(A) As a condition of the city's consent to occupy the right-of-way, a facilities operator must secure and maintain the following liability insurance policies insuring both the facilities operator and as additional insureds the city and its elected and appointed officers, officials, employees and agents:
(1) Comprehensive general liability insurance with limits not less than:
(a) Five million dollars for bodily injury or death to each person;
(b) Five million dollars for property damage resulting from any one accident; and
(c) Five million dollars for all other types of liability.
(2) Automobile liability for owned, non-owned and hired vehicles with a limit of $3,000,000 for each person and $3,000,000 for each accident.
(3) Worker's compensation within statutory limits and employer's liability insurance with limits of not less than $1,000,000.
(4) Comprehensive form premises- operations, explosions and collapse hazard, underground hazard and products completed hazard with limits of not less than $3,000,000.
(B) Each such insurance policy shall contain the following endorsement:
"It is hereby understood and agreed that this policy may not be canceled nor the intention not to renew be stated until ninety (90) days after receipt by the City, by registered mail, of a written notice addressed to the Building Official of such intent to cancel or not to renew."
(C) Within 60 days after receipt by the city of the notice provided for in division (B) above, and in no event later than 30 days prior to the cancellation of the policy, the facilities operator shall obtain and furnish to the city a replacement insurance policy meeting the requirements of this section.
(Ord. 18-031, passed 7-25-18)