A cable operator shall secure and maintain, for as long as it provides cable service to subscribers, public liability insurance, property damage insurance, products, services, completed operations and independent contractors’ insurance with umbrella coverage as follows.
(A) The coverage shall be in at least the following amounts:
(1) Public liability: $2,000,000 per person/per occurrence;
(2) Property damage: $2,000,000 per any one claim; or
(3) Umbrella liability: $2,000,000 with up to a $50,000 deductible and/or base insurance.
(B) A cable operator’s public and personal liability and property damage insurance policy shall specifically include the city and its officials, agents, employees and representatives as additional insureds.
(C) The public and personal liability and property damage insurance policy shall be issued by an insurance company licensed to do business in the state for the type of policy being issued. The certificate shall include the city as additionally insured.
(D) The public and property damage insurance policy shall contain an endorsement obligating the insurance company to furnish the city with at least 30 days’ written notice in advance of the cancellation of the insurance.
(E) Renewal or replacement policies or certificates of insurance shall be delivered to the city prior to the expiration of then existing insurance.
(F) Before a cable operator initially provides cable service to subscribers, the cable operation shall deliver the policies or certificates of insurance to the city.
(G) If the state permits a cable operator to self-insure, then the cable operator may exercise its right and self-insure as long as the minimal insurance amounts outlined in this section are met and maintained.
(Prior Code, § 110.066) (Ord. 13-08, passed 6-3-2013)