3.50.080 Insurance.
(1) General. At all times during the term of this franchise, franchisee, at its own cost and expense, shall provide the insurance specified in this section.
(2) Evidence Required. Within 30 days of the effective date of this franchise, franchisee shall provide the City with a certificate of insurance executed by an authorized representative of the insurer or insurers, evidencing that franchisee’s insurance complies with this section.
(3) Notice of Cancellation, Reduction, or Material Change in Coverage. Policies shall include a provision requiring written notice by the insurer or insurers to the City not less than 30 calendar days prior to cancellation, reduction, or material change in coverage. If insurance coverage is canceled, reduced or materially changed, franchisee shall, prior to the effective date of such cancellation, reduction or material change, obtain the coverage required under this section, and provide the City with documentation of such coverage. Franchisee shall be responsible, to the extent not caused by the City’s negligence or intentional misconduct, for the costs of any damage, liability, or injury, which are not otherwise covered by insurance or because of a failure to comply with this section.
(4) Insurance Required. During the term of this contract, franchisee shall maintain in force, at its own expense, the following insurance:
(a) Workers’ compensation insurance for all subject workers; and
(b) General liability insurance with a combined single limit, or the equivalent, of not less than $500,000 for each person, and $1,000,000 for each occurrence of bodily injury and $1,000,000 for property damage, which coverages shall include contractual liability coverage for the indemnity provided under this contract, and naming the City, its officials, officers, employees and agents as additional insureds with respect to franchisee’s activities pursuant to this franchise. (Ord. 139 § 8, passed 11-13-2018)