(a) All Marihuana Businesses licensed and permitted to operate in the City shall at all times maintain in full force and effect insurance covering the Marihuana Business in the amount of:
(1) Workers' compensation and employer's liability insurance with statutory limits, and any applicable Federal insurance of a similar nature; and
(2) Commercial general liability insurance, including Completed Operations Liability, Independent Contractors Liability, with minimum limits of $1,000,000.00 per occurrence and a $2,000,000.00 aggregate limit.
(b) A Marihuana Grower shall additionally maintain in full force and effect insurance coverage for sudden and accidental environmental contamination with minimum limits of $500,000.00 and providing coverage for claims discovered within three years after the term of the policy.
(c) A Marihuana securer transporter shall additionally maintain automobile liability insurance in an amount not less than $1,000,000.00.
(d) The insurance policy underwriter must have a minimum A.M. Best Company insurance ranking of B+, consistent with state law. The policy shall provide that the City shall be notified by the insurance carrier thirty (30) days in advance of any cancellation.
(Res. 2020-253A. Passed 9-8-20.)