(a) Prior to the issuance of a license, the Building Inspector shall require an applicant to furnish the following:
(1) A license bond in the sum of ten thousand dollars ($10,000) from an acceptable insurance carrier;
(2) A certificate of liability insurance in a minimum amount of one hundred thousand dollars ($100,000);
(3) A copy of a workers' compensation certificate; and
(4) A complete Regional Income Tax Agency (R.I.T.A.) Municipal Income Tax Registration form.
(Ord. 24-91. Passed 6-24-91; Ord. 137-12. Passed 12-10-12.)
(b) Indemnification Bond.
(1) Before approval of any application for a Certificate of Registration by the Chief Building Official and Income Tax Division, every applicant shall furnish and file with the Chief Building Official a bond in the amount of ten thousand dollars ($10,000), which bond shall be furnished by a reputable bonding company, acceptable to the City, and approved as to form by the Director of Law. Such bond shall guarantee full and faithful compliance by the applicant with all provisions of this Building and Housing Code, ordinances of the City and/or rules and regulations, and shall bind the surety thereon to correct or abate any violation of this Building and Housing Code, ordinances of the City or such rules and regulations, whenever the applicant for a Certificate of Registration named as the principal on such bond refuses, neglects or fails to correct or abate such violation within a reasonable time limit set by the Chief Building Official. Such bond shall provide, and it shall be so stated therein, that it shall inure to the benefit of any person making a complaint of such violation, as well as to the City.
(2) Further, by accepting a license from the City, any approved applicant for the license shall be deemed to have consented to indemnify and save harmless the property owner and the lessee, tenant or other person contracting for work and materials, guaranteeing that all workmanship and materials are in conformity with this Building and Housing Code, ordinances of the City or such rules and regulations, to protect the City and the said property owner, lessee, tenant or other person contracting for the aforesaid services, from all loss and damage that may be occasioned in anyway by accident, negligence or want of care, skill or attention by the principal or the agents of the principal in performing such work.
(3) This change in the amount of the bond shall become effective for all licenses after this change is adopted by Council and becomes law. Bonds in effect at the time of adoption of this change shall not be required to be increased for the calendar year in which they were issued.
(4) If, in the opinion of the Building Commissioner, the work to be performed under this chapter amounts to one thousand dollars ($1,000) or less for labor and materials, per permit, he or she may waive all compliance with the bond requirements of this chapter.
(c) Liability Insurance.
(1) Each applicant for a license under this chapter shall furnish evidence of insurance for bodily injury in the amount of one hundred thousand dollars/three hundred thousand dollars ($100,000/$300,000), and for property damage in the amount of at least fifty thousand dollars ($50,000).
(2) If, in the opinion of the Building Commissioner, the work to be performed under this chapter amounts to one thousand dollars ($1,000) or less for labor and materials, per permit, he or she may waive all compliance with the insurance requirements of this chapter.
(Ord. 122-15. Passed 9-14-15.)