(a) A grantee shall indemnify and hold harmless the City at all times during the life of a franchise and will pay all damages and penalties which the City may be required to pay as a result of the grantee's actions or omissions, as set forth in an indemnity agreement.
(b) A grantee shall at all times during the life of a franchise carry and require its contractors and subcontractors to carry public liability, property damage, worker's disability and vehicle insurance in such form and amount as shall be reasonably required by the City.
(c) All required insurance coverage shall provide for thirty days notice to the City in the event of material alteration or cancellation of such coverage prior to the effective date of such material alteration or cancellation.
(d) Failure of a grantee to provide appropriate insurance certificates to the City within sixty days after the execution of a franchise shall render the franchise subject to termination pursuant to the terms of the franchise.
(Ord. 1996-17. Passed 5-21-96.)