Refreshments
The reserving party may provide refreshments with advance approval of the Association staff. If the reserving party wishes to have the event catered, the caterer must provide the Association with proof of insurance and meet all requirements (refer to Vendors section below).
Vendors
Vendors must be self-sufficient and must furnish all necessary supplies and equipment. All vendors (caterer, band, DJ, rental Supply Company, etc.) must be approved by the Association staff in advance to ensure that the vendors comply with necessary permits and meet the minimum insurance requirements. At least two weeks before the event, each vendor must provide the Association with a certificate of insurance naming Inspiration Residential Association, Inc. as the certificate holder that meets the following minimum insurance requirements:
Commercial General Liability
$1,000,000 Occurrence
$1,000,000 Personal Injury
$1,000,000 Products/Operation
$1,000,000 General/Aggregate
Automobile Liability
$500,000/$1,000,000 Bodily Injury
Worker’s Compensation
Statutory limits
Homeowners’ insurance policies do not cover an individual for business-related actions and, therefore, will not be accepted as a vendor’s proof of insurance. Contracting with unapproved vendors places the Association in deliberate risk. If the vendor does not have insurance or does not meet the minimum insurance requirements, a one-time insurance policy must be purchased by the vendor meeting the Association’s requirements. No exceptions will be made. Disregarding this policy will result in the following disciplinary actions:
1st Offense Written Warning
2nd Offense $500 Fine
3rd Offense Indefinite Loss of Room Rental Privileges