The grantee agrees to hold and save said city harmless from any and all liability that may arise out of the construction, maintenance, operation or use of grantee’s system and works and the providing of such services and to provide and keep in force adequate liability insurance therefore, to the extent of bodily injury limits of $500,000 to $500,000 and a property damage limit of $300,000 to $300,000, naming the city as an additional insured, as its interest may appear. The grantee shall also provide and maintain insurance under a broad form automobile policy with $100,000 to $300,000, $100,000 coverage limits and workers’ compensation insurance with state statutory limits. All insurance shall be issued by a company authorized to do business in the state and shall be provided before the grantee, its successors or assigns thereof, shall commence the construction or other operations mentioned in this section. The city shall notify the grantee, its representative or employee in the city, if any, within, ten days after presentation of any demand or claim that may arise, whether by suit or otherwise, against the city. The grantee shall maintain on file with the City Clerk at all times a current certificate of insurance. All insurance policies shall, if possible, provide for not less than 30 days’ notice of cancellation.
(Ord. 310, passed 6-18-1982)