§ 70-175. Insurance.

(a)

During the life of a franchise granted pursuant to this chapter, the grantee shall provide, pay for and maintain satisfactory to the city the types of insurance described herein. All insurance shall be from responsible companies duly authorized to do business in the state and having a financial rating in Best's Insurance Guide of B+ Class VI or better and a claims paying ability rating of A+ or better. All liability products shall provide that the city is an additional insured as to the operations under this franchise. The required coverages must be evidenced by properly executed certificate of insurance forms. The certificates must be signed by an authorized representative of the insurance company. Each insurance policy shall provide that at least 30 days advanced written notice by registered or certified mail be given to the city of any cancellation, intent not to renew or reduction in the policy coverages. The certificate of insurance must indicate that the city is an additional insured.

(b)

The limits of coverage of insurance required shall be not less than the following:

(1)

Worker's compensation and employer's liability insurance.

Worker's compensation	Florida statutory  requirements
Employer's liability	$500,000.00 limit each  accident $500,000.00 limit disease  accident $500,000.00 limit disease each  employee

 

(2)

Comprehensive general liability. Bodily injury and property damage—$5,000,000.00 combined single limit each occurrence.

(3)

Automobile liability. Bodily injury and property damage—$5,000,000 combined single limit each accident.

(Ord. No. 99-46, § 1, 8-12-99)