2.5 Insurance Requirements
General Insurance Coverage
You are required to carry $1,000,000 General Liability Insurance naming “King of Pops Inc” as an additional insured. Use our corporate headquarters for address if needed - 552 Decatur Street SE Atlanta GA 30312.
* Some Large Festivals, Venues and Events may require additional insurance.
Our suggested insurance provider is McGriff, which can be reached at MNguyen@mcgriff.com and TBurge@alfains.com .
You are required to carry Workers Compensation coverage as required by state law, but with limits of not less than $500,000 per accident, $500,000 per employee and $500,00 per policy.
You are required to carry Business Automobile Liability insurance including owned, leased, non-owned and hired automobiles coverage for vehicles along with any trailers used in the Pop Cart Business in an amount of not less than $1,000,000.
If your Gross Sales meet or exceed $750,000 annually in the prior year, you must also obtain Excess Commercial Umbrella Liability insurance with limits which bring the total of all primary underlying coverages to not less than $1,000,000 total limit of liability. Such umbrella liability will provide, at a minimum, those coverages and endorsements required in the underlying policies.
It is your responsibility to make sure you have the proper insurance to be operating legally.
We hold a policy on the product itself.
You are required to carry General Liability, Worker’s Compensation and Commercial Auto policies.