(a) Insurance. A grantee shall maintain, throughout the term of the franchise, a policy of liability insurance covering said grantee, which shall name the City as an additional insured, in amounts no less than the following and with such deductibles as are ordinary and reasonable in keeping with industry standards:
(1) Comprehensive general liability: A combined single limit of not less than one million dollars ($1,000,000).
(2) Comprehensive automobile liability: A combined single limit of not less than one million dollars ($1,000,000).
(b) Indemnification. A grantee shall indemnify and hold harmless the City at all times during the term of the franchise, from and against all claims for injury or damage to persons or property, both real and personal, caused by the construction, erection, operation and maintenance of the system.
(Ord. 95-17. Passed 9-18-95.)