(A) A vending cart permit is not effective until the applicant has filed with the City Clerk-Treasurer evidence of insurance insuring the applicant against liability imposed by law arising out of the ownership, maintenance or operation of such vending cart in amounts of at least $500,000 for the injury or death of one person, $1,500,000 for the injury or death of two or more persons and $10,000 for damage to property. The city shall be named as an additional named insured in the policy providing such insurance. Such policy shall further provide that it may not be cancelled, except upon ten days’ written notice filed with the City Clerk-Treasurer. The applicant shall also provide evidence of workers’ compensation insurance coverage to the City Clerk-Treasurer if applicable. A vending cart permit is effective only if the required insurance coverage is constantly maintained and evidence of its continuance is on file with the City Clerk-Treasurer.
(B) The certificate shall designate the city as an additional insured and shall contain an acknowledgment signed by the insurer that prior to modification, cancellation or termination of the subject policy, written notice shall first be sent to the City Clerk-Treasurer by said insurance company.
(1992 Code, § 496:15) (Ord. 1502, passed 7-2-2013)