Marcy, we could help with this. The primary liability policy
for $2,000,000 (including some business personal property) would be $500.
In addition there was a requirement for a $4,000,000 umbrella
liability policy. This policy would run between $300 to $500 per
milliion. The last requirement was for workers compensation. This
premium is based on payroll. To calculate the premium we would need an
annual payroll estimate. Let me know and I will be happy to work up a
quote.
I would be happy to assist you with this coverage. We could
complete the applications over the phone and have the coverage in place in short
order. Let me know if we can be of assistance. Thanks
Bill
Howard Clarke
& Sampson, Inc 228
S. Washington Street, Suite 200 Alexandria,
Virginia 22314 P:
703-683-6601 F:
703-739-8967 E:
bhoward@clarkeandsampson.com
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on Twitter From: Marcy [mailto:marcy@puckettfaraj.com] Sent: Wednesday, May 19, 2010 5:07 PM To: William Howard Cc: Puckett Neal; Faraj Haytham Subject: Liability Insurance for the Law Firm of Puckett & Faraj, PC Sincerely,
Marcy
Marcelyn Atwood
Business Manager
The Law Firm of Puckett & Faraj,
PC
2181 Jamieson
Ave, Suite 1505
Alexandria, VA
22314
888-970-0005 ; 202-379-2829 ; FAX 202-318-7652 ; marcy@puckettfaraj.com
Please View our
Website: www.puckettfaraj.com
The information contained in this electronic message is
confidential, and is intended for the use of the individual or entity named
above. If you are not the intended recipient of this message, you are hereby
notified that any use, distribution, copying of disclosure of this communication
is strictly prohibited. If you received this communication in error, please
notify Puckett & Faraj, P.C. at 888-970-0005 or via a return the e-mail to
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distribution.
21. INDEMNITY AND PUBLIC
LIABILITY INSURANCE
(A) Tenant shall
indemnify and save harmless Landlord and its Agent from any and all
liability,
damage, expense, cause of
action, suits, claims, judgments and cost of defense arising from injury
to
person or personal
property in and on the Demised Premises, or upon any adjoining sidewalks or
public
areas of the Building,
which arise out of the use and occupancy of the Demised Premises or the
act,
failure to act or
negligence of Tenant, its agents, contractors, employees, subtenants or
licensees.
(B) In order to assure
such indemnity, Tenant shall, at its sole cost, carry and keep in full
force
and effect at all times
during the term of this Lease, a commercial comprehensive general liability
policy
with a single limit of at
least Two Million Dollars ($2,000,000.00) including coverage for bodily
injury,
property damage and
personal injury liability.
(C) Tenant shall also
carry and maintain at its sole cost and expense excess liability and
umbrella
coverage with a limit of
liability of no less than $4,000,000 per occurrence and $4,000,000 general
aggregate. Such coverage
shall provide protection against bodily injury, property damage,
contractual
liability and personal
injury loss.
22. WORKER’S COMPENSATION
INSURANCE Tenant shall carry and keep in full force and effect at
all times during the term
of this Lease, at its sole cost, worker’s compensation or similar insurance in
form
and amounts required by
law. Such insurance shall contain waiver of subrogation provisions in favor
of
Landlord and its
management agent.
23. ALL RISK COVERAGE
INSURANCE Landlord shall obtain and maintain All Risk Coverage
insurance covering the
Building and the Building-standard tenant improvements to the level specified
in
Exhibit B. Tenant shall
obtain and maintain throughout the term of this Lease and any extension periods
All
Risk Coverage insurance
insuring against damage to and loss of Tenant’s Alterations and tenant
improvements (above the
level of the Building-standard tenant improvements as specified in Exhibit
B),
fixtures, equipment,
furniture, and all other personal property in and about the Demised Premises.
