The limit of liability upon any bond or policy of insurance, posted pursuant to the requirements of this article, shall in no case be less than $5,000.00 for bodily injuries to or death of one person. The permissible limit of liability for bodily injuries or death of more than one person shall depend upon the number of bench permits covered thereby and shall not be less than the amount specified in the following schedule:
Number of Bench Permits | Limit of Liability |
1 to 10 | $10,000.00 |
11 to 50 | 20,000.00 |
51 to 100 | 40,000.00 |
101 or more | 80,000.00 |