No permit as required by this Chapter shall be issued by the Village authorizing any person, firm, partnership, corporation, company, association, or other legal entity, or any combination thereof, to engage in the activities or work referenced in Sections 1321.01(b) and 1321.09(a) until evidence of insurance is furnished to the Mayor indicating that such permit applicant has insurance for bodily injury in at least the amount of five hundred thousand dollars/one million dollars ($500,000.00/$1,000,000.00) and for property damage in at least the amount of two hundred fifty thousand dollars ($250,000.00). Failure to maintain the insurance provided for in this section shall result in the revocation of any permit issued herein. Each such policy of insurance shall carry an endorsement that requires the Village be provided with at least thirty (30) days written notice in the event such insurance is to be canceled or not renewed for any reason.
(Ord. 2010-07. Passed 10-14-10.)