When reviewing a commercial lease another thing that we look closely at and advise a tenant on is the insurance requirements. And so typically a landlord is going to require a full compliment of insurance to come from a tenant, a general liability insurance property insurance, which is going to cover their tenant’s personal property for furniture, fixtures and equipment, which are going to be in the space.

Employers legal liability insurance, making sure that the tenant is going to have proper workers’ compensation insurance, disability insurance, etc. We review the insurance clause to make sure that it’s consistent, that it’s market, but at the same time we always recommend that the tenant needs to speak with their particular insurance brokers to ensure two things.

One, the coverage that is being requested they have or if not, they could obtain and understand what the cost would be. And two, the insurance professionals and insurance are the folks who understand if coverage requests are way out of line.

So while we see a whole bunch of commercial leases dozens a year, we also do look to our insurance colleagues to ensure that they’re also advising our client, our mutual client on what’s market, what’s reasonable and what, if anything, should be pushed back upon when negotiating the lease.