(A) Upon the issuance of a permit under this chapter, and at all times during the time the permit is in effect, the permittee shall comply with the following insurance requirements:
(1) Comprehensive General Liability Insurance with minimum limits of $1,000,000 per occurrence, combined single limit coverage and $2,000,000 in the aggregate against any injury, death, loss or damage as a result of wrongful or negligent acts or omissions of the permittee.
(2) Garage Keeper's Legal Liability Coverage with minimum limits of $250,000 per occurrence and $1,000,000 in the aggregate.
(3) Comprehensive Vehicle Liability Insurance covering personal injury and property damage with minimum limits of $1,000,000 per occurrence, combined single limit, covering any vehicle in the possession of the permittee, its agents and employees in conjunction with the operation of vehicles pursuant to the permit.
(4) Worker's Compensation Insurance as required by law.
(B) The permittee shall maintain proof of the insurance required hereunder on file with the city's Risk Manager.
(C) Except for worker's compensation insurance, all policies of insurance required by this section shall contain an endorsement naming the city, its officers, officials, employees, and volunteers as an additional insured with respect to liability arising out of automobiles owned, leased, hired or borrowed by or on behalf of the permittee; and with respect to liability arising out of work or operations performed by or on behalf of the permittee including materials, parts or equipment furnished in connection with such work or operations.
(D) For any claims related to this permitted activity, the permittee's insurance coverage shall be primary insurance as respects the city, its officers, officials, employees, or volunteers shall be excess of the permittee's insurance and shall not contribute with it.
(E) Each insurance policy required by this section shall be endorsed to state that coverage shall not be canceled by either party, except after 30 days prior written notice by certified mail, return receipt requested, has been given to the city.
(F) Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A:VII.
(`83 Code, § 5.92.090) (Ord. 2000-27 § 2, 2000)