A. Liability And Hazard Insurance: Every contractor granted a license under this chapter shall maintain comprehensive general liability coverage including completed operations in an amount not less than one million dollars ($1,000,000.00) single limit liability for personal injury, death and property damage, provided however if the work to be done is limited to excavation in an easement situated entirely on private property or is for construction of a concrete sidewalk, curb or gutter located within a street right-of-way and parallel with adjoining private property, the amount of such insurance shall be not less than one hundred thousand dollars ($100,000.00), single limit. Coverage for underground hazard shall also be included. Contractors engaged in work requiring the use of explosives or work that may endanger or cause the collapse of adjacent buildings or facilities shall also carry explosion and collapse hazard coverage with a minimum limit of five hundred thousand dollars ($500,000.00) single limit liability for personal injury, death and property damage. This coverage may be carried on an individual "project" or "permit" basis where the need for such coverage is applicable. Each policy as required above shall carry an endorsement naming the City of Chubbuck as an additional insured under said policy. Each policy shall also contain a clause requiring that the City be given at least thirty (30) days' advance written notice in the event of anticipated cancellation of the policy or any coverage under the policy. Certificates of insurance evidencing the required coverage shall be filed with the City Engineer along with the contractor's license application.
B. Workers' Compensation Insurance: Contractors with employees shall carry statutory workers' compensation insurance with at least five hundred thousand dollars ($500,000.00) employer's liability per occurrence. A certificate of insurance evidencing such workers' compensation coverage as set forth above shall be filed with the City prior to the issuance of a license under this chapter.
C. Bond: Prior to performing work within any public street, alley, easement or other public right-of-way of the City, all licensees shall execute and deposit with the City Engineer either a bond in favor of the City or an equal amount in cash to ensure proper and adequate performance of all work within a public right-of-way in accordance with this chapter and of the "Public Right-Of-Way Construction" chapter of this title. The amount of such bond shall be in an amount set from time to time by resolution of the Council. A surety may cancel its future liability under any bond furnished hereunder by giving the City thirty (30) days' advance written notice of the intention to cancel. Cancellation shall not affect any liability which may have accrued under the terms of the bond prior to cancellation. A license shall be subject to revocation whenever a bond is canceled unless a comparable bond is furnished at the time of cancellation of the original bond. (Ord. 781, 2018)