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(A) The grantee shall, concurrently with the award of any franchise granted under this chapter, furnish to the city and file with the City Manager, and at all times during the existence of any franchise granted hereunder, maintain in full force and effect, at its own cost and expense, a liability insurance policy in the amount of $500,000, in a company approved by the City Attorney and in a form satisfactory to the City Attorney, indemnifying and saving harmless the city, its officers and employees from and against any and all claims demands, actions, suits and proceedings by others, against all liability to others including by not limited to any liability for damages by reason of or arising out of any failure by the grantee to secure consents from the owners, authorized distributors or licensees of programs to be delivered by the grantee’s system, and against any loss, cost, expense and damages resulting therefrom, including reasonable attorney’s fees, arising out of the exercise or enjoyment of its franchise, irrespective of the amount of the comprehensive liability insurance policy required hereunder.
(B) The grantee shall, concurrently with the filing of an acceptance of award of any franchise granted under this chapter, furnish to the City Manager, and at all times during the existence of any franchise granted hereunder, maintain in full force and effect, at its own cost and expense, a general comprehensive liability insurance policy, in protection of the city, its officers, boards, commissions, agents and employees in a company and on a form acceptable in the State of Ohio, 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, with minimum liability limits of $500,000 for personal injury or death of any one person and $1,000,000 and $500,000 for damage to property resulting from any one occurrence.
(C) The policies mentioned in the foregoing division shall name the city, 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 such policy shall be delivered to the city 30 days in advance of the effective date thereof; if such insurance is provided by a policy which also covers the grantee or any other entity or person other than those above named, then such policy shall contain the standard cross-liability endorsement.
(Ord. 5258, passed 10-28-80)