(a) Licensees shall at all times during the license period maintain in full force and effect Worker's Compensation and Commercial General Liability (including vehicle coverages) insurance, including contractual liability coverage, with the Village named as an additional named insured for the provisions of Section 715.16. All insurance shall be by insurers and for policy limits acceptable to the Village. Before the license hereunder is issued, licensees agree to furnish the Village certificates of insurance or other evidence satisfactory to the Village to the effect that such insurance has been procured and is in force. Certificates of insurance, acceptable to the Village, shall be filed with the Village at the time of license issuance and renewals thereof. These certificates shall contain a provision that coverages afforded under the policies will not be cancelled or reduced until at least thirty days' prior written notice has been given to the Village. Any claims-made-policy shall be brought to the attention of the Village immediately as well as any specific limitations, exclusions or self-insured retentions. Certificates of insurance shall include a statement that the insurer(s) agrees to the provisions of subsection (b) hereof.
(b) All insurance companies providing coverages required herein shall familiarize themselves with all of the conditions and provisions of the license and shall waive the right of special notification of any change or modification of this chapter, any extension of time, any decreased or increased work, the revocation of the license, or any act or omission by the Village or its agents or employees. Failure to so notify the aforesaid insurance companies of changes or modifications shall in no way relieve the insurance companies of their obligations under their policies.
(c) For the purpose of the license, licensees shall carry the following types
of insurance in at least the limits specified below:
Coverage | Limits of Liability |
Worker's compensation |
Statutory |
Commercial general liability | |
Combined single limit for bodily injury, personal injury, and property damage | |
Per occurrence |
$1,000,000 |
General aggregate |
$1,000,000 |
Products aggregate or equivalent |
$1,000,000 |
Automobile | |
Combined single limit for bodily injury and property damage unloading MCS (90) endorsement | |
Per occurrence or accident |
$1,000,000 |
Excess umbrella liability | |
Commercial general liability and automobile liability: | |
Per occurrence |
$5,000,000 |
Aggregate |
$5,000,000 |
To the extent permitted by law and to the extent accepted by the Village, all or any part of any required insurance coverage provided by a licensee may be provided under a plan or plans of self-insurance. The coverage may be provided by the licensee's parent corporation.
(Ord. 19-09. Passed 11-18-09.)