All licensed sign operators shall purchase and maintain, at his or her own expense,
adequate insurance coverage. Certificates of insurance shall be provided to the city
on March 15 of each year for which licensing is sought, or at the request of the building
official. Liability insurance coverage policy limits must be in a minimum range of
one million dollars ($1,000,000.00), must name the City of Laredo as a lien holder,
and must have a waiver of subrogation. In addition, all insurance policies shall be
endorsed to the effect that the city of Laredo will receive at least sixty (60) days'
notice prior to cancellation, non-renewal or material change which meets or exceeds
the following limits: workers compensation insurance at statutory limits, including
employers liability coverage a minimum limits of one hundred thousand dollars ($100,000.00)
each occurrence, each accident; and, comprehensive general liability at three hundred
thousand dollars ($300,000.00) general aggregate for bodily injury and property damage.
Any subcontractor(s) hired by a contractor shall maintain insurance coverage equal
to that required of the contractor. It is the responsibility of the contractor to
assure compliance with this provision.
(Ord. No.
2017-O-044
, § 1, 10-3-17)
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