(A) In addition to the bond required in § 153.23, the permittee shall carry a policy of standard comprehensive public liability insurance, including contractual liability covering bodily injuries and property damage, naming the permittee and the city, with an insurance company authorized to do business within the state.
(B) Such policy in the aggregate shall provide for the following minimum coverages:
(1) Bodily injuries of $100,000, one person; $300,000, one accident.
(2) Property damage, $100,000.
(C) The permittee shall file with the Director of Public Works, along with the application, a certificate of insurance as above stated. The insurance policy or policies shall not be cancelled without written notice to the Director at least ten days prior to the effective date of such cancellation. In the event such insurance policy or policies are cancelled, the permit granted under such policy shall cease until the permittee files additional insurance as provided herein.
(Ord. 380, passed 11-17-80)