The company shall indemnify, protect, and save harmless the city from and against losses and physical damage to property, and bodily injury or death to persons, including payments made under any workmen's compensation law, which may arise out of or be caused by the erection, maintenance, presence, use, or removal of all CATV equipment of any kind or nature whatsoever within the city, or by any act of the company, its agents or employees, or in any way arising out of the granting of this franchise. The company shall carry insurance to protect itself and the city from and against all claims, demands, actions, judgements, costs, expenses, and liabilities which may arise or result, directly or indirectly from or by reason of such loss, injury, or damage. Such insurance policy shall specifically provide that the city shall be a named insured. The amounts of such insurance against liability due to physical damage to property shall be not less than $1,000,000 aggregate in any single policy year; and against liability due to bodily injury or death of persons, not less than $1,000,000 as to any one person, and not less than $1,000,000 as to all such claims arising from any one accident. The company shall also carry such insurance as it deems necessary to protect it and the city from all claims under the workmen's compensation laws in effect that may be applicable to the company. All insurance required by this agreement shall be and remain in full force and effect for the entire period of this agreement. The policies of insurance, or a certified copy or copies thereof, shall be mutually approved by the City Attorney and the company and shall be deposited with and kept on file by the City Clerk-Treasurer.
(Ord. 2-1976, passed 8-2-76; Am. Ord. 3-1993, passed 4-19-93)