5.28.100 Required insurance.
A. Before any permit is issued for an itinerant vendor that will operate on public property, the applicant shall furnish one or more policies or certificates of liability insurance issued by an insurance company authorized to do business in the state and reflecting the applicable coverage:
1. A vendor of food or beverages shall have general liability including products liability insurance in the amount of $1,000,000 combined single limit (CSL), bodily injury and property damage per occurrence and $2,000,000 aggregate.
2. A vendor may be covered under an special event organizer’s general liability including products liability insurance. An event sponsor, including recognized special events, is responsible for providing the city of Palmer with an additional insured and waiver of subrogation endorsement that includes the sponsor and all itinerant vendor permit holders.
B. No policy of insurance offered pursuant to this section shall be acceptable unless it is issued by an insurance company authorized to do business in Alaska or by an insurance company rated “A” or “B” by A.M. Best and Co. In addition, the policy must be approved by the municipal risk manager or the city’s insurance broker as to matters of form. (Ord. 20-001 § 11, 2020; Ord. 19-004 § 3, 2019; Ord. 12-011 § 3, 2012; Ord. 447 § 3, 1992)