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Docusign Envelope ID:FC34B38A-2847-434C-98D8-9987C39B3683
<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 Staff's 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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