(A) Insurance requirements. Permittee will obtain liability insurance from an insurance company licensed to do business in the State of California and having a financial rating in Best's Insurance Guide of not less than "A VII." Such insurance will provide "occurrence" coverage against liabilities for death, personal injury or property damage arising out of or in any way connected with such event. Such insurance will be based upon the size and nature of the event, the risks foreseeably involved, and will be in the amount prescribed by City Council resolution or city policy. Insurance will name the city and the city's elected and appointed officials, officers, and employees as additional insureds under the coverage afforded. In addition, such insurance will be primary and noncontributing with respect to any other insurance available to the city and will include a severability of interest (cross-liability) clause. If alcoholic beverages are sold or served at the event, the policy must also include an endorsement for liquor liability in an amount not less than $1,000,000.
(B) Certificates of insurance. A copy of the policy or a certificate of insurance along with all necessary endorsements, in a form approved by the city's risk manager, must be filed with the Director not less than five business days, except as otherwise provided in this chapter, before the date of the event unless the Director for good cause waives the filing deadline.
(C) Waiver of insurance requirements. The Director for any permit authorizing an event involving an exercise of free speech rights must waive the insurance required by this section.
(Ord. 1129, passed 12-20-04)