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(A) A grantee shall maintain and by its acceptance of a franchise specifically agrees that it will maintain throughout the term of the franchise, liability insurance insuring the city (as additional insured) and the grantee in the minimum amount of:
(1) $1,000,000 for property damage to any one person;
(2) $1,000,000 for property damage in any one accident;
(3) $1,000,000 for personal injury to any one person; and
(4) $1,000,000 for personal injury in any one accident.
(B) A certificate of insurance obtained by the grantee in compliance with this section shall be filed and maintained with the city during the term of the franchise.
(C) Neither the provisions of this section nor any damages recovered by the city thereunder shall be construed to or limit the liability of the grantee under any franchise issued hereunder or for damages.
(D) Such coverage shall be non-cancelable, except upon 30 days prior written notice to the city.
(Ord. 1846, passed 12-7-98)