(A) Insurance required. Each applicant for a permit required by this chapter for work on public right-of-way shall carry adequate public liability and property damage insurance to indemnify the village in case of any accident or damage occurring in conjunction with or as a result of the work being done under the permit.
(B) The provider shall carry, at the provider’s own cost and expense, the following insurance:
(1) Property insurance for its property’s replacement cost against all risks;
(2) Workers’ compensation insurance, as required by law;
(3) Commercial general liability insurance with respect to its activities on the village improvements or rights-of-way to afford minimum protection limits consistent with its requirements of other users of village improvements or rights-of-way, including coverage for bodily injury and property damage.
(C) Limits of liability shall be at least $100,000 for injury to any one person and $500,000 for injury resulting from any one accident and $50,000 for injury to any property. The provider shall include the village as an additional insured on the commercial general liability policy and provide certification and documentation of inclusion of the village in a commercial general liability policy prior to the collocation of any wireless facility.
(D) A provider may self-insure all or a portion of any insurance coverage. A provider that self-insures is not required, to the extent of the self-insurance, to comply with the requirement for the naming of additional insureds under this section. A provider that elects to self-insure shall provide to the village evidence sufficient to demonstrate its financial ability to self-insure the insurance coverage.
(E) The insurance required by this chapter may not be canceled for the duration of the collocation permit. Cancellation or lapse of the insurance required shall terminate any permit for which the policy provides coverage.
(Ord. 18-07-01, passed 7-24-2018)