A. The grantee, concurrently with the filing of an acceptance of award of any franchise granted under this chapter, shall provide and maintain in full force and effect for the term of such franchise or any renewal thereof, at grantee's sole cost and expense, a general comprehensive liability insurance policy in an amount as from time to time set by the council and by a company approved by the city and in a form satisfactory to the city attorney, indemnifying and saving harmless the city, its officers, and employees from all claims, actions, suits, liability, loss expense or damages of every kind and description, including investigation cost, court costs, and attorney's fees which may accrue to or be suffered or claimed by a person or persons arising out of the negligence of the grantee in the ownership, construction, repair, replacement, maintenance and operation of the cable television system and by reason of any license, copyright, property right or patent of any article or system used in the construction or use of the system and protecting the city and all persons against liability for loss or damage for personal injury, death and property damage, occasioned by the operations of grantee under such franchise, and any antitrust claim against grantor relating to the grant or administration of a franchise granted pursuant to this chapter, with minimum liability limits of two million dollars for personal injury or death of any person and five hundred thousand dollars for damage to property resulting from any one occurrence.
Furthermore, grantee shall indemnify and hold harmless the grantor from any and all liabilities, fees, costs and damages to persons or property, or expenses of any type or nature which may accrue to the grantor by reason of the construction, operation, maintenance, repair and alteration of the grantee's facilities by the grantee, its employees or agents, excluding any claims arising out of or relating to the negligence or wilful misconduct of the grantor, its employees or agents. In case any suit or action is instituted against the grantor asserting claims for which the grantor has a right of indemnification from the grantee pursuant to this paragraph, the grantor shall provide written notice thereof to the grantee and the grantee shall have the duty to defend grantor, nor shall it be required to indemnify and hold harmless the grantor, if a suit or action is brought against the grantor by the grantee.
B. Policies mentioned in subsection A of this section shall name the city, and its officers, boards, commissions, agents and employees, as additional insured and shall contain a provision that a written notice of cancellation or reduction in coverage of the policy shall be delivered to the city thirty days in advance of the effective date thereof; if such insurance is provided by a policy which also covers grantee or any other entity or person other than those above named, then such policy shall contain the standard cross-liability endorsement.
(Ord. 505 § 1(part), 1987).