(A) The tow service shall maintain, at its cost, general liability insurance coverage for the use and operation of all tow trucks owned and operated by such service truck(s) of $250,000 per person, $500,000 per occurrence. The tow service shall further maintain an umbrella liability policy in the minimum amount of $1,000,000. The tow service shall cause the village to be named an additional insured under all such policies. The tow service shall deliver evidence of such insurance to the village prior to being placed on the rotation tow list in the form of a certificate of insurance. Such policies shall not be cancelable or subject to material change without at least 30 days' written notice thereof to the village Police Department. All insurance policies shall cover the operator, its carriers, agents and subcontractors. In addition, the tow service shall keep in full force at all times during the life of the agreement, insurance coverage meeting minimum requirements as follows:
(1) Comprehensive general liability. Must include the following industry standard forms of insurance:
(a) Premises/operation coverage;
(b) Products and completed operations coverage;
(c) Blanket contractual liability;
(d) Five hundred thousand dollars combined single limit, or $500,000 bodily injury and $250,000 property damage.
(2) Comprehensive auto liability. Must include the following endorsements:
(a) All owned autos, hired-car coverage, and employers nonowned auto coverage;
(b) The policy shall not contain a radius restriction of less than 50 miles;
(c) Fifty thousand dollars on hook and/or on truck bed liability.
(3) Garage keepers' legal liability or motor truck cargo. The vendor shall provide coverage for the vehicles in their custody. Either a motor truck cargo policy, listing all storage lots as terminal locations, or garage keepers' legal liability policy shall be required. The minimum amount of coverage shall be no less than $50,000.
(4) Workers' compensation and employers' liability. Statutory limits for workmen's compensation and a $100,000 employers' liability limit.
(B) Each vendor shall supply the village with a certificate of insurance, which indicates coverage for the above-mentioned minimum insurance requirements, which carries the provision that said insurance shall not be cancelled without giving the village at least 30 days' notice of cancellation or material change. The certificate of insurance shall also name the village as additional insured.
(Ord. 0009-03, passed 2-19-03)