8-1-37: LIABILITY INSURANCE:
No person shall be issued a permit under this chapter without first obtaining a contractor's license from the town, at which time such contractor shall submit proof that there is being maintained and carried liability insurance covering personal injury and property damage which may arise from or out of the performance of the proposed work. The insurance shall cover collapse, explosive hazards and underground coverage and shall include protection against liability arising from completed operations. The insurance for personal injury shall be in an amount not less than one million dollars ($1,000,000.00) for each person and not less than two million dollars ($2,000,000.00) for each accident and, for property damage, shall be in an amount not less than one million dollars ($1,000,000.00), and not less than two million dollars ($2,000,000.00) for all accidents. A certified copy or certificate of insurance policies, together with the certificate of the insurer that each policy is in full force and effect and that the insurance will not be altered, amended, terminated or ended without a ten (10) day written notice having first been given to the town, shall be filed prior to the issuance of a contractor's license. (Ord. 7(2006) § 28: 1997 Code: Ord. 7(1971) § 7)