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Docusign Envelope ID: FC34B38A-2847-434C-9BD8-9987C39B3683
<br />MINIMUM SCOPE AND LIMIT OF INSURANCE
<br />Coverage shall be at least as broad as:
<br />• Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an "occurrence" basis, including
<br />products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than
<br />$1,000,000 per occurrence and $2,000,000 general aggregate.
<br />• Technology Professional Liability Errors and Omissions Insurance (E&O): appropriate to Veritone, Inc.'s profession and work
<br />hereunder, with limits not less than $2,000,000 per occurrence and $2,000,000 aggregate. Coverage shall be sufficiently broad
<br />to respond to the duties and obligations as is undertaken by the Veritone, Inc. In this agreement and shall include, but not be
<br />limited to, claims involving business interruption, damage to or destruction of electronic information, and alteration of
<br />electronic information. The policy shall provide coverage for Veritone, Inc.'s failure to provide professional services and/or
<br />products under this Agreement. The Policy shall include, or be endorsed to include, damage to, alteration of, loss of, or
<br />destruction of electronic data and/or Information "property" of Licensee in the care, custody, or control of Veritone, Inc.
<br />• Workers' Compensation (W/C): as required by the State of California, with statutory limits, and Employer's Liability Insurance
<br />with limits of no less than $1,000,000 per accident, policy, employee, for bodily injury or disease.
<br />If Veritone, Inc. maintains broader coverage and/or higher limits than the minimums shown above for any line of coverage,
<br />Licensee requires and shall be entitled to the broader coverage and/or the higher limits maintained by Veritone, Inc.. Any available
<br />Insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to Licensee.
<br />Other Insurance Provisions
<br />The above required Insurance policies are to contain or be endorsed to contain the following provisions:
<br />• City of Santa Ana, its City Council, its officers, officials, employees, agents, and volunteers are to be covered as additional
<br />insureds, under Veritone, Inc.'s CGL, and E&O policies, with respect to any liability arising out of work or operations performed
<br />by or on behalf of the Veritone, Inc. Including materials, parts, equipment, and personnel furnished in connection with such
<br />work or operations.
<br />• Veritone, Inc.'s Insurance companies agree to waive all rights of subrogation against City of Santa Ana, its City Council, its
<br />officers, officials, employees, agents, and volunteers for losses paid under the terms of any policy which arise from work
<br />performed by Veritone, Inc. under this Agreement.
<br />• For any claims related to this contract, Veritone, Inc.'s insurance coverage shall be primary and any insurance maintained by
<br />City of Santa Ana, its City Council, Its officers, officials, employees, agents, or volunteers shall not contribute with it.
<br />• A severability of interest provision must apply for all the additional insureds, ensuring that Veritone, Inc.'s insurance shall
<br />apply separately to each insured against whom a claim is made or suit is brought, except with respect to the insurer's limits of
<br />liability.
<br />• Insurance policies required herein shall provide that coverage shall not be canceled, suspended, voided, reduced in coverage
<br />or in limits, non -renewed by the carrier, or materially changed except after thirty (30) days prior written notice has been given
<br />to City. Ten (10) days prior written notice shall be provided to City for policy cancellation or non -renewal due to non-payment
<br />of premium.
<br />• Certificate Holder on each Evidence of Insurance certificate shall be: City of Santa Ana, Attention: (Name of Department
<br />Staff Responsible for Agreement), 20 Civic Center Plaza M-XX (Responsible Staffs Department Mail Box), Santa Ana, CA
<br />92701. The name and location of project must be included in the Description of Operations section of each certificate.
<br />Self -Insured Retentions
<br />Self -insured retentions must be declared to and approved by Licensee. Licensee may require Veritone, Inc. to provide proof of
<br />ability to pay losses and related investigations, claim administration, and defense expenses within the retention.
<br />Acceptability of Insurers
<br />Insurance is to be placed with insurers authorized to conduct business in the state of California with a current A.M. Best rating
<br />of no less than A-:VII, unless otherwise acceptable to Licensee.
<br />Claims Made Policies
<br />If any of the required policies provide coverage on a claims -made basis:
<br />• The retroactive date must be shown and must be before the date of the contract.
<br />• Insurance must be maintained and evidence of insurance must be provided for at least three (3) years after completion of
<br />work.
<br />• If coverage is canceled or non -renewed, and not replaced with another claims -made policy form with a retroactive date prior
<br />to the contract effective date, Veritone, Inc. must purchase "extended reporting" coverage for a minimum of three (3) years
<br />after completion of work.
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