2.3.305: INSURANCE REQUIRED:
   A.   No tree service license application shall be accepted nor examination conducted until the applicant provides a certificate of insurance showing commercial general liability coverage in the amount of one million dollars ($1,000,000.00) or more combined single limit for bodily injury and property damage. Coverage shall include blanket contractual, broad form property damage, products and completed operations endorsements. Coverage shall be required in the name of the licensee.
   B.   No license shall be issued until the applicant provides a certificate of workers' compensation and employers' liability insurance as required by statute. Employers' liability coverage is to be carried for a minimum limit of one hundred thousand dollars ($100,000.00).
   C.   Each insurance policy required shall not be reduced, suspended, voided or canceled except after prior written notice has been given to the City. Such notice shall be sent directly to the Deputy Licensing Officer, City Clerk's Office, 30 S. Nevada Avenue, Suite 101, Colorado Springs, CO 80903. If any insurance company refuses to provide the required notice, the licensee or its insurance broker shall notify the City of any reduction, suspension, voiding, cancellation, or nonrenewal of any insurance upon receipt of an insurer's notification to that effect. The suspension, voiding, nonrenewal, cancellation or reduction of insurance shall be cause for automatic suspension of the license until coverage is reinstated. All policies shall be kept in force and effect for the term of the license.
   D.   The licensee shall be responsible for any and all damage to property or injury to persons arising out of the exercise of the license. The licensee shall indemnify and save harmless the City and all of its officers, agents and employees from all suits, actions or claims of injuries received or sustained by any person or property due to the exercise of the license or of any act or omission of the licensee, the licensee's agents or employees due to the licensee's failure to comply with the provisions of this General Licensing Code. (1968 Code §5-64I; Ord. 75-164; Ord. 76-151; Ord. 95-42; Ord. 01-42; Ord. 14-89)