Each TSEP permit applicant may be required to provide sufficient liability insurance, naming the City as an additional named insured. The insurance shall be sufficient to protect, defend, and indemnify the City, its agents, employees, officers, and volunteers from and against any claim, damage, injury, liability, and loss of any nature arising out of, or in any way connected to, the event. The amount, quality, and type of insurance shall be determined in compliance with the policies established by the Administrative Services Director in coordination with any other agency providing services.