Property and Liability Insurance in Commercial Leases: Key Provisions and Coverage Issues
Additional Insured and Loss Payee Clauses; Interplay With Indemnity Provisions
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will address casualty and liability insurance issues applicable to real estate leasing from the perspective of both landlord and tenant. The program will discuss the necessary coverage and recommend contract provisions to require insurance coverage and receive the maximum benefit of the coverage. The program will also address key coverage issues such as exclusions, proof of coverage, additional insured and loss payee parties, and primary/excess coverage.
Outline
- Intro: nuts and bolts and common terms
- Interrelation between property and liability coverage
- Casualty insurance
- Commercial general liability insurance
- Certificates of insurance
- Matching indemnity and casualty restoration obligations with insurance
Benefits
The panel will review these and other key issues:
- What are the relevant considerations for parties assessing appropriate protection under a casualty policy?
- What are best practices for drafting risk allocation and insurance provisions?
- How can counsel ensure that contractually required AI coverage is satisfied by the named insured's policy?
Faculty
Martha Bane
Executive Vice President, Managing Director
Arthur J. Gallagher & Co
Ms. Bane structures, negotiates, and implements large national property and builders risk programs, with an emphasis on... | Read More
Ms. Bane structures, negotiates, and implements large national property and builders risk programs, with an emphasis on catastrophic exposures. Her expertise with complex layered and quota-share programs and senior insurer relationships helps deliver innovative insurance and risk management property solutions to Gallagher’s clients. Ms. Bane also manages Gallagher’s Los Angeles Real Estate & Hospitality team which specializes in property, casualty, environmental and financial products for Gallagher’s real estate and hospitality clients. They currently place coverage in the worldwide insurance marketplace for clients with more than $189 billion in insurable values. Ms. Bane has spoken at numerous industry events on a variety of property insurance-related topics.
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John G. Kelly
Shareholder
Bean Kinney & Korman
Mr. Kelly focuses his practice on general corporate law and real property law, including commercial real estate... | Read More
Mr. Kelly focuses his practice on general corporate law and real property law, including commercial real estate leasing, financing and acquisitions, and business mergers and acquisitions. With respect to leasing, he represents both landlords and tenants nationwide in substantial office, retail, industrial and government leasing transactions. Mr. Kelly serves on the Board of Editors of Commercial Leasing Law & Strategy, a national publication. He has also served as a featured guest on real estate leasing topics on Commercial Real Estate Radio. Mr. Kelly’s lending experience includes representing both lenders and borrowers in complex financial transactions secured by real or personal property, including the negotiation of the initial loan documents and advising with respect to workout strategies and foreclosures.
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Susan Drake-Patelson, CPCU, RPLU, ASLI
Area Executive Vice President
Arthur J. Gallagher & Co.
Ms. Drake-Patelson assists real estate clients in managing risk through insurance placements and various risk transfer... | Read More
Ms. Drake-Patelson assists real estate clients in managing risk through insurance placements and various risk transfer mechanisms. Her specialties are liability, workers compensation, named insured wording, and policy terms and conditions. Ms. Drake-Patelson frequently teaches on insurance issues to clients, property managers and asset managers.
Jeremy Y. Weltman
Shareholder
Ruberto Israel & Weiner
Mr. Weltman's wide-reaching litigation practice focuses on finding successful resolutions to his clients' legal... | Read More
Mr. Weltman's wide-reaching litigation practice focuses on finding successful resolutions to his clients' legal issues. He represents both individuals and companies across a range of industries including hospitality, real estate, construction, healthcare, restaurant, and retail. Mr. Weltman's direct civil and commercial litigation experience includes handling complex commercial and business litigation, employment litigation, Wage Act litigation, probate litigation, real estate disputes, construction matters, civil rights litigation including ADA accessibility, accommodation issues, and high impact class action work, municipal disputes, appellate advocacy, and other tort based litigation matters.
CloseEarly Discount (through 08/08/25)