Every mobile vendor shall maintain liability insurance for operation of the mobile vendor vehicle, or the tow vehicle if the mobile vendor vehicle is a trailer, and provide proof of the following coverages in its application for a mobile vendor license and any time upon request by the City Clerk:
(A) An insurance policy or policies, or certificate of insurance, issued by an insurance company having an A.M. Best rating of not less than B+. The policy(ies) shall include commercial general liability insurance coverage and automobile liability insurance coverage, or the equivalent thereof, for the owner of the mobile vendor vehicle and tow vehicle if applicable, and for the mobile vendor business if different from the vehicle owner. The commercial general liability insurance shall include coverage for bodily injury, death and property damage with limits of liability of not less than $1,000,000 per occurrence and aggregate combined single limit. The automobile liability insurance shall include coverage for bodily injury, death and property damage with limits of liability of not less than $1,000,000 per occurrence, combined single limit;
(B) The certificate of insurance referred to in this section shall provide that the insurance policy or policies have been endorsed to provide 30 days’ advance written notice of cancellation, 45 days’ advance written notice of non-renewal and ten days’ advance written notice of cancellation due to non-payment of premium, and that these written notices shall be provided by e-mail, facsimile, delivery or regular mail to the City Clerk; and
(C) The cancellation or other termination of any required insurance policy shall automatically revoke and terminate the mobile vendor license, unless another policy(ies), complying with this section, shall be provided an in effect at the time of such cancellation or termination. The City Clerk shall immediately issue written notification of the revocation of the mobile vendor license.
(Prior Code, § 3-8-8) (Ord. 882, passed 3-7-2022)