§ 7-29. Insurance.

(a)

General contractors and subcontractors will be required to furnish an original certificate of general liability insurance with the city certificate holder or the city's standard certificate of insurance form to the city building development services department which shall be completed by an agent authorized to bind the named underwriter(s) and their company to the coverage, limits, and termination provisions shown therein. The original certificate or form must have the agent's original signature, including the signer's company affiliation, title and phone number. The city shall have no duty to pay or perform under this ordinance with such certificate shall had been delivered to the building developing services department. The individual or business name and address listed on the certificate of liability insurance must match the individual or business name and address listed on the registration application.

(b)

general contractors and subcontractors will maintain reasonable deductibles in such amounts as approved by the city and shall obtain and maintain in full force for the duration of registration at the contractor and subcontractors sole expense. All contractors and/ or subcontractors will be required to have commercial general liability insurance for bodily injury and property damage of a minimum of three hundred thousand dollars ($300,000.00) per occurrence, three hundred thousand dollars ($300,000.00) general aggregate or its equivalent in umbrella of excess liability insurance to include coverage for the following:

(1)

Premises/operations.

(2)

Independent contractors.

(3)

Products/completed operations.

(4)

Contractual liability.

(5)

Personal injury.

(6)

Bond from property damage, to include fine legal liability.

(7)

Business automotive liability. Single limit for bodily injury and property damage of three hundred thousand dollars ($300,000.00) per occurrence or its equivalent.

(Ord. No. 2012-O-021, §§ 1, 2, 2-21-12; Ord. No. 2017-O-143 , § 1, 10-6-17)