§ 6.26.210. Insurance requirements.

On or before the effective date of the franchise, grantee shall file with the metropolitan government a certificate of insurance and thereafter maintain in full force and effect at all times for the full term of the franchise, at the expense of grantee, a comprehensive general liability insurance policy, including underground property damage coverage, naming the metropolitan government as additional insured, written by a company authorized to do business in the State of Tennessee, protecting the metropolitan government against liability for loss or bodily injury and property damage occasioned by the installation, removal, maintenance, or operation of the communications system by grantee in the following minimum amounts:

A.

One million dollars combined single limit, bodily injury and for real property damage in any one occurrence;

B.

One million dollars aggregate.

Grantee shall also file with the metropolitan government a certificate of insurance for a comprehensive automobile liability insurance policy written by a company authorized to do business in the State of Tennessee, for all owned, nonowned, hired and leased vehicles operated by grantee, with limits no less than one million dollars each accident, single limit, bodily injury and property damage combined, or evidence of self-insurance.

Grantee shall also maintain, and by its acceptance of any franchise granted hereunder, and specifically agrees that it will maintain throughout the term of the franchise, workers compensation and employers liability, valid in the state, in the minimum amount of the statutory limit for workers compensation, and five hundred thousand dollars for employers liability.

All liability insurance required pursuant to this section shall be kept in full force and effect by grantee during the existence of the franchise and until after the removal of all poles, wires, cables, underground conduits, manholes and any other conductors and fixtures installed by grantee incident to the maintenance and operation of the communications system as defined in this chapter. All policies shall be endorsed to give the metropolitan government thirty days' written notice of the intent to amend or cancel by either grantee or the insuring company.

(Ord. 94-1103 § 21, 1994)