The tow operator shall be required to maintain, at its sole cost, insurance as set forth in this section, which insurance must remain in full force and effect at all times that the tow operator is or remains on the village's rotation tow list. All insurance policies shall name as insured the tow operator, its carriers, agents, employees, and subcontractors. All insurance policies shall also name as additional insured the police department, the village, and their respective officers, employees, and agents. The tow operator shall deliver to the village written evidence of such insurance in the form of a certificate of insurance prior to being placed on the rotation tow list. Insurance to be carried by the tow operator shall include, but not be limited to: a) general liability insurance coverage for the use and operation of any truck(s) of two hundred fifty thousand dollars ($250,000.00) per person, five hundred thousand dollars ($500,000.00) per occurrence; b) an umbrella liability policy in the minimum amount of one million dollars ($1,000,000.00).
In addition to the above, the tow operator shall be required to keep in full force and effect at all times that the tow operator is or remains on the village's rotation tow list, insurance coverage meeting minimum requirements as follows:
A. Comprehensive General Liability: Must include the following industry standard forms of insurance:
1. Premises/operation coverage;
2. Products and completed operations coverage;
3. Blanket contractual liability;
4. Five hundred thousand dollars ($500,000.00) combined single limit, or five hundred thousand dollars ($500,000.00) bodily injury, and two hundred fifty thousand dollars ($250,000.00) property damage.
B. Comprehensive Auto Liability: Must include the following endorsements:
1. All owned autos, hired car coverage, and employers' nonowned auto coverage;
2. The policy shall not contain a radius restriction of less than fifty (50) miles;
3. Fifty thousand dollars ($50,000.00) on-hook liability.
C. Garage Keepers' Legal Liability Or Motor Truck Cargo: The vendor shall provide coverage for the vehicles in their custody. Either a motor truck cargo policy, listing all storage lots as terminal locations, or garage keepers' legal liability shall be required. The minimum amount of coverage shall be no less than one hundred thousand dollars ($100,000.00).
D. Workers' Compensation And Employers' Liability: Statutory limits for workers' compensation and a one hundred thousand dollar ($100,000.00) employers' liability limit.
Each tow operator shall supply the village with a certificate of insurance, which indicates coverage for the above mentioned minimum insurance requirements which carries the provision that said insurance shall not be canceled without giving the village at least thirty (30) days' written notice of cancellation or material change. (Ord. 2008-10-02, 10-22-2008)