The village clerk shall not issue any license pursuant to this chapter unless the applicant provides one of the following:
A. A certificate of insurance, issued by an insurance company authorized to do business in the state of Illinois that evidences liability coverage of the applicant for personal injury and property damage. Such certificate shall show the policy number, policy period, the limits of coverage, and the amount of any self-insured retention; or
B. A statement, signed by the contractor, if an individual, or by one authorized to sign on behalf of a partnership or corporation, that the contractor is not covered by liability insurance, and providing the address to which claims against the contractor for personal injury or property damage should be sent.
The certificate of insurance or statement filed in accordance with this section shall be open to public inspection. Within fifteen (15) days of any change in insurance coverage which causes the most recently filed certificate or statement to be inaccurate, the licensee shall file a new certificate or statement with the village clerk. (Ord. 2008-43, 9-18-2008; amd. Ord. 2019-45, 10-3-2019)