(A) The franchisee shall maintain insurance from companies approved by the city, such approval not to be unreasonably withheld, to protect the city and the franchisee and their officers, agents and employees from and against claims caused by the construction, erection, operation or maintenance of any aspect of the system. The amount of such insurance shall be no less than the following:
(1) Commercial General Liability Insurance:
Per occurrence $5,000,000
Products and completed operations aggregate $5,000,000
Property damage general aggregate $5,000,000
(2) Commercial Automobile Insurance:
Per occurrence $5,000,000
(B) These limits may include self-insured retentions. Workers' compensation shall also be provided as required by the laws of the Commonwealth of Kentucky. Commercial general and automobile insurance shall include the city, as additional insured for their vicarious liability and shall provide 30 days notice to the city in the event of cancellation of any coverage afforded in said policies prior to the date said cancellation shall become effective. Certificates of insurance certifying the policies required hereunder shall be furnished to and filed with the City Clerk prior to the commencement of operations or the expiration of prior certificates, as the case may be.
(Ord. O-19-08, passed 11-11-08)