INTERNATIONAL PROMOTIONS, INC. (DBA FIESTA DE CARNAVAL)

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#6302vl B. Business automobile liability insurance, or equivalent form, with a combined single limit of not less than $1,000,000 per occurrence. Such insurance shall include coverage for, owned, hired and non -owned automobiles. C. Worker's Compensation Insurance. In accordance with the provisions of Section 3700 of the Labor Code, Provider, if Provider has any employees, is required to be insured against liability for worker's compensation or to undertake self-insurance. Prior to commencing the performance of the work under this Agreement, Provider agrees to obtain and maintain any employer's liability insurance with limits not less than $1,000,000 per accident. D. If Provider is or employs a licensed professional such as an architect or engineer: Professional liability (errors and omissions) insurance, with a combined single limit of not less than $1,000,000 per claim with $2,000,000 in the aggregate. &. The following requirements apply to the insurance to be provided by Provider pursuant to this section: I) Provider shall maintain all insurance required above in full force and effect for the entire period covered by this Agreement. 2) Certificates of insurance shall be furnished to the City upon execution of this Agreement and shall be approved by the City. 3) Certificates and policies shall state that the policies shall not be canceled or reduced in coverage or changed in any other material aspect without thirty (30) days prior written notice to the City. 4) In the event that Provider has insurance coverage in excess of the required amounts, City will get the benefit of Provider's additional insurance coverage. F. If Provider fails or refuses to produce or maintain the insurance required by this section or fails or refuses to furnish the City with required proof that insurance has been procured and is in force and paid for, the City shall have the right, at the City's election, to forthwith terninate this Agreement. Such termination shall not affect Provider's right to be paid for its time and materials expended prior to notification of termination. Provider waives the tight to receive compensation and agrees to indemnify the City for any work performed prior to approval of insurance by the City. Provided however, that prior to terminating the Agreement, City shall provide Provider with seven (7) calendar days' written notice of the default and allow Provider to cure the default by providing said insurance during the seven day period following Provider's receipt of written notice of the default. Agreement for Carnival Services for Fiestas Patrias 2019 Page 9