(A) In addition to the bond required by § 113.032, each permittee, prior to the issuance of the permit and commencement of actual drilling operations, shall file with the City Secretary a certificate or certificates of insurance showing that the permittee has in full force and effect a policy or policies of standard comprehensive public liability insurance, including contractual liability covering bodily injuries and property damage, naming the permittee and the city as co-insured, and issued by an insurance company authorized to do business within the state. Such policy or policies, in the aggregate shall provide for the following minimum coverage:
(1) For bodily injury or death, $500,000 as to any one person and $1,000,000 as to any one accident; and
(2) For public liability for damage to property of others, $500,000.
(B) In addition, prior to the issuance of the permit, permittee shall file with the City Secretary a certificate or certificates of insurance showing that the permittee has in full force and effect a policy or policies of blowout or cost of well control insurance in an amount not less than $1,000,000 for each well.
(Ord. 2006-1019(2), passed 10-19-2006)