§ Nine. Liability and insurance.

Latest version.

(A)

The franchisee shall indemnify and hold harmless the city from all damages and penalties which the city may legally be required to pay, plus all expenses, including attorney's fees, which result from the franchisee's negligence or misconduct in the construction, operation or maintenance of the system.

(B)

The franchisee shall maintain, and specifically agrees to maintain throughout the term of its franchise, liability insurance insuring the city and franchisee with regard to the following damages in the minimum amounts of: $1,000,000 for property damage resulting from any single accident; $300,000 for bodily injury or death to any one person, with an aggregate liability of $1,000,000; and $150,000 in coverage for all other types of liability.

(C)

Within thirty (30) days after approval of a franchise ordinance, the franchisee shall furnish certification of insurance to the city.

                    
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