(A) Worker’s compensation. The contractor shall take out and maintain, during the term of his or her contract, worker’s compensation insurance for all employees employed to carry out the terms of the contract. This insurance shall conform to the requirements set forth in Sections 5, 68 and 69 of the Worker’s Compensation Act, Burns Indiana Annotated Statutes Sections 40-1601 and 40-1602. This insurance shall conform to all state law requirements, including, but not limited to I.C. 22-3-5.
(B) Public liability and property damage. The contractor shall take out and maintain during the term of the contract such public liability and property damage insurance to protect him or her and any subcontractor performing work under the contract from claims for damages for personal injury, including accidental death, as well as from claims for property damage which may arise from operations under the contract, whether such operations be by himself or herself or any subcontractor or by anyone directly or indirectly employed by either of them. The amounts of the insurance shall be as follows:
(1) Public liability insurance in an amount not less than $100,000 for injuries, including accidental death to any one person, and subject to the same limit for each person in an amount not less than $300,000 on account of one accident; and
(2) Property damage in an amount of not less than $50,000.
(C) Certificate of insurance requirement. The contractor shall furnish the town a certificate of compliance with all the foregoing insurance requirements. Failure to do so is cause for immediate cancellation of the contract.
(Ord. 1977-16, passed 11-7-77)