Laserfiche WebLink
EXHIBIT B <br />INSURANCE REQUIREMENTS <br />You must keep the following insurance in force with companies licensed to do business in the state or commonwealth where the <br />Shopping Center Is located, during the Event Period and such other times as Licensee occupies the Event Location: <br />(1) Commercial General Liability Insurance on the Event Location and the business operated in or from the Event Location, <br />including coverage against assumed or contractual lability under this Agreement, with minimum limits for bodily injury, property damage or personal and <br />advertising Injury of $1.000,000 per occurrence and $2,000,000 general aggregate, except for the Events set forth below, which require such insurance as <br />follows: <br />Type of Event <br />Commercial General Liability <br />Occurrence/Aggregate Requirement <br />S1MM/$3MM <br />Dance <br />Petting Zoo <br />$1 MMI$3MM <br />Vehicle Display Event <br />$1MM!$3MM <br />Vehicle Driven Event <br />$2MM/$5MM <br />Concert (Professional/Not Community Event) <br />$5MM/$5MM <br />Carnival <br />S5MMI$5MM <br />Circus <br />SSMM/SSMM <br />Dunk Tank <br />$5MM/$5MM <br />Rock Climbing <br />$5MM/$5MM <br />Martial Ms or Other Sporting Event <br />$5MM/$5MM <br />Firearms or Weapons Show <br />S5MM/$5MM <br />All Other High Risk Events <br />SSMM/SSMM <br />(ii) Workers Compensation Insurance in statutory limits for all employees and Employers Liability Insurance which affords limits of not <br />less than $1,000,000 each coverage and policy limit; <br />(iii) 'Atli Risk' property insurance, covering all of Licensee's inventory, trade fixtures, furniture, furnishings. and equipment not affixed to <br />the Event Location, end covering all of the improvements installed in the Event Location by or for the Licensee in an amount equal to the full replacement cost <br />value of all such equipment, furniture and trade fixtures. without co-insurance; and <br />(iv) If You are serving alcohol at the Event, lquor liability insurance, including coverage for bodily injury or property damage with <br />minimum limits of $2.000,000 per occurrence and S5,000,000 general aggregate <br />Alt Contractors must keep the following insurance in force with companies licensed to do business in the state or commonwealth where <br />the Shopping Center is located, during the Event Period and such other times as the Contractor occupies the Shopping Center. <br />(i) Workers Compensation Insurance In statutory limits for all employees and Employers Liability Insurance which affords limis <br />of not less than 51,000.000 each coverage and policy limit; <br />(ii) Employer's Liabllty - minimum of 5500,000 each accident $500,000 disease, policy limit; $500,000 disease, per employee; <br />Oil) Commensal General Liability (naming Owner and Manager as additional insureds) - $1,000,000 per occurrence Combined <br />Single Limit: $2.000.000 aggregate (Le., such insurance shall include contractual liability, personal Injury protection and completed operations coverage): <br />(iv) Auto Liability (if deemed appropriate by Manager) - $1.000,000 minimum; <br />(v) Property Insurance coverage for Tools and equipment brought onto and/or used on the Property by the contractor- an <br />amount equal to the replacement costs of all such tools and equipment: and <br />(vi) For any Contractors that are providing armed security services for the Event, Commercial General Liability (naming Owner <br />and Manager as additional Insureds) which affords limits of not less $2,000,000 per occurrence Combined Single Unit; 55,000,000 aggregate (Le., such <br />insurance shall include contractual liability, personal injury protection and completed operations coverage. and be primary and non-contributory to coverage <br />carried by Owner and its managing agent); <br />You shall deliver to Us certdicates of the insurance required by this Exhibit 6. The Insurance company or companies providing the <br />insurance required hereunder must have a Best Rating of A-Vltl or better. You hereby waive all subrogation rights of Your insurance carrier in favor of <br />Licensor and its partners, beneficiaries, trustees, officers, employees and agents with respect to the property damage and rental loss insurance required to <br />be carried hereunder. If You breach Your obligation to obtain and keep in effect any insurance required by this paragraph. You shalt indemnity and hold <br />Licensor harmless against any loss that would have been covered by such insurance. <br />The certificates required by this Exhibit B will provide either that (i)'Should any of the above described policies be cancelled before <br />the expiration date thereof, the issuing insurer will endeavor to mail thirty (30) days' written notice to the Cerlifxate Holder; or a "Should any of the above <br />described policies be cancelled before the expiration date thereof, notice will be delivered in accordance with the poticy provisions' Your Commercial <br />General Liability Insurance policies shall name Licensor and its management agent (and any other person or entity as may be requested by Licensor In <br />writing) as additional insureds, as their respective interests may appear, and will be primary, non-contributory and not in excess of any other coverage <br />maintained by Licensor or any other party. <br />Page 5 of 6 <br />'C0E is self insured and <br />will provide self-insurance <br />letter on request <br />