(A) (1) All contractors and/or subcontractors receiving a permit as provided for in this chapter are required to have workers compensation insurance policy according to ILCS Ch. 820, Act 305 in its entirety. Coverage shall be in the following minimal amounts:
WORKERS COMPENSATION | |
$1,000,000 | Policy limit |
$500,000 | For each accident |
$500,000 | For each employee |
(2) Evidence of the insurance shall be filed with the application to the Department of Community Services and Development, Inspectional Services Division in the form of a certificate of insurance naming the village as an additional insured under the policy. Each certificate shall have an endorsement to the effect that insurance may not be canceled by the insurer thereof without at least 30 days prior written notice to the village.
(B) Cancellation of the insurance provided for herein shall cause automatic revocation of the contractor’s and/or subcontractor’s permits.
(Ord. 2252-94, passed 1-5-94) Penalty, see § 124.99