(a) Insurance. In addition to making the deposit hereinbefore proved to be made, each person applying for such a permit shall file a certificate of insurance indicating that he is insured against claims for damages for personal injury as well as against claims for property damage which may arise from or out of the performance of the work, whether such performance be by himself, his subcontractor, or anyone directly or indirectly employed by him. Such insurance shall cover collapse, explosive hazards, and underground work by equipment on the street, and shall include protection against liability arising from completed operations. The amount of insurance shall be prescribed by the City Manager in accordance with the nature of the risk involved; provided however, that the liability insurance for bodily injury in effect shall not be in an amount less than $100,000 for each person and $300,000 for each accident and for property damages in an amount not less than $50,000, with an aggregate of $100,000 for all accidents.
(b) Hold Harmless Agreement. All permittees under this chapter do hereby covenant and agree to indemnify and save harmless the City of Paris, Tennessee, from all suites, claims, demands, and actions of any kind and nature by reason of the City of Paris issuing any permit under the terms and conditions of this chapter; the permittee shall be solely responsible and answerable in damages for any and all accidents or injuries to persons or property arising from or incident thereto, any activity which is subject of this ordinance (Ord. #578, 12/02/82).