(A) The licensee shall, at its sole cost and expense, indemnify, hold harmless and defend the town, its officials, boards, commissions, agents and employees, by providing immediate defense with counsel approved by the town, against any and all claims, suits, causes of action, proceedings and judgments for damages arising out of construction, maintenance or operation of the cable communication system.
(B) The licensee, within 30 days after written notice of the granting of a license, shall provide the town with and maintain in full force throughout the term of the license agreement, insurance issued by a company duly authorized to do business in the state, ensuring with respect to the installation, construction, operation and maintenance of the system as follows.
(1) Liability, comprehensive general and automobile liability coverage including, but not limited to, blanket contractual liability, completed operations liability, broad form property damage including, but not limited to, coverage for explosion, collapse, underground hazard and automobile non-ownership liability. This insurance shall be written in the following minimum amounts:
(a) For bodily injury, including death: $500,000 combined single limit;
(b) Property damage: $500,000 combined single limit;
(c) Comprehensive automobile liability: bodily injury $500,000 combined single limit; and
(d) Excess umbrella liability in the minimum amount of 5,000,000.
(2) Workers’ compensation coverage as required by the laws and regulations of the state.
(3) All insurance policies required herein shall include the town as a named insured party.
(4) The licensee shall be solely responsible for all premiums due and payable for insurance required herein.
(5) All insurance policies required herein shall be in a form approved by the Town Attorney and shall include a 60-day notice of cancellation endorsement.
(Prior Code, § 14-1-12)