(1) The horse-drawn vehicle, its drivers, and the owner of the business, shall be adequately insured by a company licensed to do business in the commonwealth for injury or death of individuals in accidents resulting from any cause for which the driver or owner of the horse-drawn vehicle would be liable on account of liability imposed on them by law in the minimum amount of three hundred thousand dollars ($300,000.00) regardless of whether the horse-drawn vehicle is driven by the owner or agent; and for the loss or damage to the property of another including personal property, under the circumstances, in the minimum amounts of two hundred fifty thousand dollars ($250,000.00) to five hundred thousand dollars ($500,000.00) for bodily injury and one hundred thousand dollars ($100,000.00) for property damage and under such terms as may be required by the director of tax collection.
(2) Further, the horse-drawn vehicle licensee must file or have on file with the commissioner of finance an improved indemnity bond in the amount of five hundred dollars ($500.00) issued by a surety company authorized to transact business within the commonwealth or post a cash bond in that amount. The term of the bond shall be one (1) year or until an improved occupational license tax return is filed with the division of revenue, whichever is later. A horse-drawn vehicle licensee shall forfeit his bond to the urban county government if he fails to comply with chapter 4 or 13 of the Code of Ordinances. Only one (1) bond shall be required for each horse-drawn vehicle license per year, regardless of the number of horse-drawn vehicles for which he is issued permits.
(Ord. No. 17-85, § 1, 2-7-85)