The following information must be submitted to Savio Asset Management LLC prior to entering premises. Submittal of COI copy is accepted via email or fax. Please supply the following information to Property Management immediately.
Certificate of Insurance (COI)
Liability Insurance Requirements (Below is General Coverages, Specifics may Vary Depending upon Property)
Insured: Name of Business or individual being insured.
General Liability: Commercial general liability and property damage insurance or equivalent coverage for each occurrence shall provide minimum coverage of One Million $1,000,000.00.
General Aggregate: Commercial general aggregate insurance or equivalent coverage shall provide minimum coverage of Two Million $2,000,000.00.
Excess Liability Umbrella: Excess Liability per occurrence and aggregate umbrella (containing a Self-Insured Retention no greater than $25,000.00), which coverage shall provide minimum coverage of Two Million $2,000.000.00.
Fire Legal Liability: $250,000.00.
Commercial Automobile Liability: $1,000,000.00
Worker’s Compensation and Employers’ Liability: $500,000.00; $500,000.00; $500,000.00
Business Interruption (optional): Minimum of (12) months
Additional Insured: Savio Asset Management LLC/Savio Manager Inc (Managing/Leasing Agent), Savio Realty Ltd, and its subsidiaries are named as additional insured to the extent set forth in the general liability provisions. Alongside Landlord ______________________________
Policy Cancellations: Required 30 day notification to Certificate Holder.
Certificate Holder: _______________c/o Savio Asset Management LLC, 1088 Bishop St, Ste 4100, Honolulu, HI 96813
Mailing Address:_______________c/o Savio Asset Management LLC, 1088 Bishop St, Ste 4100, Honolulu, HI 96813
Property Insurance: Tenant will maintain property insurance covering all the Tenant’s business personal property. Such insurance shall also cover breakage of all plate glass or signs located in or on the Leased Premises, on a replacement cost basis.
Business Income Insurance: Tenant shall maintain Business Income insurance in an amount sufficient to insure payment of Rent and other fixed costs. For a period of not less than twelve (12) months, during any interruption of Tenant’s business by reason of the Leased Premises or Tenant’s business personal property being damaged by fire other causes of loss covered under an ISO commercial Property Policy, “Special Form” Causes of Loss form or its equivalent.