The grantee shall obtain and maintain in full force and effect, for the entire term, the following insurance covering risks associated with the grantee’s ownership and use of grantee facilities and the public ROW:
(A) Commercial general liability insurance covering all operations by or on behalf of the grantee for bodily injury and property damage, including completed operations and contractors liability coverage, in an amount not less than $2,000,000 per occurrence and in the aggregate.
(B) Business automobile liability insurance to cover any vehicles used in connection with its activities under this franchise, with a combined single limit not less than $ 1,000,000 per accident.
(C) Workers’ compensation coverage as required by law and employer’s liability insurance with limits of $1,000,000. With the exception of workers’ compensation and employers liability coverage, the grantee shall name the city as an additional insured on all applicable policies. All insurance policies shall provide that they shall not be canceled or modified unless 30 days prior written notice is provided to the city. The grantee shall provide the city with a certificate of insurance evidencing such coverage as a condition of this franchise and shall provide updated certificates upon request.
(D) In lieu of insurance. In lieu of the insurance policies required by this § 100.19, the grantee shall have the right to self-insure any and all of the coverage outlined hereunder. If the grantee elects to self-insure, it shall do so in an amount at least equal to the coverage requirements of this § 100.19 in a form acceptable to the city. The grantee shall provide proof of self-insurance to the city before this franchise takes effect and thereafter upon request by the city.
(Ord. 2010-03-01, passed 3-10-2010; Ord. 2010-04-01, passed 5-13-2010)