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(A) Before being granted a contractor’s permit, each applicant shall show the following proof of insurance and file the same with the Building Commissioner:
(1) Public liability and property damage insurance in an amount not less than $300,000 in the case of damage or injury to one person, and not less than $500,000 in case of damage or injury to more than one person, and $50,000 property damage, or $500,000 bodily injury and property damage combined single limit; and
(2) Worker’s compensation insurance coverage as required by state law.
(B) Each contractor shall show proof of a $10,000 bond payable to the county for each construction project to be performed in the event that the construction project is unable to be completed or if any violation occurs of this chapter for which corrective action must be taken by the county.
(C) All insurance and bond shall be issued by an insurance company authorized to do business in the state. Failure to provide a certificate of insurance and bond, or allowing the same to lapse, shall be grounds for rejection of the contractor’s registration permit.
(`88 Code, § 8-200) (Ord. 2001-03, passed 2-13-01)