(A) It shall be expressly understood and agreed by and between the Town and any grantee hereunder that the grantee shall save the Town and its agents and employees harmless from and against all claims, damages, losses and expenses, including attorneys fees sustained by the Town on account of any suit, judgment, execution, claim or demand whatsoever arising out of, but not limited to, copyright infringements and all other damages arising out of the installation, operation, or maintenance of the cable system authorized herein, whether or not any act or omission complained of is authorized, allowed or prohibited by this chapter and any franchise granted hereunder.
(B) The grantee shall maintain, and by its acceptance of the franchise, specifically agrees that it will maintain throughout the term of the franchise, liability insurance insuring the Town and grantee in the minimum amount of $1,000,000.
(C) Neither the provisions of this section nor any damages recovered by the Town thereunder shall be construed to, nor limit the liability of, the grantee under any franchise issued hereunder or for damages.
(D) The grantee shall also carry such insurance as it deems necessary to protect it and the Town from any and all claims under the worker’s compensation laws in effect that may be applicable to the grantee and all insurance required by this section shall be and remain in full force and effect for the entire period of their franchise and a copy of the policy or a certified copy thereof shall be filed with the Town Clerk-Treasurer.
(E) All insurance policies maintained pursuant to this franchise shall contain the following endorsement:
“It is hereby understood and agreed that this insurance policy may not be canceled by the surety, nor the intention not to renew be stated by the surety until sixty (60) days after receipt by the Town by registered mail of written notice of such intention to cancel or not to renew.”
(2005 Code, § 95.12)