(A) The franchisee shall be required to maintain insurance in forms and in companies as shall be approved by the town, the approval not to be unreasonably withheld, to protect the town and the franchisee from and against any and all claims, injury or damage to persons or property, both real and personal, caused by the construction, erection, operation or maintenance of any aspect of the system. The amount of this insurance shall be not less than the following:
(1) General liability insurance.
General Liability Insurance | Amount |
Bodily injury per person | $500,000 |
Bodily injury per occurrence | $1,000,000 |
Property damage per occurrence | $300,000 |
Property damage, aggregate | $300,000 |
(2) Automobile insurance.
Automobile Insurance | Amount |
Bodily injury per person | $100,000 |
Bodily injury per occurrence | $300,000 |
Property damage per occurrence | $300,000 |
(B) Worker’s compensation insurance shall also be provided as required by state law.
(C) All insurance coverage shall provide a ten-day notice to the Town Clerk in the event of material alteration or cancellation of any coverage afforded in the policies prior to the date the material alteration or cancellation shall become effective.
(D) Copies of all insurance policies required hereunder shall be furnished to and filed with the Town Clerk prior to the commencement of operations or the expiration of prior policies, as the case may be.
(1988 Code, § 111.13) (Ord. passed 10-2-1979) Penalty, see § 10.99