A. Liability Coverage Required. Every applicant must possess or obtain public liability insurance to protect against loss from liability imposed by law for damages on account of bodily injury or property damage arising from any activity. A certificate of insurance must be filed with the finance director thirty (30) days prior to the commencement of such activity, and must name the City, its officials, employees and agents as additional insureds. Insurance coverage must be maintained for the duration of the activity and for thirty (30) days after the cessation of such activity.

B. Minimum Limits Defined. Coverage must be under a comprehensive general liability insurance policy. Minimum limits required are one million dollars ($1,000,000.00) per each occurrence (bodily injury and property damage) combined single limit. If food is sold or served at the activity, the policy must also include an endorsement for potential product liability claims. The City may require additional endorsements depending upon the proposed activity.

C. Waiver or Reduction of Required Limits. The City may waive or reduce the insurance requirements set out in this section under the following conditions: