5.44.160 Insurance.
So long as a franchisee shall possess any right or privilege granted pursuant to this chapter or franchise, and before the commencement of any work thereunder, a franchisee shall deliver to the city clerk, a certificate of insurance showing that it has procured and is maintaining at all times a policy of public liability insurance, subject to the approval of the city attorney naming the city as an additional insured, protecting the city against claims for injuries or death to persons or damage to property which may arise from or in connection with the performance of the franchise by a franchisee, its agents, representatives, employees or subcontractors.
The policy of insurance shall evidence policy limits as follows:
A. Automobile liability insurance with limits no less than one million dollars combined single limit per accident for bodily injury and property damage; and
B. Commercial general liability insurance written on an occurrence basis with limits no less than one million dollars combined single limit per occurrence and two million dollars aggregate for personal injury, bodily injury and property damage. Coverage shall include but not be limited to: blanket contractual; products/completed operations; broad form property damage; explosion, collapse and underground (XCU); and employer’s liability.
These limits are listed in 1993 dollars and shall be adjusted as necessary, but in no event less than once every five years, to adjust for inflation.
Any payment of deductible or self insured retention shall be the sole responsibility of a franchisee. Subject to the indemnification provision of Section 5.44.150 of this chapter, a franchisee’s insurance shall be primary insurance as respects the city, and the city shall be given thirty days prior written notice of any cancellation, suspension or material change in coverage. (Ord. 2346 § 1, 1995)