Landlord obligations: This is where the agreement will list the insurance that the parties are required to have. It may be a negotiating point if there is notice required for any change in the insurance coverage. This cost may be included in the additional rent provisions. Tenant obligations: This is where the landlord lays out all the required insurance that the tenant must have eg., fire and damage insurance, business interruption, public liability insurance, and other minimum levels of tenant's insurance. The landlord and its agents/manager may ask to be listed as beneficiary, and costs for the tenant's insurance are borne by the tenant. Typically this insurance must be satisfactory to the landlord as a condition for the tenant to take possession of the leased premises. Often the landlord will require certification of such insurance.