All participants in the parade and Lights Festival Lane are required to provide Certificates of Insurance with specific requirements and additionally-insured parties. Insurance requirements for all event participants are below, with a link to additional requirements for Lights Festival Lane participants. Please contact Ellen Farrar via email with any insurance questions or issues. (CLICK HERE to print forms noted below)
CERTIFICATE ONE- Insurance Requirements for ALL Event Partners (PARADE AND LIGHTS FESTIVAL LANE SPONSORS)
1. All insurance maintained by Partners must be placed with insurers rated not less than A-/Excellent by the then-current edition of Best’s Rating Guide.
2. Required insurance coverages (4. - 11. below) will be evidenced to MMA not less than five business days prior to the start of any activity or event et al in the form of Acord Certificate(s) Of Insurance.
3. The Certificates Of Insurance must evidence any applicable deviations from standard Insurance Services Office (ISO) or comparable forms consistent with the type of coverage being evidenced.
4. The Magnificent Mile Association is to be named certificate holder:
The Magnificent Mile Association
625 North Michigan Avenue
Chicago, IL 60611
5. On all Commercial General Liability and similar, including any Special Events Liability, insurance placements, the insurer will name as Additional Insureds The Magnificent Mile Association, The Magnificent Mile Charitable Foundation, the Officers, Directors, Employees and Agents of these two organizations and the party or parties listed in 5.
6. Additional Insureds shall also include City of Chicago, Chicago Department of Transportation, Wintrust Financial Corporation, ABC 7 Inc./WLS-TV, JM Best Entertainment Inc., Live Art International and Under The Sun Productions Inc. as additional insured.
7. Commercial General Liability insurance on the Occurrence basis with coverage limits of not less than $3,000,000 any one occurrence and $3,000,000 in the aggregate for Bodily Injury, Personal Injury and/or Property Damage. Coverage must be explicitly included for Volunteers of the Partner applicable to any activities of the Partner and MMA. A following form Umbrella Liability policy may be utilized to satisfy this requirement.
8. Commercial Automobile Liability insurance with coverage limits of not less than $1,000,000 per accident for Bodily Injury and/or Property Damage. If the Partner owns and/or leases any vehicles, the coverage should be on the “any vehicle” (Symbol 1) basis and if the Partner neither owns nor leases any vehicle(s), the coverage should be on the “hired and non-owned vehicles” (Symbols 8 and 9) basis. A following form Umbrella Liability policy may be utilized to satisfy this requirement.
9. Special Form, Replacement Cost Valuation Property insurance on any assets owned / leased by the Partner which will be utilized in and / or for any engagement with MMA.
10. Workers’ Compensation / Employer’s Liability insurance providing not less than Illinois statutory benefits / $500,000 per injury and/or illness. There must be disclosure if any Owners, Officers, Partners and / or LLC Members of the Partner are excluded from such coverage.
11. CyberSecurity Insurance written on a form acceptable to MMA providing not less than $500,000 coverage limits per occurrence and subject to a deductible of not more than $10,000 per occurrence. Coverage on the Claims-Made form is acceptable.
12. Errors & Omissions / Professional Liability insurance with limits of liability not less than $500,000 per occurrence … in the event the Partner is providing any professional service(s) [those which commonly require specialized education and / or training and where a Fiduciary reliance upon the Partner is inherent ] to MMA. Coverage on the Claims-Made form is acceptable.
CERTIFICATE TWO must be provided by LIGHTS FESTIVAL LANE SPONSORS for Pioneer Court (401 N. Michigan Avenue) detailing the attached list as additional insured. The Pioneer Court's rules and regulations must also be signed and returned.
CLICK HERE FOR PIONEER COURT INSURANCE REQUIREMENTS
CERTIFICATE THREE must be provided by LIGHTS FESTIVAL LANE SPONSORS for Tribune Tower (444 N. Michigan Ave.) detailing the attached list as additional insured.
CLICK HERE FOR TRIBUNE TOWER INSURANCE REQUIREMENTS
CERTIFICATE FOUR must be provided by LIGHTS FESTIVAL LANE SPONSORS for Tribune Tower Residences detailing the attached list as additional insured.
CLICK HERE FOR TRIBUNE TOWER RESIDENTIAL INSURANCE REQUIREMENTS