Insurance

Staff Report & Agenda Item Details

Insurance. Prior to beginning any construction or c onstruction-related activities on the LTF Tract, Licensee shall procure a commercial general liability insurance policy (which shall be maintained by Licensee until the Easements are termi nated) with a coverage limit of at least $2,000,000 by an insurer licensed to do business in Texas and provide a copy of the certificate of insurance evidencing such coverage to Licensor. Such insurance policy shall (a) identify Licensor or its successors or assigns as an additional insured, and (b) either be written on an "occurrences" basis Exhibit H 2 or provide "tail coverage" following the expiration of such policies for at least the duration of the applicable statute of limitations to bring an injury claim (as measured from the expiration of such policy).