Upon approval of a franchise granting the exclusive right to use a portion of the city streets, sidewalks or other city property for the sale of food, cut flowers, beverages, or merchandise and/or the rental of equipment or other things, the franchisee shall obtain and provide to the city a comprehensive general liability insurance policy from an insurance company licensed to do business in the state of California having a financial rating in Best’s Insurance Guide of at least “B,” which provides insurance coverage for all liabilities including death, personal injury or property damage arising out of or in any way related to the sale of the food, cut flowers, beverages, or merchandise and or rental of equipment or other things authorized pursuant to such franchise in the amount of at least $1,000,000.00 combined single limits. Such insurance shall be in a form satisfactory to city's risk manager, shall include an endorsement naming the city's officers, employees and agents as additional insureds under the coverage afforded, shall be primary and noncontributing with respect to any other insurance available to the city, shall contain a severability of interest (cross- liability) clause, and shall require the insurer to provide to the city at least 30 days prior notice of cancellation. Proof of such insurance, also in a form satisfactory to city's risk manager, shall be filed with the director prior to the date the franchisee exercises its rights under the franchise.
(Ord. 1925 §2 (part), Ord. 2012 §4 (part), Ord. 2136 §3, 2287, Ord. 2364 §226)