(A) In order to protect property owners in the city, contractors doing business in the city shall be required to carry bodily injury and property damage insurance in the amounts shown below or that which is required of contractors by the state, whichever is greater: $50,000; bodily injury and $25,000; property damage. These amounts apply to all contractors except for those regulated under F.S. Ch. 489.
(B) Such liability insurance shall be issued by an insurance company licensed to do business in the state, shall name the city as an additional insured by endorsement and shall provide a ten-day notice of cancellation or reduction in coverage to the Building Department of the city. Evidence of insurance complying with this section shall be provided by a copy of the policy or by a certificate of insurance stating the company name; an agent or agency name; policy number; an inception and expiration date; limits of liability; that coverage is provided for the hold harmless agreement executed by the contractor; that the city is named as an additional insured by endorsement; and that the ten-day notice of cancellation or reduction in coverage will be provided.
(C) A contractor listed in division (A) above who presently carries liability insurance in the amounts stated for work preformed in the county or the state is not required to carry additional amounts of insurance required by the section.
(D) Persons engaged in occupations relating to any type construction, repair, modification, demolition or other services in connection with any type maintenance and upkeep of buildings, equipment and facilities within the city are required to provide up to date proof of insurance or a surety bond in the amounts shown in division (A) above prior to issuance of necessary permits to proceed with work.
(Ord. 450, passed 9-9-2003)