(A) No person, firm or corporation shall receive a license as provided in § 96.20 until the licensee shall furnish public liability and workmen’s compensation for accidents as follows:
For public liability:
(1) One-hundred thousand dollars per person for injury or death.
(2) Two-hundred thousand dollars for 2 or more people injured or killed.
(3) Fifty thousand dollars for property damages.
(4) One-hundred thousand dollars aggregate per year.
(B) This public liability insurance shall cover operations including their own work, that performed by subcontractors, and for automobiles and other motor vehicles.
(C) For workmen’s compensation amounts shall be as required by the State of Illinois plus $25,000 employers liability.
(D) Before any work is commenced a certificate of insurance shall be submitted to the City Clerk and approved by the City Attorney. Such certificate shall agree to give the city 10-days’ notice of cancellation or any restrictive change in coverage or any reduction in policy limits below that required.
(1963 Code, § 8-10-4) (Ord. 692, passed 7-12-1965; Am. Ord. 692B, passed 7-12-1965; Am. Ord. 733A, passed 8-21-1976)