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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