(a) The Grantee shall maintain public liability and property damage insurance that protects the Grantee and the City; naming the City as an additional insured as well as the City's officers, agents, employees and volunteers. The insurance shall provide coverage at all times of not less than one million dollars ($1,000,000.00) for personal injury to each person and one million dollars ($1,000,000.00) for each occurrence involving property damage plus costs of defense or a combined single limit policy of not less than five million dollars ($5,000,000.00) covering all claims plus costs and defense. The policy shall provide that the insurance shall not be cancelled or materially altered without thirty (30) days written notice first being given to the City. If the insurance is cancelled or materially altered within the term of the License, Grantee shall provide a new policy with the same terms. Grantee agrees to maintain continuous uninterrupted coverage in the amounts required for the duration of the term of the License.
(b) The Grantee shall maintain on file with the City Treasurer, a certificate of such insurance as enumerated in subsection (a) above.
(Ord. 2680. Passed 5-16-00.)
(Ord. 2680. Passed 5-16-00.)