A. The applicant or valet parking operator, if a valet parking operator is retained by an applicant, shall maintain at all times (i) general liability insurance covering all locations at which the valet parking services are or will be operated, in the minimum amounts of $1,000,000 per occurrence for bodily injury and property damage (combined single limit), and (ii) a $1,000,000 umbrella insurance policy.
B. The insurance policy required pursuant to this Section 5.76.060 shall be for a term at least coextensive with the duration of the valid valet parking permit issued to the valet parking operator and shall not be subject to cancellation, except upon thirty (30) days prior notice to the Village.
C. Upon termination or lapse of the applicant's or valet parking operator's insurance coverage, any permit issued to the permit holder shall automatically expire.
(MC-3-2019, Added, 06/04/2019)