Concurrently, with the filing of the acceptance of award of a franchise, a grantee shall furnish to the city and at all times during the existence of franchise shall maintain in full force and effect, at its own cost and expense, a commercial general liability insurance policy and in a form reasonably satisfactory to the city. The policy shall include, but shall not be limited to, personal injury, broad-form property damage, blanket contractual, completed operations, underground hazard, explosion and collapse hazard, independent contractors, vaults and products liability insurance. The policy shall ensure a grantee, the city, the city council, each member thereof, all officers, agents, employees and members of boards or commissions of the city against liability for all matters embraced herein with minimum combined single liability limit of $2,000,000.
(1992 Code, § 44-83) (Ord. 104-09, passed 11-16-2009)