(A) Before starting construction, the company shall indemnify, protect, and save harmless the city from and against losses of and physical damages to property, and bodily injury or death to persons, including payments made under any workmen’s compensation law, which may arise out of, or be caused by the erection, maintenance, presence, use, or removal of attachments on poles within the city, or by any act of the company, its agents or employees.
(B) The company shall carry insurance to protect the parties hereto, the subscribers and the public from and against all claims, demands, actions, judgments, costs, expenses, and liabilities which may arise or result directly or indirectly, from or by reason of the loss, injury, or damage. The amounts of such insurance against liability due to physical damage to property shall be not less than $100,000 as to any one accident and not less than $300,000 aggregate in any single policy year; and against liability due to bodily injury or death of persons, not less than $100,000 as to any one person, and not less than $300,000 as to any one accident. All insurance thus required shall be and shall remain in full force and effect for the entire life of this chapter. The insurance policy or policies, or a certificate thereof, shall be deposited with and kept on file by the Clerk-Treasurer.
(Ord. 1799, passed 6-21-71)