The franchisee shall be required to guarantee that in the exercise of duties under the franchise, every reasonable and proper precaution to avoid damage or injury to persons or property shall be used, and that the franchisee shall, at all times and under all circumstances, hold and save the city and the county harmless from each and all such damage, injury, loss or expense caused or occasioned by reason of any act or failure to act of the franchisee, its officers, agents and employees. The franchisee further agrees that if the city or county is sued by any person or business of any kind to recover damages for injury to any person or property on account of actions during performance of duties under the franchise, the franchisee, its successors and assigns shall defend all such suits and pay all judgment or judgments any court or courts may enter in such suits. Further, it shall be required to provide liability insurance in a minimum of one hundred thousand dollars ($100,000.00) and three hundred thousand dollars ($300,000.00) coverage and one hundred thousand dollars ($100,000.00) property damage. (Ord. 11/6/74 §6(4), 1974)