In a typical commercial lease, a landlord will require a tenant to carry a minimum amount of general liability insurance (e.g., $3 million per occurrence and $3 million general aggregate) and will also require that the insurance carrier meet certain standards, such as a minimum policyholder rating and financial size (as rated by an agency such as AM Best).
In the Spotlight: The Use of a Captive Insurance Company By a Commercial Tenant
This article addresses what it means for a tenant to self-insure or obtain insurance through a captive, and how a landlord and tenant can modify their lease accordingly.
By
Brian J. LevinThis premium content is locked for LawJournalNewsletters subscribers only
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