(A) Before any permit shall be issued under the provisions of this subchapter, the applicant therefor shall first post with the city, at his or her own expense, a public liability insurance certificate covering all of his or her operations in the city limits, in bodily injury limits not less than $1,000,000 for each person and $1,000,000 for each accident, and property damage limits of not less than $1,000,000 for each accident and $1,000,000 umbrella insurance coverage. The city shall be named as an additional insured and a certificate of insurance evidencing the city as an additional insured, the applicable limits of liability, and the term of the policy of insurance shall be delivered to the Director of Transportation and Planning before or at the time of application for a permit. The public liability insurance required under the provisions of this section shall be carried in companies acceptable to the city. The insurance shall be continued in force so long as the applicant remains engaged in pipeline operations within the city.
(B) The application shall also be accompanied by a surety bond in the sum of $75,000, payable to the city, executed by the applicant as principal and by a surety company as surety, acceptable to the city, conditioned that the applicant and surety will pay all unrepaired damages, if any, caused by the applicant in the movement of pipeline equipment, pipe, tools, tanks, machinery and supplies over city streets and public ways to and from the site.
(1998 Code, § 50-174) (Ord. 01-55, passed 12-5-2001; Ord. 13-23, passed 8-7-2013)