No vehicle towing service shall be placed on the list until the applicant has deposited with the Village Clerk the following insurance policies:
(A) Garage keeper’s policy. A garage keeper’s legal liability policy covering fire, theft, windstorm, vandalism, and explosion in the amount of $50,000 with each vehicle suffering damage being deemed a separate claim.
(B) Liability policy. A liability policy covering the operation of the owner’s business, equipment, or other vehicles or any bodily injury or property damage. This policy shall be in the minimum amount of $1,000,000 for more than one person killed or injured in any accident and an additional $300,000 for property damage.
(C) Each policy required under this section shall name the Village of Tinley Park as an additional insured on a primary and non-contributory basis and must contain an endorsement by the carrier providing 30 days notice to both the village and the insured in the event of any change in coverage under or cancellation of the policy.
(Ord. 81-0-002, passed 3-17-81; Am. Ord. 2013-O-019, passed 6-18-13)