(A) No vehicle towing service shall be placed on the list until the applicant has deposited with the Business License Commissioner the following insurance policies:
(1) Garagekeeper’s policy. A garagekeeper’s legal liability policy covering fire, theft, windstorm, vandalism and explosion in the amount of $10,000, with each vehicle suffering damage being deemed a separate claim; and
(2) Liability policy. A liability policy covering the operation of the owner’s business, equipment or other vehicles or any bodily injury or property damage. This policy shall be in the minimum amount of $300,000 for more than one person killed or injured in any accident and an additional $100,000 for property damage.
(B) Each policy required by this section must contain an endorsement by the carrier providing 90 days’ notice to both the city and the insured in the event of any change in coverage under the policy.
(C) A certificate of the policy or a copy of the policy shall be carried in the cab of each tow truck.
(2000 Code, § 5.62.040) (Am. Ord. 2010-02-0277O, passed 2-23-2010; Am. Ord. 2020-04-0787O, passed 4-14-2020) Penalty, see § 112.99