Landlord
and Tenant hereby release
each other and waive any claims they may have against the other for loss
or
damage to the Building,
Demised Premises, tenant improvements, fixtures, equipment and/or any
other
personal property arising
from a risk insured against under the All Risk Coverage insurance policies to
be
carried by Landlord and
Tenant, as required above, even though such loss or damage was caused by
the
17 King I Office Lease
Execution Document Puckett
& Faraj, PC
MCLEAN 354397.8
101274.055
negligence of Landlord,
Tenant, or their respective agents or employees (or any combination thereof),
except
for the amount of the
deductible under said policies. Landlord and Tenant agree to obtain and
maintain
throughout the term of
this Lease endorsements to their respective All Risk Coverage policies waiving
the
right of subrogation of
their insurance companies against the other party and its agents and
employees.
Except to the extent
expressly provided herein, nothing contained in this Lease shall relieve
Landlord or
Tenant of any liability
to each other or to their insurance carriers which Landlord or Tenant may have
under
law or the provisions of
this Lease in connection with any damage to the Building, Demised Premises,
tenant
improvements, fixtures,
equipment, furniture, and all other personal property, by fire or other
casualty.
24. TENANT’S CONTRACTOR’S
INSURANCE
(A) Tenant shall require
any contractor of Tenant performing work on the Demised Premises to
carry and maintain, at no
expense to Landlord:
(1) commercial
comprehensive general liability insurance, including contractor’s
liability
coverage, contractual
liability coverage, completed operations coverage, broad form property
damage
endorsement and
contractor’s protective liability coverage, to afford protection with limits,
for each
occurrence, of not less
than One Million Dollars ($1,000,000.00) with respect to personal injury, death,
or
property damage;
and
(2) worker’s compensation
or similar insurance in form and amounts required by law.
(3) Excess liability or
umbrella insurance written on a per occurrence basis with policy
limits of no less than
Two Million Dollars ($2,000,000) per occurrence and Two Million Dollars
($2,000,000) general
aggregate.
25. REQUIREMENTS FOR
TENANT’S INSURANCE POLICIES
(A) The company or
companies writing any insurance which Tenant is required to carry and
maintain or cause to be
carried or maintained pursuant to this Lease as well as the form of such
insurance
shall at all times be
subject to Landlord’s approval and any such company or companies shall be a
good
and responsible insurance
company, licensed to do business in the Commonwealth of Virginia. Tenant’s
public liability and All
Risk Coverage insurance policies and certificates evidencing such insurance
shall
name Landlord and its
Agent as additional insured and shall also contain a provision by which the
insurer
agrees that such policy
shall not be cancelled except after thirty (30) days written notice to
Landlord.
Tenant agrees to provide
to Landlord prior to taking possession of the Demised Premises the
certificates
evidencing such
insurance; Landlord may withhold delivery of the Demised Premises without
delaying
the Commencement Date, or
triggering any abatement of rent, if Tenant fails to provide Landlord with
these certificates.
(B) Any insurance carried
or to be carried by Tenant hereunder shall be primary over any policy
that might be carried by
Landlord. If Tenant shall fail to perform any of its obligations regarding
the
acquisition and
maintenance of insurance, Landlord may perform the same and the cost of same
shall be
deemed additional rent,
payable upon Landlord’s demand. Marcelyn Atwood
Business Manager
The Law Firm of Puckett & Faraj,
PC
2181 Jamieson
Ave, Suite 1505
Alexandria, VA
22314
888-970-0005 ; 202-379-2829 ; FAX 202-318-7652 ; marcy@puckettfaraj.com
Please View our
Website: www.puckettfaraj.com
The information contained in this electronic message is
confidential, and is intended for the use of the individual or entity named
above. If you are not the intended recipient of this message, you are hereby
notified that any use, distribution, copying of disclosure of this communication
is strictly prohibited. If you received this communication in error, please
notify Puckett & Faraj, P.C. at 888-970-0005 or via a return the e-mail to
sender. You are required to purge this E-mail immediately
without reading or making any copy or distribution.
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