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deduction for depreciation), and the policy(ies) referred to in clauses (a), (c) and (d) above shall contain a replacement cost endorsement and an agreed amount or waiver of co-insurance provisions endorsement. The deductible under the policies referred to in clauses (a), (c) and (d) above shall not exceed an amount customarily required by institutional lenders for similar properties in the general vicinity of the Demised Property, but in no event in excess of$10,000 or such greater amount as is approved by Landlord from time to time. Section 10.02 As of the Commencement Date and throughout the Lease Term, Tenants shall maintain, with financially sound and reputable insurers (as further described in Section 10.03), public liability and other types of insurance with respect to its business and the Demised Property (including all Improvements now existing or hereafter erected thereon) against all losses, hazards, casualties, liabilities and contingencies as customarily carried or maintained by persons of established reputation engaged in similar businesses. Without limiting of the foregoing, Tenants shall maintain or cause to be maintained policies of insurance with respect to the Demised Property in the following amounts and covering the following risks: (a) Broad form boiler and machinery or breakdown insurance in an amount equal to the full replacement cost of the Improvements at the Demised Property (without any deduction for Depreciation), and including coverage against loss or damage from (i) leakage of sprinkler systems and (ii) damage, breakdown or explosion of electrical machinery and equipment, air conditioning, refrigeration, pressure vessels or similar apparatus and mechanical objects now or hereafter installed at the Demised Property, and (iii)business interruption. (b) During any period of construction, reconstruction, renovation or alteration at the Demised Property, a complete value, "All Risks" Builders Risk form or "Course of Construction" insurance policy in non-reporting form and in an amount reasonably satisfactory to Landlord. (c) Commercial General Liability insurance covering claims for personal injury, bodily injury, death or property damage occurring upon, in or about the Demised Property on an occurrence form and in an amount not less than $2,000,000 per occurrence and $2,000,000 in the aggregate, which shall provide coverage for premises and operations, products and completed operations and contractual liability, with a deductible in an amount customarily required by institutional owners or institutional lenders (whichever is lower) for similar properties in the general vicinity of the Demised Property (but in no event in excess of$10,000), and an umbrella liability policy in the amount of $1,000,000. Liquor Liability insurance, in amounts and subject to terms reasonably approved by Landlord, shall also be maintained by Tenants, if alcohol is sold or served at the Demised Property. (d) Landlord is to be added as additional insured. (e) Worker's compensation with statutory limits and employer's liability insurance in an amount of $1,000,000 per accident, per employee and in the aggregate with a waiver of subrogation against Landlord. 13