(A) Every applicant shall submit satisfactory proof in the form of a certificate or certificates of insurance issued by an insurer authorized to transact business in the State of Illinois, showing that the applicant has procured comprehensive public liability insurance fully protecting the village against any loss, damage, or liability that may result from the applicant's proposed operations in the village. The insurance shall provide for limits of coverage of not less than $300,000 for bodily injury to any one person, not less than $500,000 for bodily injury to any group of persons resulting from any one accident, and not less than $100,000 for injuries to property resulting from any one accident.
(B) The applicant shall also furnish proper proof in the form of a certificate or certificates of insurance issued by any insurer authorized to transact business in the State of Illinois, evidencing that the applicant has obtained Workmen's Compensation and Occupational Disease Insurance fully protecting the village against any and all claims of employees, subcontractors, and other persons, by reason of bodily injury, or death, that may result from the applicant's proposed operations in the village.
(C) The applicant shall also furnish evidence of the expiration dates of the insurance coverages required, and shall duly certify that the coverages shall not be cancelled or modified except on ten days prior written notice given to the village. On the cancellation, expiration, or modification of any coverages required without prior consent of the village, any license issued to the applicant shall become void.
('71 Code, Ch. 6 § 6-10) (Ord. 246, passed 11-9-66)