PRIOR TO THE RELEASE OF EQUIPMENT, THE LESSEE MUST PROVIDE ZTV BROADCAST SERVICES WITH A CERTIFICATE OF INSURANCE DETAILING THE FOLLOWING LEVELS OF COVERAGE:

 

• COVERAGE SHOULD SPECIFY REPLACEMENT COST (AT THE FULL COST TO REPAIR OR REPLACE SUCH PROPERTY AT THE TIME OF LOSS WITH EQUIVALENT, NEW EQUIPMENT, OR ITS SUCCESSOR TECHNOLOGY WITHOUT DEDUCTION FOR DEPRECIATION) AND ALL RISK COVERAGE.

 

• INSURANCE CERTIFICATE SHOULD STATE THAT EQUIPMENTCOVERAGE INCLUDES LOSS OR USE OR LOSS OF RENTAL FEES.

 

• GENERAL LIABILITY INSURANCE COVERING BODILY INJURY AT $2,000,000 AND PROPERTY DAMAGE WITH AN INSURANCE LIMIT OF NO LESS THAN $1,000,000 FOR EACH OCCURANCE

 

• CERTIFICATE SHOULD CONTAIN A CLAUSE REQUIRING FIFTEEN (15) DAYS WRITTEN NOTICE OF CANCELLATION OR MATERIAL CHANGE IN COVERAGE.

 

• CERTIFICATE SHOULD CLEARLY STATE THAT LESSEE’S EQUIPMENT AND COMMERCIAL GENERAL LIABILITY INSURANCE IS PRIMARY AND NOT CONTRIBUTING TO ANY OTHER INSURANCE MAINTAINED BY ZTV BROADCAST SERVICES INC. OR ITS SUBSIDIARIES, PARENTS OR AFFILIATES.

 

• POLICY TERRITORY SHOULD BE SPECIFIED (I.E. WORLDWIDE, NORTH AMERICA, ETC.)

 

• ZTV BROADCAST SERVICES INC. SHOULD BE SHOWN AS LOSS PAYEE WITH RESPECT TO RENTED EQUIPMENT AND AS AN ADDITIONAL INSURED WITH RESPECT TO LIABILITY INSURANCE.

 

 PLEASE FORWARD THIS DOCUMENT TO YOUR INSURANCE BROKER TO FACILITATE ISSUANCE OF ACCURATE DOCUMENTATION.  IF ANY OF THE ABOVE ITEMS ARE NOT SPECIFICALLY EVIDENCED ON THE CERTIFICATE OF INSURANCE, IT WILL NOT BE ACCEPTED.