The permittee shall provide insurance in such form as shall protect the city and itself from and against any and all claims for injury or damage to persons or property, both real and personal, resulting from the construction, erection, operation or maintenance of the television system pursuant to the authority of the permit granted hereunder, in limits of not less than $500,000 for personal injury or death of any one person, $1,000,000 for personal injury or death of two or more persons in any one occurrence, and $25,000 for damage to property resulting from any one occurrence. Each policy shall provide for ten days’ notice in writing to city of change in the policy or cancellation, and said policy shall name the city, its officers, employees and agents as additional insureds.
(Prior Code, § 2.157)