A license shall be granted to all qualified applicants who have passed the examinations required under Section 15-4-440 and who have delivered to the fire commissioner satisfactory evidence of the existence of a commercial general liability insurance policy issued by an insurance company authorized to insure in Illinois, insuring the public in an amount of not less than $300,000.00 per occurrence for bodily injury, personal injury and property damage arising in any way from the issuance of the license or activities conducted pursuant to the license. The insurance coverage shall include products and completed operations liability. The insurance policy required under this section shall: (1) name the City of Chicago as additional insured on a primary, noncontributory basis for any liability arising directly or indirectly from the licensee's operations; and (2) be in full force and effect throughout the duration of the license.
(Prior code § 90-45; Amend Coun. J. 5-18-16, p. 24131, § 81; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 49)