(A) The company shall maintain throughout the term of its franchise, liability insurance insuring with regard to all damages for which the company may be liable, including, but not limited to, damages arising from the installation, operation, maintenance or removal of the company’s C.A.T.V. system, whether or not any act or omission complained of is authorized, allowed or prohibited by this franchise.
(B) A certificate of said insurance shall be kept on file by the Township Clerk.
(C) The liability insurance referred to in this section shall be in the following minimum amounts:
(1) Five hundred thousand dollars for property damage resulting from any one accident;
(2) Five hundred thousand dollars for bodily injury or death to any one person, with a limit of $1,000,000 for bodily injury or death resulting from any one accident; and
(3) Five hundred thousand dollars for all other types of liability.
(D) The company shall save the township harmless from any and all liability arising out of or by granting of this franchise for the operation of the system hereunder. The company shall pay for all expenses incurred by the township in defending itself with regard to all damages and penalties which the township may be required to pay as a result of this franchise, including but not limited to, all reasonable investigation, witness and attorney fees.
(Ord. 98, passed 3-9-1992)