All general contractors doing work within the village shall maintain public liability and property damage insurance according to the following minimum values:
Total Contract Amount of Work | Personal Liability Insurance | Property Damage Insurance |
$0 to $10,000 | $500,000 | $100,000 |
$10,000 to $100,000 | $1,000,000 | $300,000 |
$100,000 to $1,000,000 | $3,000,000 | $1,000,000 |
Over $1,000,000 | $5,000,000 | 110% of Contract |
(Ord. 713-91, passed 5-14-91; Am. Ord. 1080-01, passed 3-20-01) Penalty, see § 150.99