As a part of the indemnification provided by Section 17.01.129 ("Indemnification by Grantee"), but without limiting the foregoing, Grantee shall file a certificate of insurance with the Grantor, and at all times thereafter maintain in full force and effect at its sole expense, an acceptable policy or policies of liability insurance, including comprehensive general liability insurance products/completed operations liability, personal injury liability, owners and contractors protective liability, broad form property damage, contractual liability, automobile liability (owned, non-owned, and hired automobiles), workers compensation and employer liability. The policy or policies shall name as an additional insured the City, and in their capacity as such, their officers, agents and employees. Policies of insurance shall be in the minimum single limit amount of One Million Dollars ($1,000,000.00) per occurrence. The insurance policy or policies shall contain contractual liability insurance naming the Grantee, and shall insure against the types of liabilities covered by the indemnification and hold harmless provisions of Section 17.01.129 ("Indemnification by Grantee"). The insurer or insurers shall be authorized to write the required insurance, approved by the Insurance Commissioner of the State of Utah.
The policy or policies of insurance shall be maintained by the Grantee in full force and effect during the entire term of the Franchise. Each policy of insurance shall contain a statement on its face that the insurer will not cancel the policy or fail to renew the policy, whether for nonpayment of premium, or otherwise, and whether by the request of the Grantee or for other reasons, except after thirty (30) calendar days advance written notice mailed by the insurer to the City Recorder, and that such notice shall be transmitted postage prepaid, with return receipt.
Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 99-62, Enacted, 12/16/1999