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[kEv] BBWF Asia: Legal minds please check - need insurance for booth...
I know this is boring stuff but if you have purchased insurance
recently for your business then let me know who I should go to. IEC
want us to purchase insurance for the booth.
Also, can a legal mind please check over this:
INSURANCE
Exhibitor agrees to defend, indemnify, and hold harmless
International Engineering
Consortium (IEC), Broadband World Forum Asia, and their officers,
employees, agents
successors and assigns (indemnified parties) from any suit or claim
for loss or damage
(including death, personal injury, and/or property damage) arising
out of, or in
connection with, Exhibitor’s act or failure to act under this
agreement. IEC agrees to
notify Exhibitor of any claim promptly after IEC receives notice. If
Exhibitor fails to
acknowledge that it will defend such a claim within ten (10) days of
receipt of notice, the
IEC shall have the right to do so at Exhibitor’s expense. Exhibitor
agrees to waive any
and every claim which arises in its favor for any and all loss or
damage covered by valid
and collectible insurance policies to the extent of the insurance
proceeds paid with
respect thereto. Inasmuch as the waiver will preclude the assignment
of the aforesaid
claim by way of subrogation to an insurance company (or other
person), Exhibitor shall
notify its insurers of such waiver.
Certificate of Insurance
All Exhibitors will provide the organizer with a copy of and will
maintain the following
insurance for the entire period of the Exhibition.
a) Worker’s Compensation Insurance to meet statutory requirements and
Employers
Liability Insurance with limits not less than $500,000
b) General Liability Insurance having combined single limit for
bodily injury and
property damage in an amount not less than $2,000,000 per occurrence
and in the
aggregate. Coverage under this insurance shall include Contractual
Liability,
Product Liability, and Personal Injury Liability.
Cheers Daniel