(A) The company shall maintain throughout the term of its franchise, liability insurance insuring the city and the company with regard to all damages for which the city and/or the company may be liable, including, but not limited to, damages arising from the installation, operation, maintenance or removal of the company's CATV system, whether or not any act or omission complained of is authorized, allowed or prohibited by this franchise.
(B) The liability insurance referred to in this section shall be in the following amounts.
(1) $500,000 for bodily injury or death to any one person, with a limit of $1,000,000 for bodily injury or death resulting from any one accident.
(2) $500,000 for property damage resulting from any one accident.
(3) $500,000 for all other types of liability.
(C) The company shall save the city harmless from any and all liability arising out of or by granting of this franchise or the operation of the system hereunder. The company shall pay for all expenses incurred by the city in defending itself with regard to all damage and penalties which the city may be required to pay as a result of this franchise, including, but not limited to, all reasonable investigation, witness, and attorney fees.
(Ord. 224, passed - - )