A permittee shall obtain and maintain in full force insurance in an amount prescribed or approved by the town. The owner of telecommunications and/or public utility facilities shall furnish a certificate of insurance at the time of filing an application for a rights-of-way access permit. The town may require the deletion, revision or modification of particular policy conditions, limitations or exclusions, unless the policy provisions are established by state or federal law.
Insurance policies shall be issued only by insurance carriers licensed to do business by the state of Indiana.
The policy shall:
(1) Name the town, its elected and appointed officers, board members, employees, agents and represen-
tatives as additional insureds for all applicable coverage.
(2) Provide ten days notice to the person designated to receive rights-of-way access permit applications for cancellation or non-renewal. Within ten days of receipt of a cancellation or non-renewal notice, the permittee shall obtain and furnish to the person designated to receive rights-of-way access permit applications replacement insurance coverage meeting the terms of this section.
The permittee shall pay all premiums and assessments. A company which issues insurance coverage has no recourse against the town for payment of a premium or assessment.
Insurance coverage shall contain the following provisions:
Comprehensive general liability insurance with limits not less than:
(1) Five hundred thousand dollars for bodily injury or death to each person.
(2) Two hundred fifty thousand dollars for property damage resulting from any one accident.
(3) Not less than one million dollars for injuries to more than one person. (Ord. 949 § 1(part), 2001).