(A) At all times during the term of the franchise, the city shall maintain liability insurance insuring the city in an amount which is the greater of the liability limits required of the city under applicable state law or:
(1) A minimum of $100,000 for bodily injury or death to any one person and $300,000 for bodily injury or death resulting from any one accident; and
(2) A minimum of $300,000 for property damage resulting from any one accident.
(B) Nothing in this franchise shall relieve any person from liability arising out of the failure to exercise reasonable care to avoid injuring the city's facilities while performing any work connected with grading, regrading or changing the line of any street or public place or with the construction or reconstruction of any sewer or water system.
(Ord. 172, passed 4-30-90)