The lessee shall be fully responsible and assume all risks from fire, storms and accidents to their own employees or the general public and shall take out and maintain appropriate insurance coverage as agreed to in the lease. Such insurance coverage shall be maintained during the term of the lease agreement. The City shall be named as an additional insured on each policy and shall be provided evidence of the existence of stipulated insurance in the form of copies of insurance policies or certificates of insurance. The City shall be given at least thirty days' written notice of policy alterations, cancellations or deletions.
The lessor reserves the right to increase or decrease the amount of minimum coverage required, commensurate with the type and extent of service to be performed.
The lessee shall protect the public and the City from any and all lawful damages, claims or liability caused by its operations at the Airport; and at its sole cost and expense, provide premises liability in the minimum amount of one million dollars ($1,000,000) combined single-limit, bodily injury and property damage. In addition, the City may require the lessee to provide product liability insurance in a minimum amount of one million dollars ($1,000,000) combined single-limit, bodily injury and property damage.
Where applicable, the lessee shall be required to provide and keep in force, during the term of the lease, hangarkeepers liability insurance with the minimum amount being one hundred thousand dollars ($100,000) per aircraft for each occurrence.