763.12 LIABILITY INSURANCE REQUIRED.

   (a)    No license to operate any wrecker or tow truck shall be issued or renewed by the Service-Safety Director and it shall be unlawful to operate or permit the operation of any such wrecker unless and until the owner of the same shall deposit and maintain on deposit with the Director a copy of an existing insurance policy or evidence acceptable to the Director of such policy of an insurance company duly licensed to transact such business in the State, provided such insurance is written by an insurance agent duly licensed as provided by Ohio R.C. 3905.30 et seq., insuring within the amounts specified in such policy the owner of such tow truck and also any person operating the same in the Municipality under the authority of such owner, whether such authority be under contract or employment, lease, or other transaction of the owner or owner's assignee or lessee and such person operating such wrecker against loss from liability imposed by law for damages on account of bodily injuries or death or for damages to property, other than employees, resulting from such ownership, maintenance or use of such wrecker in the Municipality, and agreeing to pay to any judgment creditor to the extent of the respective amounts specified in such policy, any final judgment rendered against the insured or such operator by reason of such liability.

   (b)    In addition to the insurance required in subsection (a) hereof, a garage keeper's legal liability policy covering fire, theft, and explosion shall be required. A company not storing vehicles may, on approval of the Service-Safety Director, submit an affidavit which shall state that liability coverage is in effect to cover each vehicle towed while in their care, custody and control pursuant to Section 763.13(b). A violation of the terms contained in the tow owner insurance affidavit will be cause for the suspension or revocation of tow truck owner licenses.

   (c)    The policy or policies must contain an endorsement providing for ten days’ notice to the Municipality in the event of any material change or cancellation.

(Ord. 97-141. Passed 6-17-97.)