Please review your lease to confirm requirements for insurance, and submit a current certificate of insurance to the Property Management Office as evidence of compliance with this portion of your lease. Additionally, any vendor or contractor employed by the tenant to perform labor at the property must be pre-qualified by the management office and submit a certificate of insurance prior to the commencement of work. This includes movers, telephone vendors, computer cable installers, cleaners, furniture assemblers, etc.

 

 

Insurance Requirements for Tenants

 

The certificate must name the following as the certificate holder:

 

DUS Management, Inc.

35 East Wacker Drive, Suite 750

Chicago, Illinois 60601

 

 

The certificate must name the following as Additional Insured:

 

DUS Management, Inc. as Agent for Wacker GP, Inc. a Delaware Corp.

 

If you are going to issue the additional insured on an attachment, please make sure that you note this on the certificate of insurance in the description/other area. Please also include the insured, Policy #, Issue Date of Certificate of Insurance, project #, and project name (if applicable) on the certificate of insurance attachment.

 

 

Please mail or email certificates of insurance to the Property Management Office at:

 

DUS Management, Inc.

35 E. Wacker Drive, Suite 750

Chicago, Illinois 60601

Tina Santiago

csantiago@35eastwacker.com

 

 

Certificates should state the following limits of coverage:

 

Commercial General Liability Insurance

  • Not less than $5,000,000 for any one accident or occurrence
  • Portion over $1,000,000 may be provided under an excess liability policy

Commercial Property Insurance

  • Covering (i) Tenant’s Property, (ii) Leasehold improvements, and (iii) Premises Systems on a full replacement cost basis in amounts sufficient to prevent tenant from becoming a co-insurer

Business Interruption Insurance

  • Minimum limit equal to one year’s Base Rent and Additional Rent

Worker’s Compensation

  • Minimum statutory limits as provided by the State of Illinois

Insurance to be obtained from insurance companies that are authorized to do business in the State of Illinois and have an AM Best Rating of at least A+ and a Financial Rating of at least 10

Total Per Occurrence/Accident Limits for Commercial General Liability and Employer’s Liability Insurance may be satisfied by a party with any combination of primary or umbrella liability policies totaling the amount of the required insurance.

 

 

Insurance Requirements for Contractors and Vendors

 

The certificate must name the following as Additional Insured:

 

DUS Management, Inc. as Agent for Wacker GP, Inc.

 

If you are going to issue the additional insured on an attachment, please make sure that you note this on the certificate of insurance in the description/other area. Please also include the insured, Policy #, Issue Date of Certificate of Insurance, project #, and project name, if applicable, on the certificate of insurance attachment.

 

 

Please mail or email certificates of insurance to the Property Management Office at:

 

DUS Management, Inc.

35 E. Wacker Drive, Suite 750

Chicago, Illinois 60601

Tina Santiago

csantiago@35eastwacker.com

 

 

Certificates should state the following limits of coverage:

 

Commercial General Liability Insurance

  • Not less than $5,000,000 for any one accident or occurrence
  • Portion over $1,000,000 may be provided under an excess liability policy

Employer’s Liability Insurance

  • Not less than $1,000,000 per accident and
  • At least $1,000,000 for disease, per each employee

Comprehensive Automobile Liability Insurance

  • Covering all owned, hired or non-owned vehicles
  • Not less than $2,000,000 per occurrence
  • Portion over $1,000,000 may be provided under an excess liability policy

Worker’s Compensation

  • Minimum statutory limits as provided by the State of Illinois

 

Insurance to be obtained from insurance companies that are authorized to do business in the State of Illinois and have an AM Best Rating of at least A and a Financial Rating of at least 10.

 

Total Per Occurrence/Accident Limits for Commercial General Liability and Employer’s Liability Insurance may be satisfied by a party with any combination of primary or umbrella liability policies totaling the amount of the required insurance.

 

The General Contractor is responsible for coordinating all insurance certificates for all Subcontractors and Vendors prior to mobilization and before any work will be allowed to commence on site.