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compensation and unemployment insurance required for the individuals performing <br /> services hereunder, and the City shall have no obligation whatsoever in this regard. <br /> 4. Independent Contractor. The Corporation and neither it nor any of its <br /> volunteers, employees or agents performing services hereunder shall be an employee <br /> of the City. The Corporation is an independent contractor and it shall retain control <br /> over the manner and means of the work set forth above. The Corporation <br /> understands and acknowledges that the City shall not provide any benefits of any type <br /> in connection with this Agreement, including but not limited to health or medical <br /> insurance, workers compensation insurance, or unemployment insurance. The <br /> Corporation shall in no case have the power to bind or obligate the City in any way to <br /> any third-party. <br /> 5. Insurance. <br /> a. The Corporation shall provide comprehensive general liability <br /> insurance for bodily injury and property damage with a combined single limit of <br /> $1,000,000 per occurrence. Such comprehensive general liability insurance <br /> shall include, but not be limited to, coverage for mechanically-operated <br /> amusement devices, alcohol sales, and fireworks displays. The policies of <br /> insurance shall name the City of Mounds View as an additional insured. <br /> b. The Corporation shall provide evidence of automobile and mobile <br /> equipment insurance coverage for all motorized vehicles used in connection <br /> with work under this Agreement with a combined single limit for bodily injury <br /> and property damage of not less than $1,000,000 per occurrence. <br /> C. The Corporation shall provide Workers' Compensation coverage <br /> in the statutory amount required for all individuals performing services under <br /> this contract such as contractors' employees, subcontractors, independent <br /> contractors, etc. <br /> d. The Corporation shall provide Employer's Liability insurance <br /> coverage (Part B. of the Workers' Compensation Policy) in the amount of <br /> $100,000 bodily injury each accident, bodily injury by disease $500,000 policy <br /> limit, $100,000 bodily injury by disease each employee. <br /> e. A Certificate of Insurance showing coverage as indicated above <br /> with a carrier that is acceptable to the City of Mounds View as well as a copy of <br /> all policies of insurance shall be submitted to the City Administrator at least 30 <br /> days prior to the Festival. The City reserves the right to reject the carrier if it is <br /> not an A+ carrier licensed to do business in the State of Minnesota. <br /> f. Nothing herein shall be construed as a waiver of any immunity or <br /> limitation on liability to which the City is entitled under law. <br /> 6. Termination. If either party fails to perform its obligations under this <br /> Agreement, the other party may terminate this Agreement by giving written notice of <br /> the intention to terminate to the other party at least thirty (30) days prior to such <br /> termination, provided, however, that if Corporation's failure to perform its obligations <br />