The insurance requirements are met if the person, partnership, or corporation secures insurance covering all heating and cooling work and any related construction activity accomplished by the licensee or under permits obtained by the licensee and which runs for the calendar year (or the balance of the licensure period if it is shorter) and thereafter maintains such insurance in full force and effect for the calendar year:
(A) A public liability and property damage insurance policy naming the licensee and the city as the assured, and providing also for the payment of any liability imposed by law on such licensee or the city in the minimum amounts of $300,000 for any occurrence relative to which there is injury or death to one or more persons and $100,000 for any occurrence relative to which there is damage to property. A certificate of such policy shall be delivered to the Building Commissioner.
(B) Workmen's compensation insurance covering the personnel employed whenever construction activity is accomplished by the licensee or on projects for which the licensee obtains permits. A certificate of such insurance shall be delivered to the Building Commissioner.
(Ord. 29-1977, passed 10-17-77)