Before a permit shall be issued for any sign hereunder, the applicant shall submit to the Village a certificate of insurance showing the Village as an additional insured with bodily injury insurance of at least one hundred thousand dollars ($100,000.00) each person, and three hundred thousand dollars ($300,000.00) each occurrence and property damage coverage of twenty thousand dollars ($20,000.00) each occupant. The policies of insurance shall be in companies approved by the Village Board. In the event said insurance expires or is cancelled the sign shall be immediately removed and, in the event it is not so removed, the Superintendent of Public Works is hereby authorized to remove said sign and the cost of said removal shall be paid by the person who received the permit. In the event that any injury or damage shall occur by reason of the construction or maintenance of the sign, the owner of said sign shall hold harmless the Village and any officials or agents thereof from any cost, damage or expense of any type. (Ord. 94-12, 3-23-1994)