An application hereunder for each moving or razing operation shall include a liability insurance policy or adequate certificate thereof, issued by an insurance company authorized to do business in the State of Ohio, and approved as to form by the Law Director, in limits for bodily injury or loss of life of one hundred thousand dollars ($100,000) per person; three hundred thousand dollars ($300,000) per accident, and property damage liability of fifty thousand dollars ($50,000) per accident. Such insurance shall serve as an indemnity for any damage which the City may sustain by reason of damage or injury to any highway, street or alley, sidewalk, fire hydrant, traffic control signals or other property of the City which may be caused by or be incidental to the razing of any building or structure or the removal of any building or structure over, along or across any street in the City and to indemnify and save the City harmless from any claim for damages to persons or private property or legal expense as a result thereof, and to satisfy all claims by private individuals arising out of, caused by or incidental to the razing of any buiding or structure or the moving of any building or structure over along or across any street in the City. Such insurance coverage shall also include protection in the event of explosion, collapse or damage to underground sewer and water facilities and any other utilities, and shall include a thirty-day minimum notice of cancellation provision.
(Ord. 7A-1969. Passed 8-25-69.)