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No person shall rent a vessel within the harbor, or provide fishing, entertainment or passenger services on a vessel within the harbor, for monetary or other consideration, without first: (1) obtaining commercial general liability insurance, issued by an insurer authorized to insure in Illinois, with limits of not less than $1,000,000.00 per occurrence for bodily injury and property damage or in an amount and form approved by the risk manager in the department of finance; and (2) filing with the commissioner of transportation proof of the required insurance. In addition to the requirements stated above, and apart from and separate from any insurance requirement under this section, any person providing any of the services above-mentioned shall indemnify, defend and hold the City of Chicago and its assignees and employees harmless from all losses, damages, injuries, claims, demands and expenses arising out of the person's use of the harbor, rental of vessels and providing of services described in this section. The risk manager shall not approve any form of insurance under this section unless: (1) the City of Chicago is named as additional insured on a primary, noncontributory basis for any liability or claim arising directly or indirectly from the person's use of the harbor, rental of vessels and providing of services described in this section; and (2) the policy of insurance requires at least 30 days' prior notice of cancellation to every insured.
(Added Coun. J. 12-10-97, p. 59008; Amend Coun. J. 10-28-15, p. 11951, Art. VI, § 42; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 41)