No license shall be issued, nor shall the same be effective until the applicant shall file with the Clerk-Treasurer a certificate of public liability insurance policy, approved by the Attorney, covering all operations of such applicant, in the amount of at least $300,000 combined single limit in case of injury to persons and damage to property in any one accident. Such policy shall be written so as not to allow any sum for any portion of liability for damages to property to be deductible. The city shall be named, and the insurance provided shall include the city as an additional party insured. Should any such insurance policy be cancelled, the city shall be notified and the license issued hereunder shall be suspended and inoperative until satisfactory insurance is provided. No license shall be required when the work to be done is performed under the direction of the Public Utilities Commission, a city department head or other public utility otherwise authorized to use the streets of the city for work related to such utilities.
(1992 Code, § 494:10)