The grantee will maintain in full force and effect for the term of the franchise, at the grantee's expense, a comprehensive liability insurance policy with the grantor as an additional insured, written by a company authorized to do business in the state in which the cable system is located, or will provide self- insurance reasonably satisfactory to the grantor protecting the grantor against liability for loss, personal injury and property damage occasioned by the operation of the cable system by the grantee. Such insurance will be maintained in an amount not less than five hundred thousand dollars ($500,000.00). The grantee will also maintain workers' compensation coverage throughout the term of this franchise as required by law. Evidence in the form of a certificate of insurance or such self-insurance will be provided to the grantor upon request. (Ord. 255, 10-6-2003)