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A condition of any license issued under this chapter shall be a certificate of insurance issued in favor of the City for a policy of liability insurance issued for the life of the license applied for or longer and filed with the Chief of Police by a responsible insurance company approved to do business in the State, such insurance being approved as to sufficiency by the Director of Public Safety and as to legality by the Solicitor. Such insurance shall provide financial protection for the licensee and the City against losses resulting from the operation of each motor vehicle used or owned by the licensee or his or her agents in the collecting, hauling and/or disposing of any garbage, rubbish or refuse within the City, to the extent of one hundred thousand dollars ($100,000) on account of injury or death of one person in any one accident, three hundred thousand dollars ($300,000) on account of injury or death of more than one person in any one accident and twenty-five thousand dollars ($25,000) for property damage caused in any one accident. Such insurance policy shall indemnify the City against any actions at law or suits in equity, including, but not limited to, all attorney fees and court costs, which may be brought against the licensee or the City, arising out of any and all activities of the licensee. Effective January 1, 1998, such policy of insurance shall have liability limits of one million dollars ($1,000,000) on account of injury or death of one person in any one accident, two million dollars ($2,000,000) on account of injury or death of more than one person in any one accident and five hundred thousand dollars ($500,000) for property damage caused in any one accident.
(Ord. 31-1997. Passed 5-12-97; Ord. 35-2008. Passed 4-14-08.)