Upon issuance of the permit, and at all times during the time the permit is in effect, the permittee shall comply with the following insurance requirements:
A. The permittee shall carry, maintain, and keep in full force and effect, a policy or policies of comprehensive general liability insurance with minimum limits of one million dollars ($1,000,000.00) per occurrence, combined single limit coverage and two million dollars ($2,000,000.00) in the aggregate against any injury, death, loss or damage as a result of wrongful or negligent acts or omissions by the permittee.
B. The permittee shall carry, maintain, and keep in full force and effect, insurance coverage commonly known as garage keeper's legal liability coverage with minimum limits of two hundred fifty thousand dollars ($250,000.00) per occurrence and one million dollars ($1,000,000.00) in the aggregate. Garage keeper's legal liability coverage may be secured as a separate insurance policy or secured as part of an insurance policy or secured as part of an insurance policy providing other required coverages.
C. The permittee shall carry, maintain, and keep in full force and effect, a policy or policies of comprehensive vehicle liability insurance covering personal injury and property damage with minimum limits of one million dollars ($1,000,000.00) per occurrence, combined single limit, covering any vehicle in the possession of the permittee, its agents and employees in conjunction with the operation of vehicles pursuant to the permit.
D. The permittee shall carry, maintain, and keep in full force and effect workers' compensation insurance as required by law.
E. Deductibles not to exceed five thousand dollars ($5,000.00) per occurrence are authorized in connection with the comprehensive general liability coverage, garage keeper's legal liability coverage, and comprehensive vehicle liability coverage.
F. The permittee shall maintain on file with the city clerk a certificate or certificates of insurance on the city's form, showing that the policies of insurance required by this section are in effect in the required amounts and showing the amount of any deductibles. The policies of insurance required by this section shall contain an endorsement naming the city as an additional insured. All of the policies required under this section shall contain an endorsement specifically stating that the coverage contained in the policies affords insurance pursuant to the terms and conditions as set forth in this section.
G. The insurance provided by the permittee shall be primary to any coverage available to city. The policies of insurance required by this section shall include provisions for waiver of subrogation.
H. The insurance required by this section shall comply with the provisions of title 3, chapter 4 of this code. (Ord. 99-O-2328, eff. 6-4-1999)