Our proposed lease to Verizon has requirement that we carry a million dollar commercial general liability policy. It also has multiple indemnification clauses that are both confusing and troubling. How common are these in Verizon or ANY lease ?
I was told Verizon would accept an umbrella policy, I assume on my homeowners policy. Farmers says they will cover liability but not insure the facility. I'm still trying to get straight what will be covered and to what limits.
Oct 09, 2016 Rating
All Verizon leases contain that language. by: Stephen
Chris call us for assistance. Verizon has very stringent insurance requirements. Other carriers and tower companies with the exception of US Cellular don't have that requirement that you carry insurance.
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Steve or Kevin- I have had a cell site with SBA/T-Mobile (~$1500/month & 4% annual increase) for >15 years. At&t wants to co-locate. My SBA lease gives
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