(A) No applicant with a project that the Director determines has a cost of work of $25,000 or more shall be entitled to a permit unless and until he or she shall have filed and maintained on file with the town a certificate certifying that he or she or his or her company or business firm carries public liability and property damage insurance issued by an insurance carrier authorized to do business in the state insuring the applicant and the town and its agents against loss by reason of injuries to, or death of, persons or damages to property arising out of or related to work performed by the applicant, its agents or its employees while performing any work under such permit. Such insurance shall be primary and provide coverage for all liability assumed by the applicant under this section, and shall be provided by any permittee in the following minimum amounts:
(1) Five hundred thousand dollars for death of, or injury to, any one person in any one accident;
(2) One million dollars for death of, or injuries to, more than one person in any one accident; and
(3) Five hundred thousand for damages to property.
(B) Failure by the applicant to provide the town with such a certificate as required under division (A) above, and failure by the town to demand the filing by the permittee of such a certificate before such a permit is issued, shall not be deemed to waive the permittee’s obligation to provide the insurance specified herein. Such insurance certificate shall remain in effect and be kept on file with the Director until all work to be performed by the permittee under the permit has been completed. Where an encroachment involves a permanent obstruction, such insurance certificate requirements and other resolution stipulations shall remain in effect until such construction is removed. The insurance certificate shall provide that coverage cannot be cancelled or expire without providing 15 days’ written notice of such action to the town also noting the permit number.
(C) No evidence of liability insurance or surety bond shall be required as condition precedent to the issuance of a permit to a federal, state, county or political subdivision.
(Prior Code, § 19-1-4) (Ord. 01-11, passed - -2001; Ord. 21-04, passed 5-11-2021)