Retail leasing FAQ11: Who is responsible for insurance?

Retail business: Who is responsible for insurance?

• Generally, the Landlord will take out an insurance policy for the entire building/land and pass on the Tenant’s share of the cost as an ‘outgoing’
• The Tenant must take out its own insurance for its business, public liability, contents and plate glass for its full replacement value.
• Public liability insurance cover is typically $20,000,000 for any one occurrence.