The grantee shall hold the village harmless from all claims for damages arising out of construction, reconstruction, maintenance, or operation of said cable lines or other structures or appurtenances. Furthermore, the company shall carry insurance to protect the parties hereto from and against all claims, demands, actions, judgments, costs, expenses, and liabilities which may arise or result directly or indirectly from or by reason of such loss, injury, or damage. The amounts of such insurance against liability due to physical damage to property shall not be less than $25,000 as to any one accident and not less than $200,000 aggregate in any single policy year, and against liability due to bodily injury or to death of persons not less than $500,000 as to any one accident. The company shall also carry such insurance as it deems necessary to protect it from all claims under the worker’s compensation laws in effect that may be applicable to the company. Said policies of insurance or a certified copy or copies thereof shall be deposited with and kept on file by the Village Clerk.
(Prior Code, § 3-8-5)