§ 8-52. Insurance requirements.  


Latest version.
  • (a)

    Each Class A license holder shall have in force commercial general liability insurance in an amount not less than three hundred thousand dollars ($300,000.00) combined for property damage and bodily injury sustained by one (1) or more persons, three hundred thousand dollars ($300,000.00) aggregate (total amount the policy will pay), and three hundred thousand dollars ($300,000.00) aggregate for products and completed operations.

    (b)

    Each Class B license holder shall have in force commercial general liability insurance in an amount not less than one hundred thousand dollars ($100,000.00) combined for property damage and bodily injury sustained by one (1) or more persons, one hundred thousand dollars ($100,000.00) aggregate (total amount the policy will pay), and one hundred thousand dollars ($100,000.00) aggregate for products and completed operations.

    (c)

    A copy of the certificate of insurance as required by subsections (a) or (b) of this section shall be submitted upon application for certificate of registration and each subsequent renewal. The license holder's name, business name and address must be shown as it appears on the license. Each certificate of insurance will reflect all assumed names utilized by the license holder and registered with this agency. Binders and interim certificates of less than sixty (60) days shall not be accepted.

    (d)

    The certificate of insurance shall certify that the policy has been endorsed with the provision that in the event such coverage is canceled or reduced, the insurance carrier shall notify the building department at least forty-five (45) days prior to such cancellation or reduction in coverage. Each non-renewal notice shall also be submitted by the insurance carrier to the building department at least forty-five (45) days prior to the renewal date. In the event that coverage is canceled for nonpayment or premium, the insurance carrier shall notify the building department at least ten (10) days prior to such cancellation.

(Ord. No. 03-30, § 1, 11-4-2003)