(a) Grantee shall maintain, throughout the term of this Franchise, liability insurance insuring the Village and the Grantee with regard to all damages mentioned in Section 733.11 above in the following minimum amounts:
(1) One million dollars ($1,000,000) for bodily injury or death to any one person;
(2) One million dollars ($1,000,000) for bodily injury or death resulting from any one accident; and
(3) One million dollars ($1,000,000) for all other types of liability.
(b) Upon request of the Village, Grantee shall furnish to the Village satisfactory evidence that an insurance policy has been obtained and is in full force and effect.
(Ord. 02-016. Passed 1-13-03.)