The developer/permittee shall maintain the following insurance coverage:
(A) A commercial general liability insurance policy with a financially responsible insurance company providing for: a limit of not less than $1,000,000 for personal or bodily injury or death to any one person; and for a limit of not less than $3,000,000 for personal or bodily injury or death to any number of persons arising from any one occurrence; and for a limit of not less than $1,000,000 for any instance of property damage;
(B) Worker’s compensation coverage in an amount required by state law. The developer/permittee shall require subcontractors and others not protected under its insurance to obtain and maintain worker’s compensation and employers’ liability insurance;
(C) Umbrella liability insurance with coverage to be in excess of the insurance required above. Limits of liability shall not be less than $3,000,000 for each occurrence and $3,000,000 in aggregate;
(D) The township shall be identified as an additional insured on all insurance policies referenced herein. No policy of insurance shall be cancelled without first providing the township with at least 30 days prior written notice of intent to cancel;
(E) Certificates of insurance evidencing compliance with these requirements shall be provided to the township. All policies other than workers’ compensation shall be written on an occurrence and not on a claims made basis; and
(F) Coverage limits contained in this section may be revisited by the Board of Supervisors from time to time. The developer/permittee will be required to provide updated insurance certificates to document the amended adequate coverage limits.
(Ord. 5-2006, passed 12-7-2006)