(a) In order to be registered with the Municipality, every contractor must maintain the following insurance:
(1) Commercial general liability insurance on an occurrence basis in a combined single limit of not less than five hundred thousand dollars ($500,000) per occurrence;
(2) If the contractor has employees, employer's liability insurance with a limit of not less than five hundred thousand dollars ($500,000) per occurrence;
(3) Automobile liability insurance with a limit of not less than five hundred thousand dollars ($500,000) per occurrence;
(4) If the contractor will perform work in the public right-of-way, an umbrella liability insurance policy with a limit of not less than one million dollars ($1,000,000); and
(5) Workers compensation insurance in the amount required by law.
(b) Every policy of insurance required by divisions (1) through (4) of division (a) of this section shall be issued by a solvent insurance carrier licensed to engage in the business of insurance in Ohio and shall designate the Municipality as an additional insured. The commercial general liability insurance policy must contain a provision that the policy may not be cancelled, terminated or materially changed except upon at least thirty days prior written notice to the Municipality.
(c) Every application for a certificate of registration and qualification shall be accompanied by certificates evidencing that the insurance policies required by divisions (a) and (b) of this section are in effect.
(d) Every application for a certificate of registration and qualification shall be accompanied by a contractor's bond in the amount of five thousand dollars ($5,000) on the Municipality's approved form and executed by the applicant and a solvent surety company licensed to engage in the business of insurance in Ohio.
(Ord. 50-2018. Passed 4-9-18.)