, limited liability companies, firms, trusts, trustees, successors, assigns, mortgagees and/or other designees.

Additional Insured endorsements CO 20 10 10 01 and CO 20 37 1001A or their equivalent shall be utilized for the policy(ies) described in Section I.A. above. Please note that the spelling of these parties must be exactly correct or the Contract Duties will not be allowed to commence:

• 300 Park Ave. So. L.L.C.
• Rockrose Development L.L.C.
• Rockrose Development Corp.
• Rockrose Development I Corp.

Service Contractor waives any and all rights of subrogation with respect to its commercial property and workers' compensation liability insurance policies against the parties identified above in Paragraph II.

All policies will be written by companies licensed to do business in the State of New York and which have a rating by Best’s Key Rating Guide not less than "A-NID".

Service Contractor shall furnish Certificate(s) of Insurance evidencing the above coverage, except property insurance under I.E. Original Certificate(s) of Insurance must be provided before Service Contractor commences Contract Duties or Contract Duties will not be allowed to commence.

CERTIFICATES OF INSURANCE RELATING TO POLICIES REQUIRED UNDER THIS AGREEMENT SHALL CONTAIN ONE OF THE FOLLOWING TWO PROVISIONS:

"Should any of the above described policies be cancelled before the expiration date thereof, the issuing insurer will endeavor to mail thirty (30) days' written notice to the Certificate Holder."

OR:

"Should any of the above described policies be cancelled before the expiration date thereof, notice will be delivered in accordance with the policy provisions."

THE FOLLOWING SHOULD BE NAMED AS CERTIFICATE HOLDER:

300 Park Ave. So. L.L.C. c/o Rockrose Development L.L.C. Attn: Property Manager.