(a) As a condition for the issuance of a certificate of registration to a general contractor or a contractor doing heating, plumbing sewer or electrical work as herein provided, such contractor shall give bond to the Municipality, in the principal sum of thirty thousand dollars ($30,000) conditioned that such contractor performs all work to be done by the contractor under the respective trade in conformity with all approved plans and specifications, and all of the laws of the State and the ordinances of the Municipality and that upon default of such performance the obligation of the bond becomes effective. The form of the bond shall be such as the Chief Administrative Officer prescribes, and no certificate of registration shall become effective until the bond as herein prescribed has been filed with the Municipality.
(b) Each contractor and general contractor registered by the Municipality shall provide proof of liability insurance in the form of a certificate of insurance with limits no less than five hundred thousand dollars ($500,000) per occurrence, one million dollars ($1,000,000) aggregate. The Municipality shall be an additional insured party and a copy of the general liability insurance endorsement that indicates the Municipality is an additional insured shall be provided to the Chief Administrative Officer as a condition of registration. (Ord. 2011-46. Passed 7-11-11.)