A. A grantee must obtain and maintain in full force and effect, at its sole expense, a comprehensive general liability insurance policy, in protection of the grantee, and the City, its officers, elected officials, boards, commissions, agents and employees for damages which may arise as a result of operation of the system or delivery of cable service.
B. The policies of insurance must be in the sum of not less than one million dollars ($1,000,000.00) for personal injury or death of any one person, and two million dollars ($2,000,000.00) for personal injury or death of two (2) or more persons in any one occurrence, five hundred thousand dollars ($500,000.00) for property damage to any one person and two million dollars ($2,000,000.00) for property damage resulting from any one act or occurrence.
C. The insurance policy must be maintained by grantee in full force and effect during the entire term of the franchise. Each certificate of insurance must contain a statement on its face that the insurer will not cancel the policy or fail to renew the policy, whether for nonpayment of premium, or otherwise, and whether at the request of grantee or for other reasons, except after thirty (30) days' advance written notice have been provided to the City. (Ord. 2019-03, 1-28-2019)