No such permit shall be issued until and unless the applicant therefor, in addition to all other requirements set forth, shall file and maintain with the Director evidence of a satisfactory public liability insurance policy including uninsured and under-insured motorists, covering all operations of the applicant pertaining to such business and all vehicles to be operated in the conduct thereof, in the amount of not less than $1,000,000 for any one occurrence and $2,000,000 aggregate for any bodily injury/property damage. The policy may be written to allow the first $250 of liability for damage to property to be deductible. Workers’s compensation and employee’s liability insurance to cover injury or death to any of the employees or workers in an amount not less than the statutory limits is required. Should any such policy be canceled, the Director shall be notified of the cancellation by the insurance carrier, in writing, not less than 30 days prior to the effective date of such cancellation, and provisions to that effect shall be incorporated in the policy, which shall also place upon the company writing the policy the duty to give such notice.
(Prior Code, § 30.501) (Ord. 91-4, passed 5-22-1991)