(a) A Company shall indemnify, defend and save whole and harmless the Village and its officers and employees from liabilities and related expenses (including reasonable attorneys' fees) of any kind which may arise out of or from the establishment, construction, operation and maintenance of the System, or the execution and implementation of a Franchise Agreement and any related Ordinance. The Village shall notify a Company in the event any person shall in any way notify the Village of any claim or demand in connection with the System or a Franchise Agreement or any related Ordinance, from which a Company may be subject to liability under this Section or otherwise. The undertaking in connection with this subsection (a) includes liability with respect to property damage, personal injury, invasions of the right of privacy, defamation of any person, the violation or infringement of any copyright, trademark, trade name, service mark or patent, or of any other right of any person, and failure of a Company to comply with the provisions of any federal, state or local statute, ordinance, rule or regulation applicable to a Company in connection with a Franchise Agreement or any related Ordinance. The obligations of a Company under this Section 13 shall survive the termination of a Franchise Agreement regardless of the reason for or the method of termination.
(b) A Company shall keep a System continuously insured against such risks as are customarily insured against by businesses of like size and type, including but not limited to:
i) Insurance to the extent of $2,000,000 per occurrence against liability for bodily injury including death, and to the extent of $500,000 per occurrence against liability for damage to property, including loss of use occurring on, arising out of or in any way related to the System.
ii) During any period of construction, adequate coverage to meet liability under the Illinois Structural Work Act (prior to repeal thereof).
iii) Worker's Compensation Insurance within statutory limits, and Employer's Liability Insurance of not less than $500,000.
iv) Comprehensive Automobile Liability Insurance to the extent of $2,000,000 per occurrence against liability for bodily injury including death, and to the extent of $300,000 per occurrence against liability for damage to property, including loss of use occurring on, arising out of, or in any way related to the System.
This subsection (B) shall not be a limit on a Company's undertaking provided in subsection (A) of this Chapter.
(c) A Company shall have the Village included as co-insured on all insurance policies referred to in this Section. A Company shall file with the Village, certificates of insurance for such policies. All such policies shall provide that the issuing insurance company will not cancel them without at least ten days prior notice to a Company and the Village. All such policies shall be taken out and maintained with generally recognized, responsible insurance companies.