(A) As a part of the indemnification provided by § 111.056, but without limiting the foregoing, each grantee shall file with the application a certificate of insurance verifying that the grantee has obtained, and at all times thereafter shall maintain in full force and effect at its sole expense, an acceptable policy or policies of liability insurance, including comprehensive general liability insurance products/completed operations liability, personal injury liability, owners and contractors protective liability, broad form property damage contractual liability, automobile liability for owned, non-owned, and hired automobiles, workers’ compensation, and employer liability.
(B) The policy or policies shall name as additionally insured the town government, and in their capacity their officers, agents, and employees. The grantee and the town government and officers, agents, and employees shall be named as co-insured, and the policy or policies shall contain cross-liability endorsements. Policies of insurance shall be in the minimum single limit amount of $5,000,000 per occurrence, unless the Town Council determines that a lesser coverage amount is appropriate. The insurance policy or policies shall contain contractual liability insurance naming the grantee, insure against the types of liabilities covered by the indemnification and hold harmless the provisions of § 111.056.
(C) The form and substance of the policy or policies of insurance shall also be subject to approval by the Town Council. The policy or policies of insurance shall be maintained by the grantee in full force and effect during the entire term of the franchise.
(2011 Code, § 111.052) (Ord. 2000-4, passed 7-17-2000)