(A) Each FBO, or ground lease holder (Corporate Airpark) shall have in full force and effect one or more of the following types of insurance during the entire period of tenancy at the airport.
(1) General liability insurance. Each FBO or ground lease holder (Corporate Airpark) shall be required to have general liability insurance, in not less than the following amounts:
$300,000 for injuries to or death of any one person.
$500,000 for any one accident or disaster.
$100,000 for damage or destruction to property.
(2) Hangar keepers liability insurance. If an FBO keeps or stores aircraft or other property owned by a third party on airport property leased by the FBO, the FBO must maintain not less that $500,000 per occurrence of hangar keepers insurance, unless similar coverage exists under the required general liability policy.
(3) Automobile liability coverage. Automobile liability coverage on all motor vehicles owned and/or operated by an FBO or its employees on the airport property in amounts of not less than $500,000 combined single limit or equivalent; provided, however, separate automobile coverage shall not be required if such coverage is provided under the FBO's general liability policy.
(B) Each CFI (Certified Flight Instructor) shall have in full force and effect the following type of coverage in not less than the following amount:
(1) Flight instruction coverage. If flight instruction is offered by an FAA approved CFI (Certified Flight Instructor) at the airport, the CFI must have instruction and rental liability coverage not less than $500,000 combined single limit, or equivalent.
(2) Cancellation; Certificates of Insurance. The insurance required shall not be subject to cancellation or material alteration until at least 30 days written notice has been provided to the city. All FBO's, ground lease holders (Corporate Airpark), and CFI's (Certified Flight Instructors), shall furnish to the city, annually, Certificates of Insurance showing the city as an additional insured and evidencing that all of the herein stated requirements have been met. Any changes to or waivers of required coverage must have prior written approval of the city.
(Ord. 2003-8, passed 8-19-03)