No permit shall be issued or remain in effect unless the permittee, at his or her expense and without cost to the City, shall procure and maintain in force and on file with the City Clerk sufficient evidence of a general liability policy naming the City as an additional insured, covering bodily injury including death, in the amount of three hundred thousand dollars ($300,000.00) combined single limit. Such insurance coverage constitutes a minimum requirement and shall in no way be deemed to limit or lessen the liability of the permittee under the terms of such permit. An endorsement shall be included on the required policy, providing for thirty (30) days' notice to the City in the event of any material change or cancellation.
(Ord. 298 §2, 1994)