A. Each towing firm listed on the roster shall have, in full force and effect, during the period the firm remains on the roster, public liability, property damage and fire and theft insurance coverage as follows. The village shall be listed as an additional insured on each policy. Proof of such coverage shall be a minimum eligibility requirement.
1. Comprehensive General Liability: Must include the following industry standard forms of insurance:
a. Premises/operation coverage;
b. Products and completed operations coverage;
c. Blanket contractual liability;
d. One million dollars ($1,000,000.00) combined single limit, or one million dollars ($1,000,000.00) bodily injury and one million dollars ($1,000,000.00) property damage.
2. Comprehensive Auto Liability: Must include the following endorsements:
a. All owned autos, hired car coverage, and employers' nonowned auto coverage;
b. The policy shall not contain a radius restriction of less than fifty (50) miles;
3. Garage Keepers' Legal Liability Or Motor Truck Cargo: The towing firm shall provide coverage for the vehicles in their custody. Either a motor truck cargo policy, listing all storage lots as terminal locations or garage keepers' legal liability shall be required. The minimum amount of coverage shall be no less than one million dollars ($1,000,000.00).
4. Workers' Compensation And Employers' Liability: Statutory limits for workers' compensation and a five hundred thousand dollar ($500,000.00) employers' liability limit per accident.
5. In addition, the towing firm shall comply with any applicable portions of the Village's General Insurance Guidelines, as adopted by resolution of the Village Board and amended from time to time.
B. Each towing firm shall supply the village with a certificate of insurance, which indicates coverage for the above mentioned minimum insurance requirements and carries the provision that said insurance shall not be canceled without giving the village at least thirty (30) days' notice of cancellation or material change. The certificate of insurance shall name the village as additional insured. (Ord. 2015-04-21, 4-21-2015; amd. Ord. 20230307A, 3-7-2023)