(A) No permit shall be issued under this chapter unless the applicant therefor posts and maintains with the city a policy of public liability insurance of a type described in this section. The policy shall be so conditioned that the permittee will indemnify and save harmless the city and its officers and employees from all losses, costs, damages, expenses or liabilities which may result from, or arise out of, the granting of the permit, or the installation or maintenance of the bench for which the permit is issued, and that the permittee will pay all losses or damages that may be sustained by any person as a result of, or which may be caused by or arise out of, the installation or maintenance. The policy of insurance shall be maintained in its original amount by that permittee at his or her expense at all times during the period that the permit is in effect.
(B) If two or more permits are issued to one permittee, one policy of insurance may be furnished to cover two or more benches and each policy shall be of a type that its coverage will be automatically restored immediately from and after the time of the reporting of any accident from which liability may thereafter accrue.
(C) The limit of liability upon any policy of insurance posted pursuant to the requirements of this section shall be not less than $15,000 for bodily injury to or death of one person. The permissible limit of liability for bodily injury to or death of more than one person shall depend upon the number of bench permits covered thereby and shall be not less than the amount specified in the following schedule:
Number of Bench Permits | Limit of Liability |
1 to 10 | $30,000 |
11 to 50 | $40,000 |
51 to 100 | $60,000 |