The liability policy required under Section 1337.06 shall insure the person, partnership, corporation or other organization moving a building against loss from liability imposed by law for injury or death to any person, and for injury to the property of any person, including the Village, that occurs while the mover of a building is so engaged upon the streets of the Village. Such policy shall insure the mover in the amounts set forth hereafter, exclusive of interest and costs:
(a) For injury to, or for the death of, any one person, two hundred thousand dollars ($200,000);
(b) For injuries to, or for the deaths of, or for any combination of injuries and deaths of, more than one person arising from any single accident, five hundred thousand dollars ($500,000);
(c) For damage to the property of any person, including the Village, arising from any single incident, fifty thousand dollars ($50,000) per incident.