Introduction to Insurance Provisions in Commercial Leases

Legal professionals who deal with commercial leases will need to understand how insurance clauses work and how to amend them in practice so that they can tailor them to the needs of a typical shop, office or new development.

It is particularly important to ensure you understand the distinctions between different types of properties in order to best serve your clients.

Alpha partners will introduce paralegals and newly qualified solicitors to the intricacies of insurance clauses for commercial leases. It will cover ‘insured risks’, suspensions of rent when insured or uninsured risks occur, break clauses on failure to reinstate by the landlord, and much more.

COURSE CONTENT

Introduction

• Who insures - landlord or tenant?
• What are the ‘insured risks’
  • Problems with terrorism and fire risk
  • What about ‘uninsured risks’?
  • Loss of rent insurance - for how long
• Suspension of rent where insured/uninsured risks occur
• Break clauses on failure to re-instate by the landlord
  • Operable both parties or just tenant
  • Uninsured risks again
• Tricky issues - properties in the course of construction
  • Latent defects liability
  • Service charges complications
  • Collateral warranties

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.