No permit shall be issued for the performance of any work until the applicant shall have filed with the city a certificate or certificates of insurance certifying that the person carries public liability insurance and property damage insurance insuring both the party and the city and its agents against loss by reason of injury to or death of person or damage to property in the following amounts:
(A) Public liability insurance in the amount of $50,000 to $100,000;
(B) Property damage insurance in the amount of $25,000; and
(C) Public utilities shall be exempt from the requirements of this section.
(1994 Code, § 12.04.100)