(a) As a condition of the Village'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 Village, its elected and appointed officers, officials, agents and employees:
(1) Comprehensive general liability insurance with limits not less than:
A. Five million dollars ($5,000,000.00) for bodily injury or death to each person;
B. Five million dollars ($5,000,000.00) for property damage resulting from any one (1) accident; and
C. Five million dollars ($5,000,000.00) for all other types of liability.
(2) Automobile liability for owned, non-owned and hired vehicles with a limit of three million dollars ($3,000,000.00) for each person and three million dollars ($3,000,000.00) for each accident.
(3) Worker's compensation within statutory limits and employer's liability insurance with limits of not less than one million dollars ($1,000,000.00).
(4) Comprehensive form premises-operations, explosions and collapse hazard, underground hazard and products completed hazard with limits of not less than three million dollars ($3,000,000.00).
(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 Village, by registered mail, of a written notice addressed to the Chief Building Official of such intent to cancel or not to renew."
(c) Within sixty (60) days after receipt by the Village of the notice provided for in subsection (b) above, and in no event later than thirty (30) days prior to the cancellation of the policy, the Facilities Operator shall obtain and furnish to the Village replacement insurance policy meeting the requirements of this Section. (Ord 2018-36. Passed 7-30-18.)