Covers ongoing liability of a tenant to a landlord after assigning the lease. The outgoing tenant, i.e. the assignor, may be liable to the landlord for defaults by the new tenant. The standard policy is premises-specific and is for one year, but up to three years can be arranged. Cover is in respect of liability to pay rent, interest on rent and damages and claimant’s costs and ‘own costs. There is an annual aggregate limit of indemnity in the range £50,000 to £500,000. The underwriter assesses the lease, the assignment, the financial history of the new tenant and references.