Rehab Insurances - Is this right?

[Daniel Fridrij]

Hi everybody, talking about rehab insurances...

Is it enough to quote this in the rehab agreement?

Owner to carry fire, tornado and other necessary insurance on above work. XXXXXX Management and/or its subcontractor(s) will provide Workers Compensation and Public Liability Insurance. In the event of default, by Owner, Owner shall pay any costs of collection, incurred by Agent, including attorney fees.