Listed below are some general policies. Please refer to your lease or contact your property manager with any specific questions.
Vendor Insurance Requirements
All companies or individuals performing services must provide a valid Certificate of Insurance, together with an Endorsement that certifies the submitted certificate is a valid document, to the Office of the Building prior to commencement of any work.
Please ensure that the certificate you submit is completed accurately and in accordance with the requirements stated below.
| REQUIRED ENDORSEMENTS: | |
| Location: | The physical location/address where the work is being performed must be indicated on the Certificate of Insurance. |
| Certificate Holder: The following party must be named as a Certificate Holder on your policy |
The Olive 631 South Olive, LLC 631 South Olive, Suite 120 Los Angeles, CA 90014 |
| Additional Insureds: The following parties must be named as an additional insured on your policy |
The Olive 631 South Olive, LLC Olive Hill Group, LLC |
| Cancellation and Notice Language: | The Certificate of Insurance should provide 30 days written notice of cancellation or material modification without a disclaimer and read: “Before the stated expiration date the company will not cancel or reduce the insurance afforded under the above policies until at least 30 days notice of such cancellation has been mailed to the certificate holder.” |
All required insurance must be maintained with acceptable insurance companies licensed to do business in the state in which the Property is located with a rating of not less than a VII as rated in the most currently available "Best’s Insurance Guide."
| MINIMUM COVERAGE LIMITS: | |
| Commercial General Liability: | On an "occurrence" basis for bodily injury, death and property damage liability including (1) owners' and contractors' protective liability, (2) products / completed operations liability, (3) broad form property damage liability, and (4) broad form contractual liability with a combined single limit of not less than One Million Dollars ($1,000,000.00) per occurrence and Two Million Dollars ($2,000,000.00) in aggregate. |
| Commercial Automotive Liability: | Combined single limit of not less than One Million Dollars ($1,000,000.00). |
| Workers Compensation: | Statutory limits as required by the laws of California. |
Acceptance of any Certificate of Insurance does not relieve you from your obligations with respect to insurance, nor does it limit or relieve you of any of your other duties or responsibilities. For your protection, please consider whether you should obtain higher insurance limits. Remember to provide evidence of renewal or replacement of any required policy not less than thirty days before it expires or is cancelled.
Insurance Requirements
The Tenant shall provide the following minimum insurance coverage:
Commercial General Liability
On an occurrence form for Bodily injury liability and property damage liability with limits of $1,000,000.00.
Combined single limit each occurrence and $2,000,000.00 from the aggregate of all occurrences within each policy year.
Including but not limited to: Premises-Operation, Products/Completed Operations, Personal Injury, Contractual Coverage, Property Damage. Including coverage for the indemnity clause provided under your lease.
Worker's Compensation - Statutory Limits:
Employer's Liability
Employer’s liability insurance in an amount not less than $500,000.00.
Comprehensive Form:
Automobile liability covering owned, hired and non-owned vehicles, with limits of $1,000,000.00 combined, and single limit each occurrence.
General Contractors & Electricians
Excess liability (umbrella) insurance on the above with limits of $5,000,000.00. Other trades or service contracts; $500,000.00.
Contractor / Alterations Policies
Construction firms and personnel providing remodeling services must be approved by the Manager and must provide proof of adequate insurance coverage, including certificates establishing bonding, compliance with worker's compensation, and insurance for public liability and property damage in amounts equal to those required to be provided by you under your lease agreement. These certificates must name both the Landlord and Manager as additional insured. For a detailed constructions rules and regulations see the Documents & Forms section.
Rules & Regulations
The Olive is committed to providing quality office space managed with professionalism and an experienced eye for detail. Your help in meeting these standards is greatly appreciated. For the detailed list of the building rules and regulations refer to the Documents & Forms.
Smoke Free Building
The Olive is completely smoke-free as required by California law. Smoking is prohibited in all areas of the buildings, including all elevators, stairs, lobbies, corridors, restrooms, mechanical, storage, and janitorial areas, as well as all offices and work areas, in addition to the parking garage. Smoking is not permitted outside of the building within 25 feet of any operable windows, doors, outdoor or air intakes.